Episode #115: Proactive Management with Mike Woodfield - The Apartments Operators Podcast
Nov 12, 2020•54 min•Ep. 15
Episode description
- Focus on asset management
- From self-management to 3rd party - Going the other way!
- You got to have a solid budget to start self-management
- Finding good property management by looking at their organizational structure.
- Look for a company that has the resources to run the business.
- Always look for a management company that pays attention to you before starting business with them.
- It's better to get a smaller management company that's committed to your business needs
- Never stop paying attention to your property even after getting a management team
- Find a property manager who's core business is concentrated in your property area
- How to work with multiple management companies
- Know the 4Ps - People, Product, Price, Promotion
- Always know your market
- How a mini model can make a big impact on your occupation rate.
- Importance of Secret Shopping your team.
- Why Retention should be emphasized more than leasing