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Common Pitfalls for Property Management Seekers with 1 to 50 Doors
Description
After getting past the pure startup phase, property management entrepreneurs begin to face new challenges. Whether you have 1 door or 50 doors, you probably experience similar problems and fall victim to common mistakes.
Property management growth expert Jason Hull explains the common pitfalls and challenges that "seekers" face in the property management industry.
You'll Learn…
[01:12] Seekers: the Next Phase of Being a Property Management Entrepreneur
[03:14] Falling Victim to Franchises
[04:34] Learning the Ropes: Product Research Interviews
[07:16] Getting that First 50 Doors
[08:11] Becoming an Expert in Your Field
[11:47] How to Collapse Time and Avoid Wasting Tens of Thousands of Dollars
[12:32] Getting the Right Kind of Leads
Tweetables"One of the big challenges: you don't know yet what you don't know at this stage."
"Get educated because the more educated you are, the more of authority you are"
"If you are a decent human being, you will experience imposter syndrome. Every entrepreneur goes through this state."
"Remember, nobody wants to buy property management from you. What they really want to buy from you is peace of mind or safety and certainty."
Resources Transcript[00:00:00] Remember, nobody wants to buy property management from you. What they really want to buy from you is peace of mind Welcome DoorGrow Hackers to the #DoorGrowShow! 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 your life, and you are open to doing things a bit differently than 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.
[00:00:48] At DoorGrow, we are on a mission to transform property management businesses and the business owner. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market and help the best property management entrepreneurs win. I am your host property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now let's get into the show.
[00:01:12] So on a previous episode, we started talking about this journey that the entrepreneur or the property management entrepreneur business owner goes through. And we started with the pure startup. The zero door crowd. So today we're going to get into the next level. It's barely beyond that. It's like one door beyond that. Like they've actually started. And these, I call seekers. Why? Because they are seeking a lot. They're seeking a lot of knowledge. They don't know a lot. They're trying to figure out like what they need to do. They're trying to get over all sorts of challenges. So when you first start taking action, that's a big leap. It's difficult. So a lot of times these might be-- and if this is you, you're likely a realtor, maybe with a few rental investment properties of your own. Maybe you have a little bit of experience managing properties for yourself, or maybe a little bit for others.
[00:02:14] These seekers are not yet even aware of how painful and toug