The Bridge Between Your Business and Success

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.

WHAT YOU WILL LEARN

David Flores, CEO of PM Solutions Pro, started out as a virtual assistant, or what we call a remote professional, and helped House Match in San Diego document and clarify all their processes and procedures. Now he helps other companies do the same. On this episode, we will talk to him about what he recommends companies do to get organized and how to best utilize virtual staff to get high quality procedures written down quickly so your business can grow.

WHAT YOU WILL LEARN

Short term rentals are all the rage, but can you scale a short term rental business? During this episode of Property Management Bootstrappers we discuss the ins and outs of managing short term rentals with founder of Better Stay in Washington state, Eva Wu. She explains how to maintain a positive culture with your team, the software and hardware needed to make management go smoothly and how to manage the little things that make a short term rental experience go well. If you are curious about how to make short term rentals part of your portfolio this is a can’t miss episode.

Performance indicators are the key to measuring the effectiveness of your property management business. They provide a way for you to track if your company is doing well or not, and if not, they can help you figure out what needs improvement. Tracking KPIs is important because it helps you know if there are any problems with your products, services, processes or systems. This blog post will explain all about performance indicators and why you should be using them in order to improve your business's overall health!

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.

WHAT YOU WILL LEARN

Onboarding new team members can be a daunting task. In this episode of Bootstrappers we discuss best practices for getting the best outcomes and high performance right out of the gate. We tackle how to set up team members for success.

WHAT YOU WILL LEARN

People often feel overwhelmed at work and immediately think they need an executive assistant. However, our experience at Anequim has shown us that sometimes an extra hand in the operations can be better at helping busy CEOs reduce their workload rather than an Executive Assistant.

WHAT YOU WILL LEARN

Some people are really good at committing to goals and achieving them. Brad Larsen, CEO and founder of RentWerx, the Property Management Mastermind Conference, and the Property Management Mastermind podcast is one of those people. In this episode, we explore his underlying beliefs around goal setting, his habits, rituals, and how he overcomes obstacles to make his dreams a reality.

WHAT YOU WILL LEARN

Gwenn and Viry Discuss the pros and cons of working remotely, and what it’s like working and living full time alongside your partner, and the challenges that come with it.

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.