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Mindset Hack: You Don't Have a Property Management Business
Description
If you have a property management business, and you struggle in a particular area, you might benefit from a small mindset tweak.
In today's episode of the #DoorGrowShow, property management growth expert Jason Hull talks briefly about figuring out what you need to focus on in your business.
You'll Learn[02:25] You might not actually have a PM business
[05:48] Getting clarity on the 6 core functions
[09:35] What should you be focused on in your business?
[12:18] Figure out what you have been neglecting
Tweetables"If you're doing long-term management, I want you to ask yourself the question, "What business am I really in?"
"You have to do what the business needs most, regardless of the customer."
"If you don't have a good planning system… you will always be focused somewhat on the wrong things."
"If you understand the game of business, it's always changing."
Resources Transcript[00:00:00] Jason: So you need to realize what business are you actually in right now? And a lot of times it's not the one you're focused on in this moment.
[00:00:08] Welcome DoorGrow property managers 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 in business and life, and you're open to doing things a bit differently, then you are a DoorGrow property manager. DoorGrow property managers 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.
[00:00:53] We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. We're your hosts, property management growth experts, Jason and Sarah Hall, the owners of DoorGrow. Now let's get into the show.
[00:01:12] So today you may notice in the background, I'm in a little bit different of a place. I am at an Airbnb. This is my Airbnb. So this is a rental property. And so we got an Airbnb at DoorGrow so that we could have client events. And bring clients in and do some little, small group things, masterminding things.
[00:01:33] And so I'm now experiencing what it's like to have a short term rental. And some of the challenges with that and the challenges with getting a management company to manage it and making sure our concerns are met. So i'm seeing all the different sides of this which is interesting. And some of you are old hats at this like you have way more experience than me at this stuff. So if you have tips, cool.
[00:01:56] Send me a DM and say, "here are the best tips about short term rentals." So what I've learned is it's primarily a cleaning game. Like this is one of the big things. It's about cleaning. It's about making sure you have a good cleaner. You have a good inventory. I want