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DGS 3: Buildium's 2015 State of Property Management Report - Part 2

DGS 3: Buildium's 2015 State of Property Management Report - Part 2

Property Management Growth with DoorGrow · Jason Hull

August 5, 201628m 41s

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Show Notes

The second half of the interview with Michael Monteiro of Buildium. Hear some great book recommendations, discussion about customer service, hiring, and more.

Show Notes:
  • Accuracy & Availability in Property Management 01:22
  • Partnership & Advice in Property Management 04:00
  • The Top Lead Sources for Property Managers 05:51
  • Word of Mouth & Referrals are not enough - Diversify to Grow 06:45
  • The Blindspot of Selling Property Management 08:24
  • The Importance of Having Multiple Channels to Hit Growth Goals 09:18
  • Get Clear on What The Owners Want 11:25
  • To be Competitive - Leverage the Right Technology 11:46
  • The Biggest Property Management Challenges 12:16
  • GreatSchools - per Capita income as a Tool to Select Areas to Manage 12:56
  • Technology is Critical to Success 15:19
  • Hiring Is a Common Barrier to Growth & Helps You Focus on the Business 15:40
  • The Painful Transition from Solopreneur to Having a Team 16:54
  • Whenever you fail to inspire, you always control. 17:46
  • Organizational Health: Cohesion, Clarity, Over Communicate, Continue to Over Communicate it 18:46
  • The Importance of Having Clarity of Vision or a "Why" 20:32
  • Incentivizing Good Behavior or Performance With Money vs. Inspiration 21:24
  • When you share your purpose & values clients won't worry about the specifics once they trust you. 22:53
  • Even if some marketing channels aren't performing as well they have different audiences 26:16
Tweetables:

"If you're perfectly available and perfectly accurate, you're just NOT screwing up. That's expected and demanded."

"It's not enough to rely on just word of mouth & referrals. Property managers are having to diversify."

"Whenever you fail to inspire your team, you always waste energy trying to control them."

Resources:

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Book: First Break All the Rules

State of Property Management Report

GreatSchools

Book: E-Myth Revisited

Book: The Advantage

Book: Start With Why

Buildium