Increasing fees is very successful! It’s amazing the amount of principals and property managers who believe their clients will walk out the door if they go and increase their fees! … READ MORE about Why Increasing Fees Works!
Boosting Income and Profitability
Part of our activity is visiting offices and conducting performance health checks. To do this we ask for a list of the fees prospective clients are quoted. This is usually an A4 sheet of paper with the company logo on the top. We ask “Is this what you charge?”. The answer is always a very resounding and confident ‘yes’! … READ MORE about Why Property Managers Discount Fees…and What You Can Do About it!
Learn, apply and profit from them! When it comes to fees and increasing your income, there is a distinct set of laws and principles that will work for or against you. They are true and proven, and they can be relied upon for a suitable outcome and result, or you can use them to navigate around pitfalls. … READ MORE about The Eleven Profit Laws on Fees (Part One)
Learn, apply and profit from them! Continuing on from part one with the first five laws of profit and fees, here are the next six laws you can use to boost your property management profit and fee income. … READ MORE about The Eleven Profit Laws on Fees (Part Two)
An important message for bosses and managers. In every marketplace, there's an agency that decides to have a much lower management rate (and lower/less ancillary fees) than that of their competitors. This is their main point of difference to win new business. … READ MORE about Five REAL Reasons Why Having Discount Fees is Bad
Just about every rent roll has them and most are equally unwilling to let them go! When business owners believe that the more properties they have, the better off they are, they often overlook the ‘ball and chain’ effect that bad business can have on their portfolio, staff and their bottom line. … READ MORE about Ten Good Reasons to Ditch Bad Owners
Over 95% of rent rolls can be achieved better and improved fees on what they are currently experiencing. Most have the ability to boost their cash flow, profit margin, strengthen their business and improve it even further financially. … READ MORE about Ten Real Factors That Stop You Getting Better Fees!
https://youtu.be/xsiKAjV1aNg Too many property managers it would seem, would sign up any new property as long as it had a 'roof and a front door'. Sure, they might say it also needs to be in reasonable condition, but that’s about it! … READ MORE about Eleven Wrong Property Types That You Should NOT Manage (Part One)
https://youtu.be/xsiKAjV1aNg Following from part one, here are more property types that you would do well to avoid adding to your rent roll. … READ MORE about Eleven Wrong Property Types That You Should NOT Manage (Part Two)