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Is your business stagnant, but you are really interested in scaling? In this show, we speak with scaling expert Mark Scrimenti on the top pitfalls leaders make when trying to grow their business and how to avoid them. We discuss common founder blindspots and what steps need to take place to either get a business owner out of their operations or for a business to grow exponentially depending on an owner’s goal.
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.
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.
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!
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.
