Focus on Quality over Quantity

In this podcast episode, Pete Newbig discusses the importance of prioritizing quality over quantity in property management. He shares his own experience of initially taking on any and every property, only to realize later that some properties were causing more headaches than they were worth. He emphasizes the need to evaluate the quality of properties and owners, grading them from A to F based on factors such as property condition, owner cooperation, and time required for management. By cutting out problematic properties and focusing on those that align with their standards, property managers can improve efficiency, profitability, and team satisfaction.