“Not clear about my current Property Management Profit margins” 

The RED solution

Sometimes work gets in the way of best practice and it can be easy to take your eye off the ball and not notice changes in your business. Do you REALLY know how much profit your PM Department generates? You may be aware of the number of Managements at any one time, but what is the Annual Management Income of your properties and how do your outgoings stack up? How much is your PM business costing you and what is the likely return on that investment?

You need to

Join Rent Roll Coaching – Stream 1 and 2

The Rent Roll Coaching Streams will guide you through the best structure to adopt for maximum growth and profit and will help you scale your human resources to ensure that work is undertaken effectively and with minimum stress. You will also learn how to drive high performance in your team and how to create loyal Landlords – all factors which contribute to profit.


Stream 1:

Property Management Business Operations. Help your Property Management team to become more efficient, manage more properties, and embrace modern service delivery that will save your team precious time and make it easier for Landlords and Tenants to do business with you.

 

Stream 2:

Property Management Leadership and Management. Stream 2, we’ll be focusing on a very large and often missing component of running a Property Management business – Leadership and Management. We’ll give you the tools and the knowledge you need to manage the performance of your team.

 

Have a confidential discussion with a RED Broker

Get an Opinion on the current market value of your Rent Roll so that you can make an informed decision about the money you invest in the Department.

 

“Is my wage bill too high and am I over/under resourced”

The RED solution

It is impossible to tell how effectively your PM team are operating without having a clear idea of what processes they use and how effectively they conduct themselves. Running a Diagnostic will give you the clearest picture possible of where you stand and what issues need to be actioned or addressed. This information will highlight skill gaps and assist in determining whether your staff and skill levels are adequately serving your business and contributing to, or acting as an impediment to you reaching your business goals.

The Rent Roll Coaching Streams 1 and 2 focus on structuring your Department for best effect and how to scale your human resources and combine the right people with the right jobs. It will also highlight how to drive high performance in the Team and flowchart and document your processes for improved efficiency. This helps alleviate any tendency to over-resource and ensures that you have a functional and manageable team.

You need to

Undertake a Diagnostic

In a Rent Roll Business Diagnostic, we interview your team members, gather data and analyse the results. The information provided to you with a Diagnostic, will highlight skill gaps and assist in determining whether your staff and skill levels are adequately serving your business and contributing to, or acting as an impediment to you reaching your business goals.





 

Join Rent Roll Coaching – Stream 1 and 2

The Rent Roll Coaching Streams will help you scale your human resources to ensure that work is undertaken effectively and with minimum stress. You will also learn how to drive high performance in your team.







Stream 1:

Property Management Business Operations. Help your Property Management team to become more efficient, manage more properties, and embrace modern service delivery that will save your team precious time and make it easier for Landlords and Tenants to do business with you.

 

Stream 2:

Property Management Leadership and Management. Stream 2, we’ll be focusing on a very large and often missing component of running a Property Management business – Leadership and Management. We’ll give you the tools and the knowledge you need to manage the performance of your team.

“What level of Profit should I be making?”

The RED solution

Whilst some people will consider that there is never too much profit to be made – this may come at a cost to the business in other ways. There is no point in making money on one hand, when you are losing it just as quickly on the other. We suggest doing an X-ray on your business by getting a Rent Roll Diagnostic this will identify issues stunting profits. Building a Rent Roll should also be focused on building the business asset. Having a clear idea of the value of your business will help guide you in making better business decisions and an Opinion of Market Worth is the best way to access the factors that relate to the value of your Rent Roll. Our Business Brokers will help you understand what your Rent Roll is worth, and very importantly – what you need to do to maximise the value.

Rent Roll Coaching will take you through the Operational requirements of a Rent Roll and help you identify where things go wrong so that you don’t lose Managements as quickly as you bring them on. Working effectively and efficiently is what contributes to Profit.

You need to

Undertake a Diagnostic

A Rent Roll Business Diagnostic is an independent, thorough x-ray of the Rent Roll Business which will determine the gaps in financial performance and Rent Roll growth potential, amongst other things.





 

Request an Opinion of Market Worth

An Opinion of Market Worth is the best way to access the factors that relate to the value of your Rent Roll.






Join Rent Roll Coaching – Stream 1

Property Management Business Operations. Help your Property Management team to become more efficient, manage more properties, and embrace modern service delivery that will save your team precious time and make it easier for Landlords and Tenants to do business with you.





“I am not making a Profit from Property Management – why?”

The RED solution

If you are asking this question – you are not alone! Profit can be eroded in so many ways. It may be that your team are working inefficiently, your communication with Landlords could be very poor and you may even be discounting your services far too readily.

In order to clearly understand where your Department is going wrong – you need to start with a Diagnostic. Enlisting the assistance of a RED Mystery Shop can also highlight some glaring issues as to why you are not winning listings – even if you are getting referrals.

RED Genius’s resources and templates will help you implement efficient work practices that will help with increasing profit margins as well as keeping good staff motivated and engaged.

The Rent Roll Coaching Streams 1 and 2 focus on structuring your Department for best effect and how to drive high performance in the Team. Improving efficiencies is one of the best and easiest ways to make a profit and gives your PM team the time to concentrate on building and nurturing relationships with Landlords and Tenants.

You need to

Undertake a Diagnostic

A Rent Roll Business Diagnostic is an independent, thorough x-ray of the Rent Roll Business which will determine the gaps in financial performance and Rent Roll growth potential, amongst other things.





 

Have a RED Mystery Shop

The RED Mystery Shopping Service is an excellent way to find out what happens in your own business, to ensure that you don’t lose opportunities for increased revenue at the crucial stage of a first enquiry in both your Property Management and Sales Departments.







Access RED Genius

RED Genius provides you with resources, including templates, for improved systemisation.







Join Rent Roll Coaching – Stream 1 and 2

The Rent Roll Coaching Streams will guide you through the best structure to adopt for maximum growth and profit and will help you scale your human resources to ensure that work is undertaken effectively and with minimum stress. You will also learn how to drive high performance in your team and how to create loyal Landlords – all factors which contribute to profit.







Stream 1:

Property Management Business Operations. Help your Property Management team to become more efficient, manage more properties, and embrace modern service delivery that will save your team precious time and make it easier for Landlords and Tenants to do business with you.

 

Stream 2:

Property Management Leadership and Management. Stream 2, we’ll be focusing on a very large and often missing component of running a Property Management business – Leadership and Management. We’ll give you the tools and the knowledge you need to manage the performance of your team.

 

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