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
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!
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.
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.