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A Simple Solution To Eliminate Landlord Paid Water Utilities In Your Property Management Business With Kal McDonough
Description
In this podcast episode, property management expert Jason Hull talks to Kal McDonough from True Submeter about how their product helps eliminate landlord-paid water usage and increase net operating income in rental units.
Kal explains how their product is different from competitors, how it works, and why property managers should consider using it to benefit both themselves and their clients.
You'll Learn…
[01:18] Introducing True Submeter
[04:06] A Submeter that uses WIFI?
[08:48] Tracking Usage in Multi-Family units
[10:24] Warranties and Replacements
[11:25] Early Warning Systems and Alerts
Tweetables
"True Submeter eliminates a middle ground and coordination with the tenant and the city."
"We have finally developed a significant product that is used across the country to eliminate landlord paid water usage and increase net operating income in rental units."
"A lot of owners are paying for their tenants' water usage."
"It also eliminates you having to kind of coordinate with the tenant, coordinate with the city. That's completely on us."
Resources
Transcript[00:00:00] A lot of owners are paying for their tenants' water usage. We have finally developed a significant product that is used across the country to eliminate landlord paid water usage and increase net operating income in rental units.
[00:00:17] Welcome Doorgrow Hackers to the DoorGrowShow. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing in business and life, and you're open to doing things a bit differently, then you are a DoorGrow Hacker. DoorGrow Hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you're crazy for doing it. You think they're crazy for not because you realize that property management is the ultimate high trust gateway to real estate deals, relationships, and residual income. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the bs, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. I'm your host, property management growth expert, Jason Hull, the founder, and CEO of DoorGrow. Now let's get into the show.
[00:01:18] My guest today is Kal McDonough. Did I say it right?
[00:01:22] Yes, you did. Jason, I appreciate you having me here today.
[00:01:25] Glad to have you. So Kal, you are with a company called what? What's the name of the company?
[00:01:32] True Submeter.
[00:01:33] True Submeter. Okay. So can you explain to us a little bit of background on yourself and how you got really excited about submeters?
[00:01:43] Yeah, absolutely. I'm a recent grad from the University of Minnesota and we started this company, me and my partner, in 2016 because we got interested in real estate. Now being so young, we didn't know how to start investing with nothing. We didn't have the capital to