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Hey Mark, great job as always on these training videos! My wife and I own a small brokerage in the Tucson AZ area. Been in business for nearly 15 years offering sales and residential SFR management. I frequently play your videos in our management meetings. Thank you for your time and energy to improve the industry as a whole!!
You can to an extent. The founder of our company is now working 7 hours a week and we manage 6,500 doors. He stays involved in a few key things such as insurance, legal, and marketing. The key is to hire top talent, incentivize them, and monitor from a high level.
Our industry is a multi-layered business and good judgement is a required skill to be successful. Protocol can only take you so far. Marc dropping gems!
Well Enjoyed the video I'm not really sure if it is the best time to ask but, I was wondering if I can help you create better distribution through your videos.
Not at all. If the property isn't renting, the market is telling you the price is too high. You're actually ATTRACTING trouble-maker by pricing too high. The only people who will rent an overpriced rental are those who are desperate and can't get anyone to rent to them in their normal price range.
i hau a tent who pays 2,700.00 each month i live in Torrance ca which is rent control which I'm not happy, i did a new for the 29,000.00 if you can help me and has a business to. As i said i live on torrance ca.
I am eager to observe your insights regarding the differentiation between 1099 and W2 classifications concerning system manuals and the nuanced boundary where Property Management companies may occasionally blur the role of property manager. Interesting information.
As always, incredibly sound advice from one of the best minds in the biz! We sold our pm company (for a great price thanks to Marc’s expert coaching) and we use rentvine now to manage our personal rentals. Side note: Marc, with all of the recent news about squatters, is grace doing anything different when it comes to SHOWING properties. Obviously this is not a NEW problem, but there has been so much recent news about folks taking possession of vacant properties and refusing to leave, it seems like it might encourage bad actors who hadn’t previously considered the possibility. Is grace still using self guided tours and if so, are there any additional precautions your team is taking to avoid someone who viewed the property as a prospective tenant pocketing the keys and moving their La-z-boy into the living room?
Great tools for sure! I did verify with Zillow they don't utilize any non public information so per them they aren't lumped into the Prohibited Algorithmic Pricing blah blah blahs
I just googled Rentometer and called them. Their automated message pronounces it Rent-AH-meter, similar to "thermometer". There you have it, mystery solved. 😂
Another great video, Marc! I'm wondering, to get your percentage, do you take the number of possible renewals / number of renewals OR (possible renewals - Owner Take Backs) / number of renewals? Thanks
