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DGS 93: How I Almost Quit Then Found Joy in Property Management with Annemarie Sunde of Legacy Property Management LLC
Description
Toilets, tenants, and termites: Property management can be a tough business. Have you ever felt like giving up, only to find joy again?
Today, I am talking to Annemarie Sunde of Legacy Property Management. She paints a realistic and transparent turned pretty picture of property management.
You'll Learn...[03:00] Discovering Development Areas: Annemarie never wanted to be a realtor, but now has a real estate license.
[04:04] Dealing with the Scum of the Earth? Given an opportunity to get into property management, only to learn most property managers and tenants lack integrity.
[04:50] Origins of Legacy Property Management: Treating others with respect that leads to legacy with tenants, owners, and co-workers.
[06:10] DoorGrow's Time Study: Doing things that cause you stress and headaches. [06:30] Strategic and Futuristic Strengths: Started having fun thinking 20 years ahead about being on a beach and the business naturally growing.
[06:55] Cycle of Suck: Vicious circle of not-great properties, tenants, and owners.
[08:40] Business Model and Breaking 100 Doors: Fewer but healthier and fun properties that pay bigger yield.
[09:45] Seeking Clarity: Biggest problem growing and scaling business is blaming everyone and everything else.
[10:47] Tactical vs. Strategic: Entrepreneurs are visionaries; why do the tactical crap?
[14:26] Accidental Perfect Landlords: Owners who take pride in their property.
[15:16] Prospecting Channels/Methods: Lead gen from realtor referrals via classes, podcast, and online reputation.
[16:30] Some clients don't listen, follow the protocols, or get results. Do what you're told!
[17:48] Door Envy: It's not about doors, but whether you love your business and life.
[19:25] How do you turn your phone off at night? Do Not Disturb.
[20:35] Biggest Benefits of Seed Program: How to design a user-friendly Website, find clarity, ask for reviews, and create an online reputation.
[22:35] If you were to sell your business, what makes you valuable?
[25:07] Magical Mindshift: If you want people to invest in and spend money on you, be willing to do that for yourself.
[28:34] Memoirs of a Property Manager: What we go through managing owners.
TweetablesTransparency of Property Management Industry: Toilets, tenants, and termites.
Cycle of Suck: Dealing with scummy owners and tenants sucking you dry.
Entrepreneurs assume everyone else is like them. Nobody's like us. We're weird.
ResourcesNational Association of Residential Property Managers (NARPM)
TranscriptJason: 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 love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you'r