Preparing Your PM Business for an Additional Location: How to Grow without Acquisition

Are you ready to expand your property management company into a new location? It’s great for growth, but if you’re not already known in that new market, how do you generate business without acquiring a local company? This week on The Property Management Show, Alex talks to Jason Rose, who shares everything he knows about opening a property management company in a new location. (By the way, if you’re still not sold on the value of Business Development Managers (BDMs) in property management, you should know that Jason’s company grew by 945 doors in one year thanks to the work of six BDMs.) People and Processes in New Locations Don’t even think about opening a new office without the right people and processes in place. Jason and Alex talk about the importance of being a good business leader and making sure your processes are scalable and reproducible. Logistics in Opening a New Location Check out the podcast to find out how much cash is needed and who you’ll need to hire. Jason gives you a whole blueprint, advising: $200,000 to get the show started. A goal of picking up at least 150 doors in year one. Building relationships that will bring in business. Arriving at 500 doors by the end of year three. Read the full article here: http://fourandhalf.com/how-to-grow-without-acquisitions And, if you’re in Australia make sure you check out our new Fourandhalf location in Perth and online: http://fourandhalf.com.au