PMX: Why now could be the best time to launch a property management business
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PMX: Why now could be the best time to launch a property management business
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Launching a property management business might seem risky in a tougher market, but the current conditions could create an opening for new agencies willing to do things differently.
On The Property Management Excellence (PMX) Podcast, Alex Whitlock is joined by Bairave Jeyasothy and Mignon Ahrns from Managed to explore why the current market could be an opportunity for property management start-ups despite the challenges facing the broader real estate sector.
The conversation looks at what it takes to stand out, with a clear point of difference, strong relationships and transparency emerging as key ingredients for agencies trying to win and retain owners.
Technology is another major focus, with the trio explaining how automation can help start-ups scale their rent rolls without simply adding more people, while the right training can ensure teams get the most from their tools.
They also examine the opportunity created when sales and property management teams work together, with stronger collaboration potentially turning existing relationships into new managements and helping agencies grow their rent rolls organically.