In this episode, Bob Preston shares his top five ways to kickoff 2024 for property management businesses. He emphasizes the importance of strategic planning, organizational checkups, accountability and goals, kickoff meetings, and budget trimming. These steps are crucial for setting the direction, aligning the team, and optimizing resources for a successful year ahead.
Takeaways
- Create a strategic plan with a forecast and budget for the new year.
- Conduct an organizational checkup to assess the company's culture and alignment.
- Establish accountability and goals for every team member.
- Host a kickoff meeting to communicate expectations and review past performance.
- Trim 15% of the budget to optimize resources and achieve new profitability goals.
Chapters
00:00 Introduction and Overview of Bob's Five Ways to Kickoff 2024
03:08 Chapter 1: Forecast and Strategic Planning for the New Year
06:02 Chapter 2: Organizational Checkup
07:30 Chapter 3: Accountability and Goals
09:38 Chapter 4: Kickoff Meeting
10:35 Chapter 5: Budget Trim Challenge
13:01 Summary of the "Five Ways" and conclusion
Episode 80 Featured Sponsor: Second Nature
At Second Nature, we heart property managers. Because we know you’ve got the toughest job around. So we create new solutions and technology to make your life easier, while keeping residents and investors happy. It’s a triple win for everyone and it’s only from Second Nature.. Second Nature (https://www.secondnature.com/)
Shout-out to all of our fabulous Industry Icon Sponsors for supporting our show:
SureVestor (https://surevestor.com/)
Blanket (https://blankethomes.com/)
VPM Solutions (https://www.vpmsolutions.com)
RentScale (https://rentscale.com/)
APM Help (https://www.apmhelp.com/)
Upkeep Media (https://www.upkeepmedia.com/)
Second Nature (https://www.secondnature.com/)
zInspector (https://www.zinspector.com/)
Showdigs (https://www.showdigs.com)
Latchel (https://www.latchel.com)
Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/
This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.
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