Episode Details
Back to Episodes
Doubling Profit Per Door with a Resident Benefits Package with Andrew Smallwood
Description
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 decrease operational cost, right, it's very easy to double profit margin in a business."
"It doesn't matter how many doors you have if you're not taking anything home."
"It's important for property managers to keep the main thing, otherwise it's so easy to get distracted as an entrepreneur."
Resources Transcript
[00:00:00] [00:00:00] Jason: If we can move the needle just slightly to increase revenue, but also just slightly to decrease operational cost, right, it's very easy to double profit margin in a business.
[00:00:15] 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're interested in growing in business and in 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.
[00:00:52] 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 along with Sarah Hull, co owner and COO of DoorGrow. Now let's get into the show.
[00:01:18] All right. So our guest today is Andrew Smallwood of Second Nature. Andrew, welcome to the show.
[00:01:25] Andrew: Hey, thanks for having me excited to be here.
[00:01:28] Jason: So we were talking beforehand and I was expressing how jealous I am of his amazing digital SLR camera. That's so zoomed in on his face. So you look really good today.
[00:01:37] Andrew: Well, we'll keep it on the face because I've still got some like s