EP 245: When Should You Stop Self Managing (Minisode)
Feb 22, 2022You might occasionally feel overwhelmed with your business, and start thinking that is the right time to stop self managing your properties; however, have you considered if this decision is going to really align with your lifestyle, business and aims?
In this Minisode, Liz and Andresa enlighten us with useful tips that will help you to clear up all doubts and questions you may have regarding managing your business or hiring a third party company to do it for you.
If you would like to discover when it is the perfect moment to stop self managing, this episode is for you!
Quotes
• “Are we the right team to manage that building? Or does it make more sense to hire that third party company.” (4:09 - 4:15)
• “People get nervous about hiring that third party company, because they're not going to take care of the property as much as you as the owner.” (6:25 - 6:32)
• “They don't trust the company or they don't trust that they're going to choose the right company?” (6:39 - 6:46)
• “ The question of building, building out and scaling a business, the question is, is it profitable? And how profitable is it? It's a really important question.” (8:05 - 8:13)
• “Anyone running property management should be exceptional at it, that should be their core business.” (8:26 - 8:29)
• “Doing what you're doing right now will get you where you want to be in five years?” (10:42 - 10:47)
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