The Property Management Show
How Much to Charge and How to Build a Team in Property Management
Dec 11, 2015
Kathleen Richards, President of Portola Property Management and PropertyManagementCoach.com, discusses setting fees and building a team for property management companies. Topics include revenue generation strategies, pricing models, utilizing realtors for moveouts, and optimizing organizational structure for efficiency.
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Quick takeaways
- Establishing pricing strategy crucial for new property management companies to attract quality clientele.
- Offering additional services beyond basic management fees can significantly enhance income and differentiate business.
Deep dives
Establishing Competitive Pricing Strategies
When starting a property management company, determining the fee structure is crucial. Understanding the mindset behind pricing is essential, as undervaluing services can attract difficult clients. Increasing prices can lead to better quality clientele, reduced stress, and improved profitability. Offering additional services like pet programs and preventative maintenance can be lucrative and differentiate your business.
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