These videos expose the hazards to avoid with a Resident Rewards Package authored by attorney Monica Gilroy and national trainer Robert Locke RMP, MPM.
Trainers and vendors don't always understand the liability they expose their students and customers to when building a Resident Rewards Package. We've watched them evolve over the years and have had to litigate them so we know the tripping points.
In this series of videos we learn how to ‘turn a nickel-dime businesses into a money machine’ by generate revenue from residents, owners, and vendors without losing anyone. We address the contractual issues, policy issues, and challenge of implementation of new fees and charges. We address the ethical issues of who you disclose to, what you disclose, and when to disclose fees and charges.
In this class we learn how to ‘turn a nickel-dime businesses into a money machine’ by generate revenue from residents, owners, and vendors without losing anyone. We’ll address the contractual issues, policy issues, and challenge of implementation of new fees and charges. We’ll address the ethical issues of who you disclose to, what you disclose, and when to disclose fees and charges.
How to limit the legal vulnerability of your company
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.
For most property managers the onboarding process is haphazard, by the seat-of-the-pants and thrown together without much forethought. New managers (and veterans alike) have so many things to figure out that a great onboarding process gets pushed to the back of the to-do list to “someday we’ll figure it out” and, in the meantime, they miss out on lots of new owners.
Property Management is the least paying job within the real estate industry, but the job where you are most likely to get sued. Even lawyers stay clear of our industry because there is so much work for them with so little reward.
Robert Locke in Orlando offered the national NARPM conference a proven set of strategies for limiting litigation.
12 Video Series — There is no doubt that managers need experience before crafting their management agreements. There are issues of liability and revenue which must be addressed in the management agreement, or the business will suffer. In this twelve video series we address the primary issues, with examples, and lay out a plan for a well written document.
3 Hours of Video Training — After reading dozens of lease agreements as a consultant I’ve figured out that although managers do this business very differently. Many managers copy and paste from other’s agreements without realizing they’re not in conformity with the state laws. Agents often adopt their realtor association documents and don’t realize the limitations of the language in those agreements.
3 Hours of Video Training — The Management Agreement is the cornerstone of your business as it establishes your Style, your Lease Format, your Scope Of Service, Owner Handbook, how safely you’ll operate and how much money you’ll make. A properly written PMA will protect you from the hazards of the business, make you scalable and profitable.
60 Minute Video Training -- Crown Management had more than one tenant stay 20 years during their 35 year service in Atlanta Georgia. Watch this video to discover how to do that in your business and make much more money within your market.
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.
There are dozens of mistakes property managers make. Robert claims to have made all these mistakes and more! Monica Gilroy and Robert Locke have compiled a list of the Top Ten most common strategic errors, thy explain them and then give suggestions for avoiding those mistakes.
This is an online class, but it also will be setup as an email series.… Read the full descriptionRead More
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.
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.
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.
You can reduce property management to 10 processes starting with marketing to owners, and ending with owner terminations and Rent Recovery. Basically the entire process of listing, leasing and property management can be reduced and organized into 10 processes. After the overview of ALL these processes we go into detail of signing up new owners and setting up the tenant properly.
Most people stepping into the world of leasing (or property management) have a real estate license and by default think they can do leasing. After all, how tough can it be? This workshop begins with exposing to licensees just how hard it is to make the shift from sales to leasing and describes why sales brokers historically dislike the idea of having their agents involve themselves in leasing.
Sales agents never make decisions for their clients. They are practicing ‘Small a Agency.’ Property managers make lots of decisions for their owners but must also follow the many laws that govern the landlord- tenant relationship. Property managers practice what’s called ‘Big A Agency.’ Often the laws, and our agency relationship with the owner, are in stark contrast and managers have to say tell their clients no or that have no choice and must.… Read the full descriptionRead More