8 ways preso
TRANSCRIPT
8Sensational Ways To
Profitable Property Management
Tweet for us.#getpaul #nardigras
What this is not:
What this is about:
1Only work with the right people.
Two Groupsof People We
Work With
Investors&
Staff
Investor Clients
Stray Cats
•Can’t sell their home, so they rent it out.
• Investors, but not by choice.
• Typically high maintenance
Investor Clients
Kittens
•New Investors.
• Proceeding with caution.
•Need to be weened.
Investor Clients
Tigers
• They know what they’re doing.
• They’re in control but don’t have to show it.
•Hands off approach until they need to be on.
Staff
Only Work With The Right
Dizmang Staff
Well... at the least the ones that showed up for the picture.
Add the clause “and other job duties as assigned” to your employee’s job description.
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2Establish A Written System
Keep It Simple
Efficiency + Productivity =Profitability!
Download useful property management forms at
www.getpaul.com. #getpaul #nardigras
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3Create your own Bankston Effect
Do business on these conditions...
Establish a pre-negotiated rate for all properties
There are no overtime charges.
Place our calls on the top of the priority list.
They can always bid the BIG jobs.
For this priority service you offer the following to
the sub-contractor...
Respect their “after hours” policy and only call for overtime service when it is an absolute emergency.
Give them both your property management business and your personal business as well.
Refer them to your network.
Feature their company on your web site.
FREE lunch every year!
4Communication is Key
a woman without her man has
nothing
A woman, without her man, is
nothing.
A Woman: Without her, man is
nothing.
How do you communicate with your
staff?
QuickTime™ and aMotion JPEG OpenDML decompressor
are needed to see this picture.
Use tools. E-mail
Text Messaging
Instant Message/ Skype
Facebook/Twitter
Voice Recordings
Mmm... Bacon Property
Keep It Simple Proof letters and e-mails before they go out.
Return phone calls and e-mails.
Follow up in writing so that all conversations are documented and there is no confusion or miscommunications.
Answer text messages.
Follow the lease. It’s already in writing.
Avoid communication mishaps by just following your lease
terms. It’s already in writing that way.
#getpaul #nardigras
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5Leasing & Management Fees Plus...
Maintenance & Van Supplies
27
27+ +++
plus!
Take and process rent payments Write/Send late rent notices Make bank deposits Process owner reports and checks Check on properties Pay accounts payable Taxes, insurance and mortgages payments Coordinate maintenance Call sub-contractors if necessary Be on call 24/7 Provide reports to accountants and advisors Handle city complaints Coordinate tenant move-in & move-out
procedures General upkeep of properties Re-new leases and enforce terms Hear the tenant sob stories Un-clog toilets Etc. Etc. Etc.
Fostering a relationship with your Tenant is part of your job as a Property Manager and a
reason you’re paid a fee.#getpaul #nardigras
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6Play The Game
You Should Be Sitting On A Beach
TheCouponGame
Sometimes it’s calledThe Clean Up Game
7Drop the newspaper,
go online.
Facebook Marketplace
Facebook Targeted
Advertising
Craigslist
Postlets
Oodle
Hotpads
YouTube (Property Address
Titles)
Most important.... Blog It.
8Sell the houses.
Duh.
The Stinky-er, The Better
Cut Your Tenants A Deal
Questions?
This presentation is dedicated in memory of our dear friend and colleague
Jay Reasor1957-2010
We “would rather” you be here.
8Sensational Ways To
Profitable Property Management
Presented by Paul Dizmang & Jessica HickokDizmang Properties, Inc.
www.getpaul.com