4min chapter

The Property Management Show cover image

How to Set a Property Management Marketing Budget According to Greg Crabtree, CPA

The Property Management Show

CHAPTER

How Does Customer Lifetime Value Factor Into Return on Investment?

In the property management world, your costs don't vary dramatically. I mean, you have to make intentional choices to increase or decrease costs. The one overarching metric is I need $2 a management fee for every dollar of labor I spend,. If you do that, you're not going to be great. And so if you get the labor piece, right, relative to the feasible income, the rest of it works.

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