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Property Management

anequim-five-reasons-your-property-management-company-is-not-making-money

Five Reasons Your Property Management Company is Not Making Money

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.

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Adding Doors With Short Term Rental Management

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.

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Guide to Property Management KPIs: Tracking the Metrics That Matter

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!

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How to Achieve Your Goals With Amazing Results

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.

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How to Create a Winning Company Culture

WHAT YOU WILL LEARN

Chris Clothier of REI Nation manages over a billion dollars in real estate assets with his turnkey model in 11 markets. In this episode we have a conversation with Chris about how he manages his scaling business while maintaining a winning culture. We discuss what it looks like to hold people accountable to tight processes and maintain quality controls to provide excellent customer service at every interaction.

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How to Build Lasting Relationships With Your Customers

WHAT YOU WILL LEARN

Relationship Selling is a type of sales where the relationship goes beyond just one sale and helps companies get customers for life. Peter Hernandez, VP at Citizen Home Solutions, and the whole team excels at this skill. In this episode we will discuss how he has done this, trained his team to do it in their own style and why relationship selling is even more important in our social media driven environment.

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How to Roll Out Business Changes That Stick

WHAT YOU WILL LEARN

Sarah Durbin is known in the property management world as someone who can come into your PM company and really impact your bottom line. She is the ultimate change agent. In this episode we discuss change management with Sarah Durbin. What are the best practices, what are the pitfalls and what kinds of changes will really transform our businesses.

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