Property management is the biggest opportunity in real estate today, and in this Growth, Leadership and Management Tip I’m talking about the PM opportunity. It’s a primary part of your business, and I’m going to tell you how to get seriously good at it.
Today’s biggest companies are focused on generating recurring revenue. Property management is the subscription economy of the real estate business and I’ll explain what the property management section of your business can strategically do for you.
If you have 1000 properties under management, you have 1000 landlords. I’ll show you why it’s important for you to know where your landlords actually live themselves and how you can look after them in new and better ways.
The PM opportunity isn’t a side project, it’s the main show. It’s relatively risk-free and it can drive the saleable value of your business, become a major lead source, and grow your control in market share. It’s time to start getting better around what you do inside of your property management.