Episode Details

Usually, paying attention to your body, mind, and health is the last thing you do when it comes to your business. It's time to focus on yourself first!

Today, I am talking to Tony LeBlanc, second-generation property manager and author of The Doorpreneur: Property Management Beyond the Rent Roll. Tony shares the keys to debunking the rent roll paradox when chasing doors to grow.

[03:00] Software Engineer Stint: Tech geek at heart that brings love of technology into property management space.

[04:30] What is rent roll paradox? Property management companies that constantly rely on getting new doors to grow their business.

[05:42] Chasing doors creates havoc and stress due to inefficiencies.

[08:45] Expanding Territories/Locations: The bigger and more geographically dispersed a business gets, the more opportunities arise that aren't taken advantage of.

[10:56] Would you want two doors making the same amount, or one door making same amount as two? One door, if the goal is revenue/profit, it's not just about adding doors.

[12:30] Premature Expansion: Go-to once a company reaches a certain size; anything premature is generally not a good thing.

[14:13] Entrepreneur's Journey: Everyone hits stagnation or desire for more. They get distracted by opportunity.

[15:11] Opportunities vs. Expansion: Think it through, be disciplined, and follow good habits before making the jump and knowing where you're going.

[17:40] Cycle of Suck: Bad owners, properties, reputation, and false scarcity.

[18:15] Property management is changing. It's future is a foundation full of opportunities.

[21:50] Dinosaur Dictators vs. Millennials Seeking Meaning and Purpose: Good property management can change the world.

[22:45] Tony's Aha Moment: We matter and play an important role in thousands of people's day-to-day life.

[28:30] Target on Back: How to deal with being overwhelmed as a property manager.

[32:14] When we create and have constraints, when we're limited in our time and attention, we innovate.

Growth doesn't happen by accident. Personal growth is gateway to business growth.

Chasing Doors: Is all you care about being introduced to new people, close deals, and get more doors?

Property management's growth is defined by doors that it turns down, not doors it gets.

Focus is power. Cut something out in your life to achieve something.

The Doorpreneur by Tony LeBlanc

Ground Floor Property Management

National Association of Residential Property Managers (NARPM)

Cycle of Suck

DoorGrowClub Facebook Group

DoorGrowLive

DoorGrow on YouTube

Jason: Welcome, DoorGrow hackers to the DoorGrow Show. 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 your business and life, and you are open to doing things a bit differently, then you are a DoorGrow hacker.

DoorGrow hackers are those that 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 businesses and their owners. We want to transform