Property Management is essential to the profitability of all real estate investments, regardless if you self manage or contract to others.
Jason Hull, founder of DoorGrow.com, helps property managers focus, grow and make their business more profitable. In episode #179, Jason shares his insight into how to identify an exceptional property manager.
If you self manage, have you considered managing for others? Jason shares how you can turn the work you are already doing into a profit center when you do it for other property owners. Property management has desirable business characteristics that every real estate investor seeks: minimal investment required to start, recurring & increasing revenue, clients who rarely leave, and the inside track to true off market deals.
A successful property management company is easy to recognize. For starters, they answer the phone when you call. They are a sales focused organization committed to the growth of the whole organization. Happy clients are the standard. They do not run from crisis to crisis. The experienced team can handle any situation and keep both the property owner and tenants happy. They rely on systems to ensure that success is a constant and they do not recreate the wheel.
If you are struggling or considering taking on property management for others, here are some keys to growing your property management company:
Once you have a solid base operation that is attracting quality owners and tenants, it’s time to prospect for more. Reach out to local investment groups and offer to speak. Groups are always looking for someone that can add value to their members. This is an excellent opportunity to prospect for new clients as a speaker in front of groups. When you present as an expert in front of a group, it leverages your reputation way beyond any outbound cold call will ever do.
For more go to:https://doorgrow.com/
Podcast: Door Grow Show
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