#doorgrowshow - Property Management Growth

At DoorGrow, we love showing off the awesome entrepreneurial people we get to coach and work with every day. In today’s episode, property management growth experts Jason and Sarah Hull sit down with DoorGrow clients Jill Lyons and Alex Platt to talk about their journey in property management and with DoorGrow. You’ll Learn [03:00] Starting a journey with coaching [07:26] Finding support as an entrepreneur [12:18] The path to success is hard work [16:54] Getting out of the business [19:28] The importance of good company culture [21:20] The impact of coaching Tweetables “Done is better than perfect.” “The more valuable you are to your business, the less valuable your business is.” “If you don't mind working, you don't set up boundaries.” “Just being open to the thought and the idea is enough to make it work.” Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive TalkRoute Referral Link Transcript [00:00:00] Jason: The more valuable you are to your business, the

Being a business owner can be incredibly stressful at times, and property management entrepreneurs know exactly how stressful it can be. Today, property management growth experts Jason and Sarah Hull discuss how property management entrepreneurs can reduce and manage their stress. You’ll Learn [03:07] Why property managers are so stressed [12:18] The secret to stress relief is… going for walks! [13:42] The magic of mini breaks [19:42] Taking care of your physical health to reduce stress [22:52] You put too much pressure on yourself [27:41] The problem with starting multiple businesses Tweetables “You put up with whatever situation you create.” “The beautiful thing about having a business is that you can create the business. You can build it around you and you can structure it in a way that allows you to reduce your stress, especially once you start to build a team.” “The business can take as much of you from you and your life as you're willing to allow it.” “In order to have more than one successful business,

Last time we talked about the difference between cold and warm leads. So how do you take this information and use it to grow your property management business? Join property management growth experts Jason and Sarah Hull as they reveal the top strategies and DoorGrow secrets for growing a property management business. You’ll Learn [01:09] Strategy 1: The Neighbor Strategy [07:33] The 3 kinds of neighbors to target [11:59] Strategy 2: The Review Strategy [16:26] Strategy 3: Real Estate Agent Referrals [20:26] Strategy 4: Presenting to Groups [25:32] Strategy 5: Product Research Interviews Tweetables “Not all leads are equal.” “There is just so much abundance, and if you put yourself in a scarcity mindset, you're going to experience that for sure.” “There is no shortage of business if you're a property manager.” “This like scarcity mindset, we have to kill it. We have to get out of it.” Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive TalkRoute Referral Lin

Do you know the difference between cold and warm leads? If not, it could be costing you thousands or tens of thousands of dollars… Join property management growth experts Jason and Sarah Hull as they reveal the ugly truth of using internet marketing and pay-per-lead services. Learn the difference between warm and cold leads and how to attract more warm leads in your property management business. You’ll Learn [02:46] What’s the Difference Between Warm and Cold Leads? [06:28] What are the Problems with Cold Leads? [14:14] How to Get Warmer Leads Tweetables “The difference between a cold and warm lead is that they know you, trust you, and like you.” “Cold leads are only good when they come in for maybe about the first 10-15 minutes.” “Sales and deals happen at the speed of trust.” “Not all leads are equal.” Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive TalkRoute Referral Link Transcript [00:00:00] Jason: One of our clients came to us, and we said, "what h

Michael Sullivan is a property management entrepreneur who has grown his business to 275 doors. Join property management growth experts Jason and Sarah Hull as they chat with former DoorGrow client Michael Sullivan to learn about his experience starting and growing a property management business. You’ll Learn [01:44] Getting started in the property management industry [07:49] Growing a property management business [24:01] Having support and feeling fulfilled in the business [28:13] Growing and scaling to the next level Tweetables “To go faster, you need to invest the currency of cash if you want to get more of the other currencies and to get the business to the next level.” “If you're not making mistakes, you're not learning.” “A lot of us business owners, we have a bit of ego.” “Being an entrepreneur can be one can be very lonely, and it is really important to have people in the same industry kind of in your village.” Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub

How do you decide to differentiate yourself and your business from your competitors? There’s only so much you can offer to owners and tenants before you completely burn yourself out. What if there was a way to benefit you, your client, and the tenants all at the same time while increasing your profit margin? Join property management growth experts Jason and Sarah Hull as they chat with Andrew Smallwood from Second Nature. Learn how a resident benefits package can create a win-win-win scenario for you and your clients. You’ll Learn [04:56] Is it Possible to Double Profit Per Door? [07:13] What is a Resident Benefits Package? [21:37] Ways to Protect Your Investors/Owners [25:19] The Pitfalls of DIYing Resident Benefits Packages [32:07] Increasing Profitability with Resident Benefits Packages [39:31] At What Stage Should You Implement a RBP Tweetables “Property managers don't just have one problem. They have a thousand.” “If we can move the needle just slightly to increase revenue, but also just slightly to decr

Real estate agent referrals can be a great source for leads in a property management business, but this strategy is often challenging and confusing for property management entrepreneurs. Join property management experts Jason Hull and Sarah Hull as they dive into the world of real estate agent referrals and why they often don't work for property management entrepreneurs. Learn how to shift the focus from seeking referrals to creating impactful introductions that connect you with the right clients. You’ll Learn [02:24] The Problems with Trying to Get Referrals from Realtors [05:39] How to be Memorable to Your Clients [10:31] How Going Deeper can Land You More Deals [15:24] Challenges with Asking for Referrals [17:44] Don’t Make Realtors Sell for You + Building Confidence Tweetables “We have maybe three or four different bodies or parts of ourselves. We have our intuitive, we have our mental, we have our emotional, and we have our physical.” “What I found was they'll have a logical mental memory of something, b

Ever wondered what a Declaration of Independence document would look like for property management entrepreneurs? Jason did, so he fed ChatGBT his mission statement and core values. Join property management growth experts Jason and Sarah Hull as they go through The Property Management Declaration of Independence. You’ll Learn [02:44] Article I: Liberation from Limiting Beliefs [09:40] Article II: Autonomy from Bad Clients [11:54] Article III: Emancipation from Inefficient Processes [13:12] Article IV: Freedom of Experimentation [20:26] Article V: Independence Through Education and Collaboration [29:01] Article VI: Allegiance to Our Core Values [31:36] Article VII: Pursuit of Holistic Success Tweetables “There's few things that will steal more of your sense of autonomy and freedom than bad clients.” “If you have limiting beliefs, one of the best ways to get liberated from it is to just be around somebody that doesn't hold those same limiting beliefs for you.” “If you say, "Oh, it won't work because of this and

Working with amazing, hard-working property management entrepreneurs is what makes being a coach worth it. Join property management growth expert Jason Hull in today’s episode as he interviews DoorGrow client Jeff Garner. Jeff went from 150 to 420 doors in 4 months! Learn how he did it. You’ll Learn [02:35] Why would anyone get into property management? [12:40] Fixing the foundation of a property management business [15:14] Importance of culture in a business [25:05] Why you need a coach [27:34] Navigating operational issues  Tweetables “No matter what market we're in, it's good. If we're going to the moon, management's great. If we're crashing, it's even better because people can't sell their properties and they go, ‘Oh shoot, we'll turn them into rentals.’” "Go where they won't go and do what they won't do. That's where the money's at," “It all starts with your mindset.” “Weekly commitments, and you'll start to see the momentum build big time when the team are all visible and can be seen and there's account

With the real estate market shifting, more and more real estate agents are going to be starting property management companies. Is this you? If you are starting a property management business, this episode is for you. Join property management growth experts Jason and Sarah Hull as they discuss the best way to build the foundation of your property management business in the current market. You’ll Learn [01:18] The Trends in the Market and What They Mean [07:10] Why You Should Start a Property Management Business [10:09] Building the Right Foundation [15:03] The Product Research Strategy [17:39] The Next Steps for Your Business Tweetables “The biggest challenge usually getting started is just taking action to actually get the business going.” “When you're in that dreamer or that fantasy stage, a lot of times we are very good at looking at all the upside, and we're very good at ignoring the difficulties or the downside.” “Property management, like I mentioned in the intro, is the ultimate gateway to real estate d

The property management industry has been moving more and more towards automating tasks and processes in the last decade. Property management tools and software have improved drastically and continue to improve every year. In this episode, property management growth expert, Jason Hull sits down with Mo Hussein from Balanced Asset Solutions to talk about property management tools and systems. You'll Learn... [06:23] Why You DON’T Want Software that Does it All [10:27] Implementing a New Tool or System [20:40] The Cost of Hiring vs Implementing a New Software [28:04] The Most Effective Accountability System for Your Team Tweetables “Try to evaluate software from a very objective type of lens. At the end of the day, it is just a tool.” “You don't see an amazing handyman or you know, vendor or somebody that's going to do some work, show up with a, just a multi-tool. Like where's your toolbox?” “There's no such thing as one product that's going to do everything extremely well.” “The humbling experience every busin

The property management industry has been moving more and more towards automating tasks and processes in the last decade. Property management tools and software have improved drastically and continue to improve every year. In this episode, property management growth expert, Jason Hull sits down with Mo Hussein from Balanced Asset Solutions to talk about property management tools and systems. You'll Learn... [06:23] Why You DON’T Want Software that Does it All [10:27] Implementing a New Tool or System [20:40] The Cost of Hiring vs Implementing a New Software [28:04] The Most Effective Accountability System for Your Team Tweetables “Try to evaluate software from a very objective type of lens. At the end of the day, it is just a tool.” “You don't see an amazing handyman or you know, vendor or somebody that's going to do some work, show up with a, just a multi-tool. Like where's your toolbox?” “There's no such thing as one product that's going to do everything extremely well.” “The humbling experience every busin

DoorGrow recently partnered with Rocket Station VAs, a company that goes above and beyond finding the right virtual assistant for your property management business. Property management growth expert Jason Hull brings back Greg Brooks to talk about the new relationship between DoorGrow and Rocket Station and what’s next for hiring in the property management industry. You'll Learn... [01:45] Why an Operator is the Most Important Hire [05:02] Rocket Station’s Unique Process Mapping and Training [12:56] Why You Should Hire Virtual Assistants [15:11] Vetting and Filtering Hiring Candidates [21:25] The Kinds of Team Members PMs Need Tweetables “One of the big challenges that our clients have is they need operators. Like, this is the most important hire I think that any business will ever make.” “Most businesses don't even have a decent operator.” “A lot of the property managers out there, like if you wanted to map out your processes and systems and you were real operations-driven, you would've done it.” “If you're

DoorGrow has changed a lot in the last few years. We’ve added tons of new features and perks for our clients as well as new coaches… including Sarah Hull, COO and property management growth coach. Join property management growth experts Jason and Sarah Hull to learn more about Sarah’s role at DoorGrow, operations, and how you can scale your property management company. You'll Learn... [02:47] Sarah’s Property Management Experience [05:19] Improving Operations and Cutting your Staffing Costs in Half [15:38] Why You Need an Operator in Your Business [22:02] Personality Types and Their Roles in a Business [27:24] The Clue that You Need a Better Team Tweetables “You can't build the right team around the wrong person.” “Here's the clue that you don't have the right team: your day-to-day is something you don't enjoy doing every day.” “Is the bruised ego worth a better, more profitable business that takes, a lot more off your plate and is less stressful?” “The most important person you'll ever hire in your business

Have you heard about the multifamily market oversupply that’s been increasing since the undersupply during the COVID-19 pandemic? In this episode, Jason chats with John Carlson, President of Mark-Taylor Residential about Insight on the multifamily market oversupply. Mark-Taylor Residential has currently an inventory of 22,000 units and over 34,000 residents, being a multifamily leader in Arizona. You'll Learn... [06:33] What is the Multifamily Market Oversupply? [14:44] The Fundamentals of Real Estate and Property Management [20:05] Why Property Managers Need Their Own Portfolio [25:11] What will Happen to the Market Next? Tweetables “If you're that light, people are going to be reaching out to the light when it gets dark.” “Property managers, they have no concern about being the bad guy. They're totally cool with making sure that things work and running it like a business.” “You have to make sense of the market.” “I think it's a smart move that every property manager should be also building up their own inve

Too many property management entrepreneurs tolerate bad clients. They subject their team to crappy owners and are often miserable.  In this episode, property management growth expert Jason Hull explains how property management entrepreneurs can deal with bad owners and prevent bringing them on in the first place. You'll Learn... [04:03] What is a Bad Client? [09:50] Why Bad Clients Lead to Bad Team Members [10:43] You Need to Punch Your Clients! (Figuratively) [15:36] How to Prevent Bad Clients [24:57] Creating Processes to Get Better Clients Tweetables “If you cannot figure out how to make them into a good client, then you need to let them go.” “You get what you tolerate.” “If you just ate ramen, or you just tighten the belt a little bit, you might be able to let go of that bad client or those bad doors right now.” “If you are tolerating a bad client and you have team members, then you're not taking care of your team.” Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub

If you are a property management entrepreneur, you have probably experienced isolation. Being an entrepreneur is often a lonely profession, but it doesn’t have to be. In this episode of the #DoorGrowShow, property management growth experts Jason and Sarah Hull discuss why every property manager needs a tribe to keep them accountable and celebrate their wins. You'll Learn... [01:45]  Don’t Surround Yourself with Negative People [06:30]  The Isolation of Entrepreneurs [12:45]  The Benefits of In-Person Events [17:11]  Why DoorGrow Spends 6 Figures Annually on Coaching [20:00]  Don’t Try to do Everything Yourself! Get Support [30:34]  When Someone Else Knows What You Need Better Than You Tweetables “Sometimes what's constraining us in growth is something so simple and obvious that somebody else could see.” “Your growth will be very limited if you are surrounded all the time with toxicity and negativity.” “You need to be around people that don't believe your excuses and that can see your limiting beliefs.” “It's

Many property management entrepreneurs struggle to document their processes, and this leads to an overall lack of efficiency in their businesses. Documenting processes helps business owners streamline the day-to-day and reduce interruptions from team members. Join Jason as he chats with Greg Brooks from Rocket Station regarding process mapping and how it can be used to benefit your property management company. You'll Learn... [04:10] What Process Mapping is and Why You Need it [10:35] How to Document Your Processes [16:15] Why You Need to Focus on YOU not the Business [22:40] What Rocket Station Does Tweetables “Every entrepreneur can double their capacity by getting a really good assistant.” “It's very common that we focus so much on the business and we don't focus on what we need.” “As the business grows, the biggest constraints in the business are where there should be the most attention.” “The process is always needed where we feel the biggest bottleneck or where we're feeling the most struggle.” Resource

Do you feel confident about your current maintenance processes? Maintenance is an area where plenty of property managers struggle with client satisfaction. In this interview, Jason speaks with Ray Hespen, CEO and co-founder of Property Meld about how tracking key metrics can be an incredible way to identify areas of improvement within your maintenance process. In turn, this can improve resident satisfaction, increase owner retention, and lower maintenance costs. You'll Learn... [03:40] How Metrics Can Help You Improve Client Experience [09:35] Maintenance Analytics you Need to Pay Attention to [14:50] The Maintenance Hierarchy of Needs [21:47] A New Tool for Tracking Maintenance Stats Tweetables “Oftentimes it's really hard to see what you need to fix next until you progress to that next stage and stuff breaks.” “In most areas of business, there's a lot of myths and ideas around what creates a good experience or what actually creates retention.” “Just because they don't love you doesn't mean they're going to

On this week’s podcast episode, we brought back a guest we’ve had on the #DoorGrowShow before, Joe Edgar from Tenant Cloud. Property management growth expert, Jason Hull sits down with Joe Edgar to talk about the many new features that have been added to Tenant Cloud to benefit property managers and what is next to come for the software. You'll Learn... [01:35] An Introduction to Tenant Cloud [06:44] The Different Systems PMs Need [14:11] Integrating Different Property Management Tools [17:36] Tenant Management and Roommates  [27:43] Accessing and Transferring your Data [31:55] Are Completely Remote Showings the Future? Tweetables “Listings are important because of course, as soon as you have a rental, what do you need? You need a tenant. Nothing worse than vacant property.” “So there's a relationship in all of those that you really have to harbor and that's where making sure you're connected to your tenants and you're connected to managing service for them is important because then they will reach out to you