142: Choosing The Right Property Management. The Journey to Legacy Wealth Part 4 of 6

Nov 24, 2020

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Self-managing can be very stressful for most property owners. It can be difficult to maintain the consistency of day-to-day operations and maximizing income of the property. This is one of the main reasons why a lot of property owners consider partnering with third-party services, such as a Management Company. Tune in to this episode to identify some important things that you need to consider when choosing an efficient and service-oriented Management Company.

Topics on Today’s Episode:

Roles and Responsibilities of a Management Company
Systems and Processes of a Management Company
Things that you should consider and what to expect before choosing your management company
Your roles and responsibilities as a Business Owner and Operator
Attitudes that you must have as a Business Owner
Tips on how to make more money as Management Company or managing properties
How to make your Management Company more profitable
How to make your staff at your properties loyal
Costs and some expenses of the Property Owner working with a Management Team or Company

Links and Resources Mentioned:

Quotes:

"I don't think Management Companies make lots of money, but I do think you can control your overall product a lot more if you are managing and you have systems and people" - Corey Peterson

"You cannot do enough due diligence in selecting a management" - Corey Peterson

"Everybody's looking for excuses instead of taking ownership" - Corey Peterson

"I'm their biggest cheerleader, I champion my team and my staff even though they're manage by my management company, I let them know that they are important to me" - Corey Peterson

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