The topic of property management fees always stir great debate and having worked with many departments helping them to add and increase their fees, and seeing so many departments during business performance health checks, we felt it time to point out the biggest mistakes we see when charging and representing fees. … READ MORE about Top Ten Biggest Mistakes When Charging Fees (Part One)
Boosting Income and Profitability
Following on from Part One of our article, here are the next five big mistakes we see when charging fees: … READ MORE about Top Ten Biggest Mistakes When Charging Fees (Part Two)
As a consultant we see most companies wanting rent roll growth, to increase their size, workload and ultimately their income. However, most neglect the fact that they can boost their income and double or even triple their profit margin without taking on any more properties by simply focussing on activities that generate just profit. … READ MORE about Eight Great Ways to Boost Department Income and Profit Right Now! (Part One)
Continuing on from part one, we look at the next four ways to boost your department income and profit: … READ MORE about Eight Great Ways to Boost Department Income and Profit Right Now! (Part Two)
The familiar saying ‘you get what you pay for’ is true, and in property management, there is a vast difference amongst the service and quality that is given, which is as varied and different as the levels of fees that are charged. … READ MORE about How Cheap Fees Converts to Poor Service
It's much easier than you think! … READ MORE about How to Double Your Profit Margin!
Most rent rolls have a portion of properties that cause grief for your property managers and pain for your profit margin. When most property managers simply sign up just about every new property that comes their way, in this article, we challenge you to take a closer look at what you take on. Most rent rolls have a 10-20% burnout factor to them … READ MORE about Eight Powerful New Business Benchmark Strategies
It’s amazing that some things are very predictable with the mindsets of real estate principals and property managers. Just about every time you mention increasing fees to improve their profit margin, the response is always the same. They believe it will not work for them! … READ MORE about Eight Rock Solid Reasons Why Increasing Income Works!
Everyone wants to grow their rent roll! Every principal I speak with always wants to find ways to increase their rent roll numbers. They want to grow their numbers so they can increase their rent roll income, profit margin and value of their business. They want to simply grow income, and in their mind, they need to achieve this by growing their property management numbers. … READ MORE about Why Increasing Income is Better Than Rent Roll Growth!