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The post Onboarding New Owners appeared first on Training Property Managers.

Robert Locke in Orlando offered the national NARPM conference a proven set of strategies for limiting litigation. The event was taken and reworked within the studio for those who could not be at the event.

This video series will resource your employees and office leadership to create policies and set procedures to mitigate litigation which is robbing your company of the joy and profits which are possible in property management.

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One Hour Breakout: Property Management is the kind of business which can gush profits. Everyone wants to grow their business and make lots of money. We all start a management business with high hopes, but eventually things get wormy. Alligators start growing bigger and bigger within our tenant and owner relationships. Eventually, these points of contention, points of crisis and relationship melt-downs turn into lawsuits. That's a problem because lawsuits are expensive. Very costly learning events! Monica Gilroy and Robert Locke explain how to maximize profits while limiting risk. There are ways to limit risk without running away owners. Sign up for this series and we will send you one video a week explaining these trade secrets and strategies to succeed without becoming a target of litigation.

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The post Building a Killer Lease Agreement appeared first on Training Property Managers.

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Managers often copy and paste from other’s agreements without realizing they’re handcuffing themselves to archaic language that only hinders them from being profitable and scalable as a management company. Agents often adopt their realtor association standardized agreement and don’t realize the limitations of the language in those agreements. Others just keep adding more and more stipulations in hopes of managing through their document instead of giving themselves the freedom they need to maximize profits and protect themselves.

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Here we examine the six building blocks of property management. Surprisingly, every property manager does the same thing, in the same sequence, no matter what part of the country they practice. Everyone does it a little differently but the processes are the same nationwide. This workshop examines the six major building blocks of the management business. We’ll examine the manager's Scope of Service, Model, Management Style, and build a Tenant Handbook, Owner's Handbook and define their company's Job Description. If you want to build a smooth-running profitable management company you must start with these critical building blocks.

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Once the tenant moves in, there are six processes to administrate. This workshop is all about managing the tenant after the move in, through the move out, and separation with the owner. This workshop is down-in-the-weeds as we’ll address day-to-day-tasks of managing the tenant, the money, the property, the owner, the move out and termination of the property/owner.

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55 Minute Video Training

After reading 100 lease agreements as a consultant I’ve figured out that although managers do this business very differently, there are common stipulations that belong in every lease regardless of your model or state regulations. Managers constantly add language that shouldn’t be there, language that complicates their processes and prevents them from being scalable, profitable and language that exposes them to unwanted litigation. Managers often copy and paste from other’s agreements without realizing they’re handcuffing themselves to archaic language that only hinders them from managing effectively. Agents often adopt their realtor association standardized agreement and don’t realize the limitations of the language in those agreements. Others just keep adding more and more stipulations in hopes of managing through their document instead of giving themselves the freedom they need to maximize profits and protect themselves. This is about building a killer lease agreement and is generic enough to fit every state and model. This breakout session was done at a NARPM national conference in San Deigo in October of 2018 by Robert Locke and attorney Monica Gilroy.

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How to structure your business to grow without growing pains

Everyone naturally builds their management processes to handle the number of properties they have today. Few realize that how they manage today, won’t work at double the size. What works at 50 MPH doesn’t work at 100 MPH. How you manage 300 houses doesn’t work at 500 houses. Just because it’s working today, doesn’t mean it will work if you grow.

So, how does a manager evaluate their systems and processes in anticipation of doubling their number of houses? Join us in this workshop and we’ll show you. This workshop addresses the issues of streamlining your agreements and systems so you can add another 200 properties without the wheels coming off. Being scalable is relevant to everyone no matter what size they are today.

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