Strategic PM

Hey…did you know that, no matter how close two cities may be to each other, their respective #RealEstate markets can still be just as volatile? At the start of the summer, it seemed as though #PropertyManagers would be enjoying relative comfort, but the rise of "accidental landlords" (those who ended up unexpectedly managing #RentalProperties for purposes of generating needed income) derailed that forecast. We've also noticed that both For Sale and For Lease listings are staying on the market for longer. The silver lining? Partnerships with REALTORS are thriving. Agents are looking to maintain strong relationships with property owners, so those owners know exactly whom to call when it comes time to sell again.

Things have shifted in the industry! Jen joins Jeremy to share a recap of some of the common things we're seeing the fastest growing property managers consistently doing across the country in 2024.

For years, #BiggerPockets has been a catalyst in the #realestate industry, helping investors and business owners alike. And now, thanks to a new tool, it’s transforming #leadgeneration for #propertymanagement companies. Learn how it works: https://buff.ly/3AkXrnf

While the upcoming election is most certainly impacting many, did you know that it's also significantly impacting the #RealEstate industry? If you’ve noticed that your lead volume has decreased recently, you’re not alone. The uncertainty that accompanies election years often results in tighter spending and fewer inquiries. When lead volume is down, #PropertyManagers need to take a hard look at their pipelines and get creative with their lead-generation strategies. A few examples of these creative lead-generation strategies include connecting with investors on Bigger Pockets and with other real estate agents for referrals. Ultimately, you need to be able to provide exceptional value to whomever you're connecting with, so they'll be motivated to help you in return.

12 months. That’s about the average tenure of a #BusinessDevelopmentManager. Sound familiar? If it does, then perhaps it's time to find a better #training and #onboarding solution. More tips:

Itching to start using #AI? Finding the right AI applications for your business is key before starting. There are now a variety of ways AI can help #propertymanagers, especially when it comes to video. Discover new tools you can start using right now:

The #BuildToRent trend is great for people who may not be able to buy a home, and it's especially good for #propertymanagers. This is because BTR #tenants tend to stay longer compared to those in typical #rental situations. https://buff.ly/4dh08oc

Not getting enough done every day? Your #email could be the culprit. Be honest: How often do you check it?

What do you believe in? Running a #business can be hectic, but having #CoreValues in place can actually help you drive success. Here’s an example:

Nobody can put in 100% effort, 100% of the time. If you expect this from your team, you’re going to be disappointed. Instead, get comfortable with the idea that your #TopPerformers will give you about 85%: