How I Did It Kristin and Shawn Johnson Discuss the Successes and Failures of Independence Capital Pr

Kristin and Shawn Johnson, the owners of Independence Capital Property Management, dropped from 615 to 500 doors on purpose.

Why?

Because they realized that not all business is good business. And, it worked. While trimming those doors, their revenues increased by 12 percent.

Alex talks to them about how they did it in this week’s edition of The Property Management Show.

Building a Business: Getting to 100 Units

You’ll learn that while you’re waiting for the phone to ring, you should be doing a few important things:

Investing in property management software.
Developing systems to management property.
Joining and networking through NARPM and similar associations.

Mistakes Were Meant to be Made

Alex talks to Kristin and Shawn about some of the mistakes they made and the things they learned. Their advice?

You cannot do enough due diligence when you acquire a portfolio from another property manager.
You need to let the dust settle before you make changes once you’ve acquired new properties from another manager.
Be selective with the properties and the owners you’ll work with.

You’ll also hear the Independence Capital founding story and learn about why you might want to diversify and move into other markets.

Check out the full blog here:

To claim the website special mentioned in this podcast, follow this link: http://fourandhalf.com/grow

If you have any questions once you’ve digested the information, contact us at Fourandhalf: http://fourandhalf.com/contact

Read more: youtube.com

Tagged : business, capital, kristin, property, shawn, their, they

Posted In : Property Management Videos

This entry was posted on Friday, December 7th, 2018 at 1:21 am. and is filed under Property Management Videos. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.