Episode 127: Beyond Transactions: Building Lasting Client Relationships with Jeremy Tallman
May 20, 2024
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Jeremy Tallman, Co-founder and CEO of T&H Realty Services, shares insights on building lasting client relationships in property management. He discusses scaling challenges, empathy in client interactions, and the importance of hiring the right people. Tallman's journey showcases perseverance, innovation, and a client-focused company culture.
Building lasting client relationships is crucial for property management success, emphasizing empathy and understanding client needs.
Strategies for organic growth include improving lead velocity, close rates, and adapting practices to manage a larger portfolio.
Deep dives
Building Meaningful Relationships
The importance of building meaningful relationships is highlighted, focusing on relationships within the team, with clients, and with residents. The goal is to foster genuine connections rather than transactional ones, emphasizing the significance of strong relationships with vendors who share the same commitment to serving residents and clients.
Expanding Door Count Goal
The company aims to reach 2000 doors by 2026 organically, emphasizing the need for growth and development to achieve this goal. Strategies include enhancing lead velocity, improving close rates, and evolving current practices to adapt to the challenges of managing a larger portfolio.
Setting Clear Expectations
Establishing clear expectations with clients and residents is vital to maintaining trust and streamlining processes. By setting transparent guidelines upfront, such as addressing inflation-related costs and property maintenance, the company aims to build trust and mitigate challenges during transitions like move-outs and onboarding.
Focusing on Tenant Retention
Emphasizing the significance of tenant retention as a key concern in property management, the focus shifts towards retaining residents to reduce turnover and promote stability. Ensuring clients understand the impacts of inflation on costs and implementing strategies to retain tenants can positively influence client satisfaction and operational efficiency.
In this episode, Matthew and Spencer welcome Jeremy Tallman, co-founder and CEO of T&H Realty Services in Indianapolis. Jeremy shares his journey from being a real estate investor to managing over 1200 properties, highlighting the importance of building meaningful relationships with clients, residents, and vendors.
Jeremy discusses the challenges and lessons learned in scaling a property management business, emphasizing the need for empathy and understanding client needs. He explains how his company has grown through content creation, inbound marketing, and hiring the right people. Jeremy's story is a testament to the power of perseverance, innovation, and building a strong, client-focused company culture.
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Connect with Matt and Spencer at Evernest: Evernest.co