Mon, 23 December 2019
Should you self-manage your multifamily portfolio? Or is it better to outsource to a third-party? If you do choose to outsource, what should you look for in a property management team?
Tony LeBlanc is the author of The Doorpreneur: Property Management Beyond the Rent Roll, a book that redefines the potential of property management businesses. Tony grew up inside the industry, watching his mother manage the building where he was raised. Ten years ago, he started his own property management company, and today, it is one of the largest on Canada’s East Coast and supports seven subsidiary businesses from landscaping to commercial cleaning to a real estate brokerage.
On this episode of Apartment Building Investing, Tony joins me to explain how he developed The Doorpreneur Way and what it meant for his property management company in terms of productivity and profit. He offers insight around how to hire a third-party property manager, what the ideal investor-property manager relationship looks like, and why it can be difficult to manage to a pro forma. Listen in for Tony’s innovative ideas for driving additional revenue and learn when it makes sense to self-manage your portfolio and when to outsource the job.
Tony’s extensive experience in property management
What inspired Tony to write The Doorpreneur Way
Tony’s advice on hiring a third-party property manager
The ideal relationship between property managers and investors
Tony’s approach to working with sophisticated investors
What makes it difficult for property managers to stay on budget
Tony’s Doorpreneur Model
Tony’s best practices for property managers
Innovative ways to increase revenue and reduce expenses
Tony’s insight around personal development practices
Connect with Tony LeBlanc