The Property Management Show
How to Set Pricing for Your Property Management Company: Featuring Kathleen, The Property Management Coach
Aug 10, 2016
Property management guru Kathleen Richards discusses strategic pricing approaches, tiered pricing strategies, challenges of pet owners, and value-added services in property management.
00:00
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Property management companies can consider different pricing strategies like flat fees or percentage-based models to create competitive advantage.
- Implementing tiered pricing structures tailored to local market demands and offering additional services can enhance client satisfaction and business growth.
Deep dives
Setting Up Pricing for a Property Management Company
When establishing pricing for a property management company, new business owners can consider various approaches. They can observe competitors' pricing models to differentiate themselves or opt for a flat fee structure to quickly build their business, ensuring not to overcommit to services. Different pricing strategies include percentage-based fees, hybrid models combining monthly management percentages with additional service charges, and adjusting prices when taking over an existing company to gradually introduce changes.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
