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The 40-Hour Work Year: Are You Working Too Much in Your Property Management Business?

Flowers and Associates LLC. Monday, April 29th, 2019 Comments Off on The 40-Hour Work Year: Are You Working Too Much in Your Property Management Business?

Scott Fritz started, ran, and sold a company worth $170 million.

He was able to do that by training the business to run without him. So, when he joined Alex on this week’s Property Management Show, he had some questions for listeners like you:

Are you busy or are you productive?
Are you an entrepreneur or a business owner?
Are you doing things you could pay others to do (for less money)?

Make Your Business More Valuable

When your company can run on its own without you, it will be more valuable to potential buyers down the road. They won’t have to replace you or your salary, and they’ll know they’re buying more than a bunch of doors. They’re buying a brilliant business. That’s more valuable than a company that still needs its owner.

Growing, Str… Continue Reading The 40-Hour Work Year: Are You Working Too Much in Your Property Management Business?

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Preparing Your PM Business for an Additional Location: How to Grow without Acquisition

Flowers and Associates LLC. Tuesday, March 5th, 2019 Comments Off on Preparing Your PM Business for an Additional Location: How to Grow without Acquisition

Are you ready to expand your property management company into a new location? It’s great for growth, but if you’re not already known in that new market, how do you generate business without acquiring a local company?

This week on The Property Management Show, Alex talks to Jason Rose, who shares everything he knows about opening a property management company in a new location.

(By the way, if you’re still not sold on the value of Business Development Managers (BDMs) in property management, you should know that Jason’s company grew by 945 doors in one year thanks to the work of six BDMs.)

People and Processes in New Locations

Don’t even think about opening a new office without the right people and processes in place.

Jason and Alex talk about the importa… Continue Reading Preparing Your PM Business for an Additional Location: How to Grow without Acquisition

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Property Management Acquisitions, Growth and Marketing: The Renters Warehouse Strategy

Flowers and Associates LLC. Friday, January 11th, 2019 Comments Off on Property Management Acquisitions, Growth and Marketing: The Renters Warehouse Strategy

How can you increase your lifetime customer value and maximize the marketing dollars you spend to attract those customers?

Kevin Ortner, CEO of the largest single-family focused property management company in the U.S., has some ideas. In fact, he’s found a way to continue managing the properties that he convinces his owners to sell.

You won’t want to miss the first podcast of 2019.

Renters Warehouse + Own America = Better Business and Better Service

Renters Warehouse acquired Own America, a company that allows owners of single-family rental properties to sell those properties with tenants in place through an online marketplace to new investors. What’s in it for Renters Warehouse and their customers? Well, a lot.

Buyers can shop in new markets and acquire an invest… Continue Reading Property Management Acquisitions, Growth and Marketing: The Renters Warehouse Strategy

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

Flowers and Associates LLC. Friday, December 7th, 2018 Comments Off on 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 a… Continue Reading How I Did It Kristin and Shawn Johnson Discuss the Successes and Failures of Independence Capital Pr

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How to Structure your Business to Grow without Growing Pains

Flowers and Associates LLC. Thursday, August 23rd, 2018 Comments Off on How to Structure your Business to Grow without Growing Pains

Are you clinging to systems that may be hindering the growth of your property management company?

Property management legend Robert Locke joins Alex on this week’s Property Management Show to discuss some pretty big ideas for growth. He also shares a formula that will help your company grow to the next level.

A Lesson in Capitalization

Are you an agent or an Agent?

You’ll learn the difference between a little-a agent and a Big-A Agent on this podcast, and it will make a critical difference to your ability to scale and grow.

You’ll learn that you need to let go of getting permission from and collaborating with your owners.

Yikes!

If you are calling for approval to make every $50 repair, it may feel scary to change your process. But, it’s a requirement for growth. Rober… Continue Reading How to Structure your Business to Grow without Growing Pains

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Top-Line Growth and Profit in Your Property Management Business

Flowers and Associates LLC. Monday, August 20th, 2018 Comments Off on Top-Line Growth and Profit in Your Property Management Business

Top-Line Growth and Profit in Your Property Management Business: How to Navigate the Black Holes

This week’s podcast over at The Property Management Show is going to give you something to think about, especially if you’re teetering on the edge of a black hole.

What black hole? We’ll get to that.

First, you’ll join Alex, who talks to Jordan Muela and Danny Craig about whether or not top-line growth is just as important to property management companies as profit.

If Everyone’s Saying It…it Must be True?

They start by discussing some of the commonly held principles among business owners:

Your business will suffocate without profit.
Growth solves all problems.
You should staff for growth.

These things may be true or they may not be. They may be true when the stars align o… Continue Reading Top-Line Growth and Profit in Your Property Management Business

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