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EP010: Meet The Team Then Decide – Part 3 of What To Expect From Your Property Manager
- 2024/06/27
- 再生時間： 56 分
- ポッドキャスト
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サマリー
あらすじ・解説
Welcome to The Landlord Profitability Playbook Podcast! In this third episode of our 12-part series, "What To Expect From Your Property Manager," hosts Chris McAllister, Laci Leblanc, and Gretchen Mitchell dive deep into the importance of meeting your property management team before making any commitments. In "Meet The Team THEN Decide," we explore the foundational role of trust in managing your valuable assets. We'll discuss the value of local expertise, the collaborative nature of the property management relationship, and how to get a feel for team dynamics. We'll also cover key performance metrics you should inquire about and the overall structure of an effective property management team. By tuning in, you'll learn how to assess whether a property management team is right for you, ensuring they have the necessary tools, clear roles, and the commitment to high standards that will help optimize your investment returns. Join us for insightful tips and strategies that will help you make informed decisions about your property management partnerships. Hosts: • Chris McAllister • Laci Leblanc • Gretchen Mitchell Key Topics Covered: • Building trust • Importance of local expertise • Collaboration in property management • Assessing team dynamics • Understanding key performance metrics • Effective team structure Ensure your properties are managed effectively by teaming up with professionals who view your investments as their own. Don't miss this episode for valuable insights and actionable advice! SHOW HIGHLIGHTS We discuss the critical importance of building trust with your property management team, emphasizing the value of face-to-face interactions, whether in person or via Zoom.Chris highlights how local expertise in property management can offer significant advantages over national companies, especially through intimate knowledge of neighborhoods and market dynamics.Gretchen explains the necessity of clear role definitions and compliance with licensing laws within a property management company to ensure smooth operations and accountability.We emphasize the need for a well-structured team with designated roles for tasks such as accounting, maintenance, and leasing to enhance efficiency and effectiveness.Chris talks about the importance of evaluating property management companies by understanding their team structure and distinguishing between front stage and backstage activities.We explore key performance indicators for property management, including 'time to turn,' 'days on market,' 'rent collected,' and 'three-day notices,' as essential metrics for evaluating effectiveness.Gretchen underscores the importance of balancing legal, moral, and professional responsibilities while maintaining trust and respect between property managers, tenants, and owners.We discuss the advantages of having a geographically focused team for property management, particularly for investors looking to expand their portfolios.Chris shares insights into the internal dynamics of Roost Real Estate Co Property Management, detailing the roles of key players and the importance of providing the team with the proper tools and resources.We advise prospective clients to inquire about job descriptions and take office tours to gauge operational readiness and ensure the property management team can meet their needs. LINKS Show Notes Be a guest on the Landlord Profitability Playbook Podcast Download your FREE copy of The Landlord Profitability Playbook and learn how to automate your property management. Visit ROOST Property Management and find out more about the ways we can help you create a more profitable portfolio. Visit Rental Property Registration to access the registration page and self-inspection form. TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Chris: Hi everybody, welcome back to the Landlord Profitability Playbook Podcast. I'm Chris McAllister and it's my job to create and coach business opportunities and strategies that support and add value to the lives of residential real estate investors. Today I'm joined not only by my podcast partner and digital marketing guru, Laci LeBlanc, but also by our Director of Property Management at Roost Real Estate Company, Gretchen Mitchell. So this is part three of our series what to expect from your property manager, and today's episode is titled meet the team, then decide. Get the boots on the ground, you can trust. Nice long title, but you get the gist. We'll be delving into the importance of building trust with your property management team, understanding what their local expertise exactly is. We're going to talk a little bit about the nature of collaboration, some team dynamics and performance standards. By the end of this episode, I think you'll get a clear understanding of why actually sitting down and meeting with the team or Zoom, if actually meeting in person is not a viable option is crucial before you make any final ...