HOW TO FIX THE FOUNDATIONS IN YOUR BUSINESS

In the world of property management, success hinges on solid foundations. Yet, many of us find ourselves celebrating wins prematurely, only to realise later that our business is not as sturdy as we thought. I share how to fix up those shaky foundations and build processes and procedures that pave the way for growth and success.

“I brought in a hundred new managements one year and I think I lost 97. So I started celebrating and then I was quickly put on the brakes and realize that celebration wasn’t actually appropriate, given the numbers that I actually had inside my own business.”

It’s a familiar tale for many property managers. Success can be fleeting if the underlying structures aren’t sound. So, let’s dive into how you can fix those shaky foundations and set your business on the path to sustainable growth.

n the realm of property management, adherence to processes and procedures is paramount. While there’s a myriad of compliance requirements, focusing on foundational processes can set the stage for success.

Setting new team members up for success begins with a great onboarding process. You can uilise training videos or online courses to streamline the hiring into your business. Tools like Loom or ScreenFlow can simplify the creation of training materials, ensuring consistency and efficiency.

Leasing properties efficiently while maximising rental yields requires attention to detail. From professional property listings to stringent applicant vetting processes, every step contributes to a successful lease. Consider incorporating video walkthroughs and personalised touches to enhance the leasing experience for both tenants and property owners.

Routine inspections are not just about compliance; they’re an opportunity to deliver exceptional customer service. Invest in thorough inspection reports and consider leveraging technology, such as AI-powered maintenance management systems, to streamline processes and improve tenant satisfaction

Your online presence is often the first point of contact for potential clients. Auditing your digital profile and optimizing prospecting tools are crucial steps in attracting and retaining business. Leverage technology to your advantage, investing in tools that streamline operations and enhance customer interactions.

With tools like DocuSign, you can streamline your entry condition reports and lease agreements effortlessly. Utlise templates and automated reminders, this helps ensure that important documents are signed and returned promptly, eliminating the risk of delays and oversights.

Investing in robust property management software can revolutionize your operations. Platforms like Inspection Express offer comprehensive solutions for digital inspections, maintenance management, and tenant communication

Tappy, a cutting-edge maintenance software, integrates AI-powered troubleshooting and transparent communication. By automating work orders and providing real-time updates, Tappy simplifies maintenance management while fostering transparency and accountability

Embracing electronic filing systems eliminates the need for paper documents and filing cabinets. Utilise Google Drive or OneDrive, you can ensure secure storage and easy access to essential documents.

Project management software, such as Trello, provides visual, intuitive interfaces for task organization and project tracking. By creating dynamic Trello boards, you can streamline workflows, prioritise tasks, and monitor progress effectively. Tailoring your project management approach to visual learners enhances engagement and productivity.

Platforms like JotForm facilitate the creation of customisable surveys for gathering feedback from clients, tenants, and team members. By regularly soliciting input and insights, you gain valuable perspectives that inform process improvements and strategic decisions. Incorporating feedback mechanisms fosters a culture of continuous improvement and client satisfaction.

Auditing your digital footprint is essential for maintaining a strong online presence and reputation. Managing your Google ranking and online reviews, you can enhance visibility and credibility within your target market. Leveraging SEO expertise and digital marketing strategies can significantly impact lead generation and brand awareness

Your website serves as the cornerstone of your online presence and branding efforts. Optimise your website for user experience and search engine visibility, this will help attract and engage prospective clients. 

Social media platforms like Facebook and Instagram offer powerful tools for brand promotion and audience engagement. By crafting compelling content and leveraging targeted advertising, you amplify your reach and cultivate meaningful connections with clients and prospects. Consistent engagement and strategic messaging enhance brand visibility and customer loyalty.

In the ever-evolving landscape of property management, being adaptable is key! By addressing foundations, implementing systems and processes(SOPs), and embracing digital transformation, you can position your business for sustainable growth. Remember — success is not just about celebrating wins; it’s about laying the groundwork for a thriving future.

 

 

We would like to thank our Property Management Partners: