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The Latchel Property Management Podcast

Business

Ep 35: How PMs Can Reach 25% Profitability & Beyond in 2021

2020-12-21
Download

We sat down with Founder/CEO of PM Profit Coach, Daniel Craig to dive into the details of profitability.

Daniel has worked with clients to increase their profitability into, or well beyond 25% profitability. For reference, the industry average is 6% profitability. 

The session outlines: 

  1. Why profit margins are typically so low, and how to rise above the average.
  2. 6 "Do or Die" metrics to be measuring in your business. 
  3. Where to find and how to work with the NARPM accounting standards.

Daniel is also giving away a FREE forecasting tool to make 2021 your most profitable year in business. Details are at the end of the session. 

To view the video version of this session with visual slides, click here. 

Want more on profitability? Download our white paper detailing actionable items to implement in your 2021 strategy here. 

view more

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Ep 34: Multiplying Yourself - Hiring Effectively to Maximize Efficiency and Minimize Turnover
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Ep 33: Creating a Transformative Social Media Strategy
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Ep 32: The Essentials of Third Party Property Condition Reports
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Ep 31: 25 Income Streams for Your PM Business with Marc Cunningham
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Ep 30: Increasing Revenue Per Unit with Second Nature's Air Filter Delivery
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Ep 29: The Amazon Approach to Resident Service
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Ep 28: What Property Managers Need to Know About the Future of Smart Home Technology
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Ep 27: How to Choose the Right Maintenance Vendors to Support Your Business w/ Kathleen Richards
2020-08-26 62
Ep 26: How North County Property Group Has Become a Top PM Company In a Large Market
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Ep 25: Contactless Solutions: Running Remote Inspections with RentCheck
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Ep 24: Communication Technology - Closing the Gap with Residents & Teams
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Ep 23: Make Maintenance a Profit Stream & Never Take a Maintenance Call Again
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Ep 22: Resources and 2020 Predictions in Property Management with AAOA
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Ep 21: The Doorpreneur - Building Your Property Management Company to Scale
2019-12-19 102
Ep 20: Spark Rental's FIRE (Financial Independence through Real Estate) Courses & Landlord App
2019-12-16 50
Ep 19: Top Ways to Increase Net Income of Your Rental Property with Al Williamson of Leading Landlord
2019-12-10 55
Ep 18: Launching Growth with a Cutting Edge Take on Virtual Assistants
2019-12-02 52
Ep 17: Why NARPM is So Vital to the Growth of a Property Management Company
2019-11-21 56
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