Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

Dylan and Mike interview Jennifer Outland, the Regional Manager of Rand Property Management.  Key Information: Budgets should be consistently reviewed to create feedback loops with your property management company and your investing entity. Property Management first and foremost entails creating a positive resident experience Every month you should be reviewing budgets to compare actuals with the budgets and to see if there are areas that team members need further training on certain aspects of the business The biggest change in the last month for Rand Property Management is hiring Area Property Managers to help Community Managers with extra training and reporting When creating a positive resident experience treat each person like a guest (Ex: smile, move in baskets, giving residents undivided attention) Language dictates how you feel (Home instead of unit, Resident instead of  Tenant, etc). Net Promoter Score (NPS) asks: “On a scale of 1-10, would you refer your community to a friend to a colleague?” A good