Send us a text

Sam Eddinger's transition from a nuclear engineer to a property management entrepreneur highlights the importance of aligning career choices with personal passions and values. He shares insights into the challenges and strategies he's developed for building a successful business, focusing on investor clients, team empowerment, and the crucial balance between systems and people.

• Types of property management entrepreneurs discussed
• Starting with 80 units and initial challenges
• Emphasis on focusing on investor clients
• Importance of community support and education
• Transitioning from an engineer to a property management owner
• Overcoming the bottleneck of personal oversight in operations
• Building a remote team and the challenges of company culture
• The shift from knowledge-based to coaching-based leadership
• Insights into technology and efficient systems for management
• Reflections on personal development as an entrepreneur

Please share this episode with your friends or colleagues and don't forget to subscribe and leave a review so you never miss out on future insights and strategies and tactics. Until next time, here's to your success.

visit pmsuccess.com for more value packed property management related information or to hire Tony as your property management coach.

Send us a text

Harnessing the power of active recovery can reshape how property managers approach their work and personal lives. By embracing intentional breaks and building strong systems, managers can revitalize their energy, improve focus, and foster growth both personally and within their businesses.

• Importance of intentional breaks for recovery
• Active recovery as a concept from sports to management
• Establishing routines to support work-life balance
• Celebrating wins and tracking progress as part of active recovery
• The role of accountability in enhancing personal growth
• Engaging with mentors or coaches for support
• The overall mindset shift toward a healthier work approach

visit pmsuccess.com for more value packed property management related information or to hire Tony as your property management coach.

Send us a text

Transform every customer interaction into a glowing review! Meet Sharmila Ramalingam from GPS Renting, who shares her ingenious approach to building an exceptional online reputation in the property management world. With a robust background in IT and real estate, Sharmila has mastered the art of Google review management, boasting a 4.5-star rating and over 474 reviews. Tune in to uncover her strategies for managing a remote team across multiple time zones and cultures while consistently delivering top-notch service.

Explore the transformative power of turning negative experiences into opportunities for positive connection and feedback. Sharmila reveals how cultivating strong client relationships, empowering employees, and fostering teamwork within company pods lead to impressive online reviews. Learn how to encourage satisfied clients to update their reviews and navigate situations where promised feedback isn't delivered. Discover how the culture of excellence not only elevates customer service but also bolsters the team's ability to shine even under challenging circumstances.

Dive into the intricacies of fostering a culture where every team member is motivated to pursue five-star reviews through a personalized approach. Sharmila's insights on gamification and recognition create an environment where gathering client feedback becomes both rewarding and competitive. From leasing to maintenance, each role is empowered to enhance client interactions, leading to outstanding service and positive feedback. Celebrate achievements and learn to leverage every interaction as a stepping stone to property management success, armed with the wisdom and tools shared in this episode.

visit pmsuccess.com for more value packed property management related information or to hire Tony as your property management coach.

Send us a text

What if the secret to achieving the impossible lies in taking small daily steps and embracing failure as a foundation for success? Join us in this engaging episode where we uncover the inspiring journey of our keynote speaker from the National Association of Residential Property Managers National Conference. From overcoming personal health battles to conquering ultra-marathons, we explore how pushing beyond perceived limits both in the property management industry and in personal endeavors can lead to extraordinary achievements. Our guest shares transformative experiences at Homevault Property Management and BetterWho, as well as his passion for running with the Cult Runners community, to inspire you to set ambitious goals and commit to achieving them.

You'll discover the power of visualization and community support in making daunting challenges more attainable as we navigate through tales of marathons and ultra-marathons. Our speaker illustrates how perseverance, resilience, and continuous improvement are not just buzzwords but essential tools for tackling life's toughest obstacles. Listen as he recounts the lessons learned from setbacks like not finishing the Bear 100, and how these experiences have fueled his growth and prepared him for new challenges like the Moab 240. The narrative serves as a testament to the importance of intentional practice and the courage to step out of comfort zones in the pursuit of personal and professional growth.

Celebrate the triumphs and learn from the setbacks as we discuss the necessity of forming supportive partnerships, the significance of mentorship, and the drive to confront one's "impossible." You'll be inspired by stories of forming unexpected alliances during grueling races and the mentorship that led to achieving a top 10 finish in the Moab 240. By the end of this episode, you'll be ready to challenge yourself, expand your goals, and harness the power of a supportive community to turn the fear of unrealized potential into a journey of continuous improvement and success.

visit pmsuccess.com for more value packed property management related information or to hire Tony as your property management coach.

Send us a text

Imagine managing a property that’s been turned into a squatter's haven for over five years. That's just one of the many real-life challenges faced by Lee Arnold, owner of Benchmark Properties in San Diego, who shares his 25-year journey in the property management industry with us. From starting out in high school to becoming a leader in his field, Lee offers insights into navigating the ever-evolving landscape of property management. He talks about the unique hurdles posed by legislative changes, the COVID-19 pandemic, and eviction backlogs, bringing to life the complex and rewarding world of property management.

Our conversation with Lee highlights the transformative role of technology in today's property management practices. With tools like Appfolio, Trello, and AI at his fingertips, Lee demonstrates how these innovations have enabled his company to thrive with a distributed team. Discover the shift from traditional office setups to modern, technology-driven operations, where virtual tours and electronic lockboxes streamline processes and reduce overhead. Lee’s cautious optimism about AI reflects a forward-thinking approach that could inspire both seasoned property managers and newcomers alike.

Lee also shares powerful stories of overcoming adversity, offering practical lessons from his own experiences in tenant-friendly California. He emphasizes the importance of documentation, timely action, and engaging professionals when necessary. Whether you're dealing with non-paying tenants or managing properties left in chaos, learn how courage and self-care play crucial roles in sustaining a successful career in property management. Join us for an episode filled with valuable insights, humor, and inspiration for anyone looking to succeed in this challenging yet rewarding industry.

visit pmsuccess.com for more value packed property management related information or to hire Tony as your property management coach.

Send us a text

Unlock the secrets to scaling profitability in property management with our latest episode! Have you ever wondered why some property management companies thrive while others barely survive? We shed light on the vital importance of transparent fee structures and how setting the right price can make or break your business. We share firsthand stories and insights on why leaning too heavily on backend fees could be steering you off course, and how aligning your revenue with operational costs can pave the way for sustainable growth. With an average revenue per door of over $250, discover why transparency in fees is not just a necessity, but a game-changer for elevating your leadership and technology.

Navigate through the intricate maze of establishing a "category of one" in the competitive realm of property management. We redefine the misunderstood "resident benefits package" and reveal how mislabeling charges can erode trust. Through intriguing analogies, including service levels in the food industry, we demonstrate how creating extraordinary experiences justifies higher fees. Learn how to cultivate a loyal client base with innovative trial offers while steering clear of unreliable income streams. Our focus is clear: restructuring fees to secure enduring profitability.

Finally, we delve into maximizing entrepreneurial efficiency through smart financial management and creativity. Discover the power of standardizing operations to slash overheads and boost efficiency, and why the "Profit First" approach is essential in maintaining disciplined spending. We illuminate the balance between time valuation and strategic decision-making, emphasizing the importance of delegating low-value tasks to focus on high-impact activities. By hiring smart talent and prioritizing innovation, you're set to unlock new levels of success in property management. Tune in for an episode packed with actionable insights and strategies to transform profitability in your business!

visit pmsuccess.com for more value packed property management related information or to hire Tony as your property management coach.

Send us a text

Discover the secrets to mastering property management communication with insights from Matt Tandy of Formatic Property Management. Gain valuable knowledge about setting clear expectations and nurturing a culture that thrives on change, as Matt shares his journey of building successful companies across diverse regions like Southern California, Pennsylvania, Hawaii, and Mexico. With a high-performing portfolio of 450 doors and a dedicated team, you'll uncover how strategic growth, real-time communication, and a selective approach can transform property management success.

Get the inside scoop on Formatic’s innovative approach to task management and automation, where data-driven decision-making meets incremental improvement. Explore the complexities of automating processes in people-centric industries and the pivotal role of task management systems like ClickUp and Monday.com in ensuring operational stability. Through Matt's experiences, you'll understand the balance required between automation and the human touch, especially during critical situations, and the importance of adaptability in the ever-evolving property management landscape.

Navigate the nuances of business expansion with Matt’s insights into aligning universal practices with local market demands. Learn from the challenges of introducing new practices amid resistance and the perils of the "shiny object syndrome" in growth decisions. Matt’s vision for company growth stretches beyond business objectives, aiming to support medical research and social initiatives, all while maintaining a strong company culture. This episode promises to inspire with tales of ambition, persistence, and the power of industry relationships in overcoming obstacles.

visit pmsuccess.com for more value packed property management related information or to hire Tony as your property management coach.

Send us a text

What if simplicity was the key to unlocking success in property management? Join us as we explore this fascinating idea with entrepreneur Dave Berg, who shares his wisdom on transforming inevitable mistakes into trust-building opportunities. Through compelling personal stories and insights, we uncover the power of keeping business models simple to ensure predictability, scalability, and efficiency. Listen to how clarity can help navigate the complexities of client perceptions and expectations, turning challenges into catalysts for stronger client relationships.

Discover the art of simplification in property management processes, from website usability to owner onboarding. By streamlining these essential components, we can enhance efficiency and create a seamless user experience. Hear a remarkable coaching session success story that illustrates how simplification can boost client confidence. By striking the right balance between collecting upfront information and avoiding overwhelming property owners, we aim to foster trust and eliminate perceived burdens, ensuring a smooth transition and an enhanced ownership experience.

Effective communication is another cornerstone of our discussion, as we examine the importance of maintaining a human connection in property management. Through a case study of Capstone Realty in Phoenix, Arizona, we delve into the nuances of proactive customer service and the challenges of aligning with client expectations. We emphasize the value of understanding the reasons behind actions and policies, ensuring team members can communicate effectively and provide exceptional service. By mastering processes and maintaining personal interactions, property managers can enhance trust and satisfaction, ultimately leading to successful and lasting client relationships.

visit pmsuccess.com for more value packed property management related information or to hire Tony as your property management coach.