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The Recent Economic Shifts and Property Management
Description
There was a recent event where the stock market plunged. Some are speculating about an impending recession. We're seeing the real estate market downturn in real time…
In today's episode of the #DoorGrowShow, property management growth experts Jason and Sarah Hull talk about the impact the current real estate market and economic downturn will have on property management businesses.
You'll Learn[02:10] The current state of the economy
[10:00] The real estate market and leasing challenges
[21:07] Having empathy in property management
[25:03] Real estate investing in a recession
Tweetables"In every single recession, new millionaires are made and this is an opportunity for that to happen."
"Those that have built that ark so to speak, like Noah did, are prepared for the storm. They're ready. They're just going to float through it instead of drown."
"We always have to remember that property management is a relationship business."
"One of the most magical, impactful ingredients that you wouldn't think has an impact in getting people to move or do things or to take action is empathy."
Resources Transcript[00:00:00] Sarah: If you want to be in doom and gloom and "the sky's falling and I'm never going to make any money" then you're absolutely right. But if you want to look at the opportunity that is staring you in the face and say, "what can I do with this and how can I capitalize on this?" that is where millions are made.
[00:00:16] Jason: 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. 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 Hull, the owners of DoorGrow.
[00:01:22] Now let's get into the show. All right.
[00:01:27] Sarah: That was good multitasking there.
[00:01:29] Jason: You saw that? See.
[00:01:30] Sarah: I saw that. That was one time of you multitasking. So you are capable of it.
[00:01:35] Jason: That was hard, but I had that part of the intro memorized. I was putting my phone on do not disturb as I was reading and she decided to call it out. It's hard, right guys? It's hard for us to multitask. Women have us beat in this area.
[00:01:49] Sarah: Oh, yeah. Yeah, we dominate you here.
[00:01:52] Jason: Yeah, your brains are just wired