The dirty little industry secret is that a lot of companies are not profitable when it comes to property management. They may feel like they are doing better financially than they actually are because they make money through property sales or other ancillary services, but if you look under the hood at just their property management division you may find that it loses money. Here are the top reasons why property management often fails to turn a profit.
The Bridge Between Your Business and Success
Gwenn Aspen is the co-founder and CEO of Anequim LLC. Anequim helps property management companies be more efficient and successful through a variety of service offerings. From sourcing and managing professional remote labor from Mexico, to Rent Manager Call Center and Anequim Office Services, Anequim is able to provide game changing results to its clients. She is also co-host of the Bootstrappers Show which releases bi-weekly episodes on Apple Podcasts, Spotify and Youtube. Gwenn was a founder of Wistar Group property management company in Omaha, Nebraska which manages 1,200+ doors which sold to Pure in 2021. Gwenn has a background in the healthcare industry and is a graduate of the University of Michigan.
It is difficult to define toxic company culture, but you know it when you’re in one. When I was new at running companies I had an employee who worked in the front office, and when I would walk in the door in the morning I would always greet her and say, “Good morning (let’s call her..) Brenda!” and then one day she didn’t feel like she had to say hello back. She just looked at me and sneered. That was when I knew that I had a company culture problem on my hands.
Interviewing candidates for jobs is one of the hardest business skills to master. It has been said that when we interview people we don’t actually interview the person, we interview their representative. Which is true, both the interviewee and the interviewer are putting on a show through the process. When everyone is puffing up their chests and fluffing up their resumes it is hard to make any real assessment on how they will perform on the job. This is why it sometimes feels like a different person shows up to work than the one who was interviewed.
Our CEO, Gwenn Aspen, was published in the Omaha World-Herald today regarding her attempts at mindfulness and meditation.
In the piece, she muses on the utility of those hot trends, and what tools have proven to be more helpful in improving focus in a world built to distract us.
Anequim has the privilege of getting under the hood of many property management companies books through our new bookkeeping service and we have gleaned a lot of knowledge from this process.
Many people ask us about our annual strategic planning process. We just had our big yearly meeting and I thought I would share some of my takeaways, and our agenda in case it is helpful to others.
I woke up on a Monday totally overwhelmed.
As an avid bullet journaler, I was reviewing my goals, objectives and commitments for the week, the month and the quarter, which I typically do each Monday morning. I quickly realized there was no organizational strategy on earth that was going to help me execute what was on my plate. I had stretched myself far too thin. To think I was going to succeed at accomplishing this list was to live in a fantasy world of unicorns and rainbows. Something had to give, or rather a few things had to give.
We have all heard stories from people who are working from home and how great it is, how much your life quality will improve or maybe, how much time people can save by working from home. Is this true?
Visual presentation is a very important part of any resume. This does not mean that you have to use bold borders or graphics. What you need is balance. The following ten things tend to clutter up a resume and make it look messy.
Managing and Monitoring Remote Workers Using Cutting Edge Technology
Recently Anequim rolled out a robust technology tool that helps remote assistant clients approve time off, manage teammates hours, and improve efficiency. This roll-out is an example of how Anequim strives for continuous improvement and is committed to increasing value for our clients. Anequim President, Gwenn Aspen is featured in the Wall Street Journal regarding best practices of managing a remote team with the most cutting edge software.