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DGS 81: Building Your Business and Team with Melissa Prandi of PRANDI Property Management
Description
Building your property management business and team can be challenging. As a business owner and entrepreneur, you are wired to fix problems. So, get out of the way, and hire people who have different skill sets to solve them.
Today, I am talking Melissa Prandi of PRANDI Property Management. Everybody in the National Association of Residential Property Managers (NARPM) knows her name. She helped establish it and has been in the property management business for 37 years.
You'll Learn...[03:13] Brand new baby, brand new company, but no bank loan.
[04:23] Beginning of NARPM and best practices for property management software.
[05:25] Solopreneur Sandtrap: Can only handle 50-60 doors before getting stuck.
[05:48] Team Sandtrap: Bottleneck of 200-400 doors when building a team, creating a culture, and systemizing processes become painful.
[06:33] How to build a team: Different personalities and skill sets.
[09:15] Success comes with your willingness to change.
[12:15] Good at growing the company and letting people grow or go.
[14:50] End-of-the-day (EOD) Report: Rate your day, workload, challenges.
[15:50] Working from home: Nobody can touch you; a physical disconnect.
[16:44] Modes of Communication: Basecamp, Voxer, and email. Analyze styles to know what tools to use.
[21:10] Entrepreneur's Ego: Nobody can do it as good as me.
[24:57] It's not always about business. Something's going on. What can I do to help?
[28:42] Face-time and morning connections to catch awesomeness and say thanks.
[31:30] Making mistakes and 'aha' moments; what did you do/should have done?
[34:15] Be a student and fan of what works, and be willing to fail. Never stop learning; speak and teach. Share your knowledge because people soak it up.
[38:20] Keep yourself well to be a good leader. Health is #1 thing to impact productivity.
[44:40] Reach out and lean on others who have been through the same things.
TweetablesSuccess comes with your willingness to change.
Be a student and fan of what works and be willing to fail.
To grow your business, you have to build a community. You can't do everything.
Listening to chipmunks all day long telling you what needs to happen.
ResourcesTony Robbins: DiSC Personality Test
Bluefishing: The Art of Making Things Happen by Steve Sims
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'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 wa