Evernest Property Management Show Episode 145: 7 Pitfalls to Avoid When Scaling Your Property Management Company
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May 26, 2025 Discover the seven common pitfalls property managers face when scaling their businesses. The hosts share valuable insights on the importance of hiring the right talent and documenting processes to avoid confusion. Learn how effective delegation and training can pave the way for success, and hear stories from their own experiences growing a company from 30 to 20,000 doors. Plus, they discuss building trust and communication with investors, all while adding a dash of humor. It’s a perfect blend of wisdom and laughs!
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Hire Right and On Time
- Hire early by identifying your weakest areas and find people who can improve those areas.
- Avoid hiring too far ahead; hire the next step to match your company's growth pace.
Document Systems Consistently
- Write down processes early and update them consistently to keep your team aligned as you grow.
- Use tools like Notion to document key processes without over-detailing everything.
Delegate and Train Effectively
- Delegate tasks to others; you can't do everything yourself if you want to scale.
- Train your team well and be patient with their learning curve to avoid costly mistakes.
