Oftentimes beginning and seasoned investors look for a quality investment for several months before they finally find the building they want. Then, sadly, they make a major mistake. They did everything else right. They negotiated a great buy. They inspected the property very carefully. They got the best financing available and so on. Then, after doing all of that right, they neglect the management plan. In this course, Steve walks you through the key elements of the management plan so you can maximize your cash flow and explode your net worth.
Introduction
Role, Responsibilities, and Authority of the Management Company
- How to Interview and Select a Property Management Company
- The Management Agreement
- Accounting and Reporting Procedures/Expectations
- Management Training Programs
Operations Plan
- Personnel Policy and Staffing Structure
- Training Programs
- Leasing, Rent Collection, and Occupancy Standards
- Lease Termination and Eviction Processes
- Customer Service Plan
Marketing Plans and Procedures
- 5 Most Common Marketing Pitfalls and How to Avoid Them
- Executive Summary
- Organization Analysis
- 4 Steps of Multifamily Marketing to Keep Your Property Occupied
- SWOT Analysis
- Business Environmental and Competitive Analysis
- Resident Analysis
- The Marketing Mix
- 10 Reasons Some Marketing Campaigns are More Effective than Others
- Marketing Alliances
- Sales Training Programs
- Budgets
Operating Budget and Forecast
- 8 Easy Ways to Increase Income
- Physical Appearance Analysis
- Expense Analysis
- Accounting and Reporting Procedures/Expectations
- Management Training Programs
- Management Compensation
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