Building a Property Management Company and Balancing Maintenance Needs

The speaker discusses their focus on building their property management company, including taking over management for their own properties and properties owned by another person. They talk about their first hire, implementing a maintenance call line, and the challenges of balancing maintenance staff with their property portfolio.

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Ready to grow your real estate business in 2024? With another year in the rearview, it’s time to start dreaming of what your business could become in the next twelve months. Whatever success looks like to you, it starts with careful planning!

Welcome back to the Real Estate Rookie podcast! Today, Ashley and Tony are taking some time to reflect on the past year. As you’d imagine, there have been all kinds of challenges faced, mistakes made, and lessons learned. But there have been plenty of HUGE wins, too! Tony talks about how he spent much of 2023 ending a partnership and restructuring his entire business. Meanwhile, Ashley shares how she launched her own property management company and implemented new systems to make her life easier!

Whether you’re planning to buy your first rental property in 2024 or setting new goals for your business, this episode is loaded with tips to help you take the next step in your real estate journey. You’ll learn how to create an organizational chart, hire your first employee, finetune your business’s standard operating procedures (SOPs), and more!

In This Episode We Cover:

Setting goals and how to take your real estate business to the next level in 2024

How Tony ended a long-term partnership and rebuilt his entire business

How Ashley launched her very own property management company

Why you NEED an organizational chart for your real estate business

How to find, hire, and onboard a virtual assistant for your business

Systems, processes, and tools to help you manage your entire team

And So Much More!

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