What makes a great business is recurring revenue, and in this month’s Growth, Leadership, and Management Tip I’ll tell you why you must keep the mission, the mission in order to ensure you’ll maintain that ongoing profit.
Your number one recurring revenue stream is, of course, property management. But what other ancillary services can you create? You are, in fact, doing more and more for the customer and you should be charging accordingly for those services.
You must understand the metrics you want for growth. That includes organic property management combined with purchasing new assets. I’ll tell you how to move into a position of ownership once those assets start making good money.
I’ll also tell you why you have to always be building talent and systems to amplify your people’s performance. And that all comes down to you and the platforms you provide to coach your agents to greatness.
To keep the mission, the mission means getting clear on what success looks like for you, and making the right decisions, setting the right missions, taking metrics and measurements, and then making the necessary adjustments to get the results you deserve.
I hope you’ve enjoyed this month’s Growth, Leadership, and Management Tip, and I look forward to seeing you here again next month.