Property Management Business

23. The Most Asked Property Management Questions with Marc Cunningham

Mar 26, 2024

Experienced property management expert Marc Cunningham tackles pressing listener questions, from self-running businesses to pricing strategies. He emphasizes the importance of policy manuals, maintenance handling, and security deposit disputes. Seeking to optimize services and enhance operational efficiency, Marc's insights offer valuable tips for property managers looking to elevate their business.

36:52

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Episode guests

Marc Cunningham

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Episode notes

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Quick takeaways

Balancing owner involvement in repairs to maintain property standards is crucial for efficient property management.

Offering discounts to owners with multiple properties can be a strategic business decision to enhance portfolio management.

Having policy and procedure manuals ensures operational consistency, compliance, and efficient property management processes.

Navigating security deposit disputes requires understanding state laws, documentation, and effective communication for fair resolutions.

Deep dives

Property Management Business Practices: Setting Realistic Expectations

Running a property management business on autopilot is unrealistic, despite claims. While systems and processes are crucial for efficiency, the business remains reliant on human involvement. Distancing from daily operations is possible but staying actively aware for quick intervention is key. Acknowledging the labor-intensive nature of property management leads to more realistic management approaches.

Introduction

4min

Navigating Property Management Dynamics

12min

Importance of System Manuals in Property Management Business

2min

Property Maintenance, Security Deposit Disputes, and Owner Involvement

13min

Exploring the Benefits of Switching to Rentvine Property Management Software

4min

Exclusive Property Management Training Event Announcement

2min

Do you lie awake at night wondering how to transform your property management business into a well-oiled machine? In this episode of the Property Management Business Podcast, host Marc Cunningham answers questions sent in by listeners. From exploring the feasibility of a self-running property management business to discussing pricing strategies for clients with multiple properties, Marc shares his insights and advice. Highlighting the necessity of policy and procedure manuals, the intricacies of handling maintenance, and navigating security deposit disputes. Whether you're pondering the automation of your business or seeking strategies to improve operational efficiency, Marc's answers, grounded in experience, aim to help property managers optimize their services and foster success. This is a great episode filled with expertise, valuable tips, and a fresh perspective on property management.

Visit RentVine.com today to discover how you can streamline your operations and elevate your service

In April, Marc will be in Florida for the NARPM broker-owner event on Amelia Island. Follow this link to sign up!

To find out more about Marc's coaching services click here.

Follow this link to spend 2 days with Marc and learn how to run a property management business

This podcast is produced by Two Brothers Creative 2024.

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Property Management Business

23. The Most Asked Property Management Questions with Marc Cunningham

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Property Management Business Practices: Setting Realistic Expectations

Pricing Strategy and Owner Discounts

Policy and Procedure Manuals for Effective Management

Owner-Led Repairs and Maintenance Practices

Security Deposit Disputes and Property Management Obligations

Software Recommendations and Business Optimization

Professional Development Opportunities for Property Managers

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights

Property Management Business

23. The Most Asked Property Management Questions with Marc Cunningham

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Property Management Business Practices: Setting Realistic Expectations

Pricing Strategy and Owner Discounts

Policy and Procedure Manuals for Effective Management

Owner-Led Repairs and Maintenance Practices

Security Deposit Disputes and Property Management Obligations

Software Recommendations and Business Optimization

Professional Development Opportunities for Property Managers

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

AI-poweredpodcast player

Discoverhighlights

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

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podcast player

Discover
highlights