#DoorGrowShow - Property Management Growth cover image

#DoorGrowShow - Property Management Growth

DGS 240: Wearing too Many Hats in Property Management

Mar 8, 2024
Learn how property management entrepreneurs can escape the overwhelm of wearing too many hats by delegating tasks, building a strong team, and embracing the myth of cloning oneself. Discover the importance of hiring specialists, creating a positive work culture, and delegating tasks based on individual strengths. Explore strategies for efficiency, growth, and seeking help through mentorship and coaching in the competitive property management industry.
25:34

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Quick takeaways

  • Hiring specialists based on personalities improves team performance.
  • Delegating tasks to specialized roles boosts business growth and productivity.

Deep dives

Wearing Multiple Hats in Property Management Business

Property management entrepreneurs often start by doing every task in their business. They handle roles like maintenance coordinator, leasing agent, bookkeeper, CEO, and more. Initially, entrepreneurs tend to seek clones of themselves when hiring, leading to challenges. It's essential to hire specialists for specific roles and not assume that one person can handle all tasks.

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