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Boosting Income and Profitability

Eight Easy Tips to Create a Great Bonus Structure for Property Managers

houses made of money

I am regularly asked, “What's a good bonus system for our property managers?” I have outlined one that is the easiest to understand, has the best approach and reward, motivating property managers to performance over the whole position description. But first … here’s what I’ve found that doesn’t work! … READ MORE about Eight Easy Tips to Create a Great Bonus Structure for Property Managers

Filed Under: Boosting Income and Profitability

The 10 Pillars of Property Management Profitability

pillars of property management profitability

Everyone wants to grow their rent roll! As property management consultants, we hear from principals many times two main comments. ‘I want to know how to grow my rent roll” and “I want to look at buying a rent roll”. … READ MORE about The 10 Pillars of Property Management Profitability

Filed Under: Boosting Income and Profitability

Why Discounting Fees Does Not Work! Part Two – Listing Appraisal Discounts

discounting property management fees doesnt work

Continuing on from ‘Why Discounting Does Not Work- Part One’ on Promotional Discounting. … READ MORE about Why Discounting Fees Does Not Work! Part Two – Listing Appraisal Discounts

Filed Under: Boosting Income and Profitability

Why Discounting Fees Does Not Work! Part One – Promotional Discounts

discounting fees doesn't work in property management

What you say you charge versus what you actually get! As property management consultants we are regularly assessing a department’s profitability, income levels and fee potential. … READ MORE about Why Discounting Fees Does Not Work! Part One – Promotional Discounts

Filed Under: Boosting Income and Profitability

The Answer to the Fee Problem

answer to fee problem in property management

There is quite a lot of discussion going on right now suggesting that discounting is causing a crisis in the industry. How this has happened, is easily understood. … READ MORE about The Answer to the Fee Problem

Filed Under: Boosting Income and Profitability

Eight Hard-Hitting Pitfalls with Cheap Fees (Part One)

Eight Hard-Hitting Pitfalls with Cheap Fees (Part One)

  https://youtu.be/SiIrYdgryvo One thing that I have learned from travelling Australia and educating real estate business owners and managers on fees, is that every marketplace has an agency that has decided to charge unsustainably low fees. There always seems to be some business owner out there who feels that they will eventually get the biggest rent roll faster by charging the … READ MORE about Eight Hard-Hitting Pitfalls with Cheap Fees (Part One)

Filed Under: Boosting Income and Profitability

Eight Hard-Hitting Pitfalls with Cheap Fees (Part Two)

Eight Hard-Hitting Pitfalls with Cheap Fees (Part Two)

See Part One for the first 4 pitfalls that come with charging cheap fees. … READ MORE about Eight Hard-Hitting Pitfalls with Cheap Fees (Part Two)

Filed Under: Boosting Income and Profitability

Five Times Faster Profit than Rent Roll Growth

Five Times Faster Profit than Rent Roll Growth

When we conduct training, the sad fact is that just about everyone believes the only way to grow your rental department income and the profit margin is exclusively by rent roll growth. … READ MORE about Five Times Faster Profit than Rent Roll Growth

Filed Under: Boosting Income and Profitability

Five Ways to Make More from Your Rent Roll Right Now!

Five Ways to Make More from Your Rent Roll Right Now!

Earning more fee income from your rent roll is not as hard or as allusive as you think! … READ MORE about Five Ways to Make More from Your Rent Roll Right Now!

Filed Under: Boosting Income and Profitability

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3 Best Strategies that grow your property management business each month

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