Evernest Property Management Show Episode 138: How to Become Your Client's Most Trusted Real Estate Advisor
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Dec 23, 2024 Lior Abramovich, Co-founder and CEO of Blanket, shares insights on reducing owner churn in property management. He highlights how Blanket's platform transforms property managers into trusted advisors with innovative tools like investor-focused dashboards and real-time sentiment analysis. Lior discusses the significance of proactive management strategies and data-driven insights for long-term success. He also emphasizes enhancing communication and relationships with clients to foster loyalty and growth in the property management sector.
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Early Real Estate Journey
- Lior Abramovich started real estate investing at 18 while serving as an Israeli Navy naval commander.
- He gained valuable experience in managing owner relations indirectly through a company handling built-to-rent homes.
Owner Churn Threatens PMs
- Owners churn rates as high as 30% annually threaten property management businesses.
- Merely adding more leads is insufficient to solve churn; proactive solutions are needed.
Leverage Data Dashboards
- Use a property retention and growth platform to address owner churn and portfolio growth effectively.
- Provide owners real-time data on property performance via dashboards without manual input.