Building your property management business and team can be challenging. As a business owner and entrepreneur, you are wired to fix problems. So, get out of the way, and hire people who have different skill sets to solve them.
Today, I am talking Melissa Prandi of PRANDI Property Management. Everybody in the National Association of Residential Property Managers (NARPM) knows her name. She helped establish it and has been in the property management business for 37 years.
Youâll Learn...
[03:13] Brand new baby, brand new company, but no bank loan.
[04:23] Beginning of NARPM and best practices for property management software.
[05:25] Solopreneur Sandtrap: Can only handle 50-60 doors before getting stuck.
[05:48] Team Sandtrap: Bottleneck of 200-400 doors when building a team, creating a culture, and systemizing processes become painful.
[06:33] How to build a team: Different personalities and skill sets.
[09:15] Success comes with your willingness to change.
[12:15] Good at growing the company and letting people grow or go.
[14:50] End-of-the-day (EOD) Report: Rate your day, workload, challenges.
[15:50] Working from home: Nobody can touch you; a physical disconnect.
[16:44] Modes of Communication: Basecamp, Voxer, and email. Analyze styles to know what tools to use.
[21:10] Entrepreneurâs Ego: Nobody can do it as good as me.
[24:57] Itâs not always about business. Somethingâs going on. What can I do to help?
[28:42] Face-time and morning connections to catch awesomeness and say thanks.
[31:30] Making mistakes and âahaâ moments; what did you do/should have done?
[34:15] Be a student and fan of what works, and be willing to fail. Never stop learning; speak and teach. Share your knowledge because people soak it up.
[38:20] Keep yourself well to be a good leader. Health is #1 thing to impact productivity.
[44:40] Reach out and lean on others who have been through the same things.
Tweetables
Success comes with your willingness to change.
Be a student and fan of what works and be willing to fail.
To grow your business, you have to build a community. You canât do everything.
Listening to chipmunks all day long telling you what needs to happen.
Resources
Melissa Prandi
PRANDI Property Management
NARPM
Tony Robbins: DiSC Personality Test
Basecamp
Voxer
Bluefishing: The Art of Making Things Happen by Steve Sims
EMDR Therapy
DoorGrowClub Facebook Group
DoorGrowLive
DoorGrow on YouTube
Transcript
Jason: Welcome, DoorGrow hackers to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGrow hacker.
DoorGrow hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think youâre crazy for doing it, you think theyâre crazy for not, because you realize that property management is the ultimate high-trust gateway to real estate deals, relationships, and residual income.
At DoorGrow, we are on a mission to transform property management businesses and their owners. We want to transform the industry, eliminate the BS, build awareness, change perception, and help the best property management entrepreneurs win. Iâm your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, letâs get into the show.
And today, I have a very special guest, Melissa Prandi. Melissa, welcome to the DoorGrow Show.
Melissa: Thank you. Iâm happy to be here.
Jason: Melissa, you are practically synonymous with NARPM, you helped found NARPM, you have everybody in NARPM knows you, and you have been involved in property management for how many years now?
Melissa: Thirty-seven years. March 27.
Jason: Thirty-seven years which is almost my entire life, right?
Melissa: You have to say that, yup.
Jason: Which is amazing. You have tons of experience, you are this phenomenal character and charismatic person. Everybodyâs been telling me I have to get Melissa on the show. Iâm really excited for you to be here. Maybe the place to start would be to why donât you share with everybody your story? How did you get started in property management all that time ago? What crazy idea popped in your head to make you decide that [...]
Melissa: Thereâs a lot of crazy [...]. I have to say I started in my company March 27, 1982 as a receptionist. I came in, all of my friends have gone off to college, I said, âIâm not going to afford to go to college. Iâm going to work three jobs.â So, I came in, that was one of my three jobs, I was a receptionist at a property management company. I worked there 5½ years. This is great because women love this part of the story. When I went out on maternity leave on a Wednesday at five oâclock, I went grocery shopping Thursday and Friday morning I went into labor. If you know where I live, Iâm in Marin County just north of San Francisco and I had to cross the Golden Gate bridge. I got to the hospital at 10 minutes to eight in the morning, I [...] 10 minutes to nine in the morning, said, âOkay, give me my [...] I have things to do with backup,â went home the same day.
Jason: What?
Melissa: Yeah. I had this new baby boy, Matt, many people know Matt, and Monday morning the owners of my company called and said, âWeâre going to sell this company. If you donât buy it, youâre going to be out of the job.â I didnât take too long. I said, âOh, you know. Hmm, I have a new baby. Hmm,â and Iâm going to have two new babies.
Sure enough, I made arrangements. I went to my dad and said, âDad, I want to buy this company.â He goes, âReally?â and I said, âYeah, I want to buy it.â He said, âAll right,â and I said, âWell, I need a loan.â He goes, All right, Iâll give you $3000.â But the [...] you canât do is go to a bank and get a loan, so I had to get very creative with this brand new baby and a brand new company. That was 37 years go.
Jason: That was quite the adventure. When an entrepreneur personality type is given a challenge like this, you had a clear outcome, clear objective, you were going to get that company and you had all of this pressure. Entrepreneurs in those moments, like we, light up and something magical starts to happen, right? And it work out for you.
Melissa: I guess so. [...] Iâm still sitting here and [...] NARPM, still doing property management.
Jason: Great. Maybe share a little backstory on how did NARPM come to be? How this this come about?
Melissa: Itâs an interesting story. I wasnât one of the original 100 that were in the charter of NARPM. A handful of people got together and they were actually exchanging software challenges. [...] own a software company at the time which is no longer, and they started talking about their best practices. They all kicked in money to start NARPM. Iâm 25 years in NARPM, so you can imagine thatâs pretty much a part of my life.
Jason: Quite a while. Our topic today is building your business and team. At your business, Brandi Property Management, I would imagine that you have a pretty awesome team after all this time. A lot of people this is a big challenge. Iâve talked about this on the show before but thereâs these two sand traps Iâve noticed in property management.
The first sand trap in growth is around 50 or 60 units. This is the solopreneur sand trap. Thatâs about as many doors as they can handle on their own and they get stuck. Sometimes, they back themselves into a financial corner, they donât have enough revenue to hire their first person, theyâre managing as much as they can handle, theyâre losing doors as fast as theyâre getting on, and theyâre stuck.
For those listening, if youâre stuck in that, talk to me. We can help you get past that. If you break past that 100 door barrier, I found that by default they end up in the next sand trap, which is the 200â400 door category. This is where itâs the team sand trap. This is where theyâre not building a team, theyâre trying to create culture, theyâre trying to systemize processes, theyâre trying to wrap their head around what they should be doing, and as they approach maybe 400â500 units it gets really painful because everybodyâs asking them for everything and they start to realize they are the number one bottleneck in the entire business, that everything they got them there they have to give up.
Iâm excited to talk with you because youâve dealt with this stuff and youâve seen this. Maybe you could share your perspective of what does it really take to build a business and how does the team really play into that from your perspective.
Melissa: You touched on little bit of my message is getting out of the way. Iâm not the tech generation, the paperless generation. I still use paper. I still like to print and read. It doesnât work in todayâs market for everybody. I would say the number one thing as you grow is to get out of the way. Get out of the way and hire people that have different skill sets.
In our company, we always do personality tests. Tony Robbins offers it for free.
Jason: The DISC?
Melissa: Yeah, the DISC test. Itâs free on his website. We do that, find the personality styles. For example, in a bookkeeper, you want someone who is very good, very high, and procedural. You want to make sure you find that in any of your staff mates. In our chain we have a big diversity, age, and skills. You canât remember everybody have personality when you want to be like me. I never met a stranger and Iâm a visionary. Iâm the person whoâs up with the ideas, tell us the way I wanted results and then gets out of the way.
Jason: I love it. Iâm a big proponent of using the DISC as well. In fact, Tony Robbins recently switched his DISC assessment, if youâve noticed, from the inner metrics, which I actually used to have a connection where I would get the full three-part inner metrics, which is even better than the Tony Robbins one which gives you the first two portions. But then, it started getting watered down and smaller. They just recently switched DISC providers and it changed, but I find itâs better than what it was even though itâs not as pretty. You can do that free DISC assessment.
Youâve got people on you team that are high Câs, they love compliance, they are rigid, theyâre probably not the best friendly communicators, youâve got high Iâs that are great communicators and really great maybe with people, maybe high Sâs that are great with customer service, maybe DCâs which are like unicorns that are really great at operations, maybe high DIâs which are great at sales and closing. Understanding that gives you a lot of power in being able to understand people.
Melissa: [...] when you get ready to hire, looking at that needs assessments. Looking that what diversity is in your team, but I want to go back to something you test on again because this is where [...] out, which is change.
Success comes with your willingness to change. Thatâs what basically youâre talking about as youâre training your team and also speaking to the property managers, as you said, they reach out to you. They have to be willing to change and Iâm willing to change. Thatâs why I take a lot of classes even after all these years. I get into classes and I think of these aha moments thatâs like, âOh, I used to do that.â I cannot just go back sometimes and do things I used to do, but I also wanted to say, âOh, we canât do that.â âWhy not?â âWell, we tried that.â Donât have this theory of âthatâs the way weâve always done it,â because that [...] stuck.
Jason: Right. Any of us who have been in business long enough, weâve probably forgotten more than weâve learned. Thereâs so much and itâs great to get those reminders. You have mentioned early on that they need to get out of the way. How does somebody consciously do that? A lot of times when weâre in the way, we canât see it. Itâs almost like telling somebody, âLook at the back of your head.â Itâs how they feel. Youâre saying, âGet out of the way,â and theyâre like, âI donât even know how Iâm in the way. How do I do that?â How do you help [...]
Melissa: Iâm sitting upstairs in a private suite away from my entire staff. My son, Matt, and let me just tell you I started the way I got the business when Matt was born, right? My son used to say, âMom, nobody grows up and wants to be a property manager. Matt just celebrated his 11th year in property management and heâs our [...] Business Development Manager.
Jason: Over a decade.
Melissa: Yeah. But he didnât. He went to college. He didnât think, âWell, thatâs what I want to be when I grow up. Nor did I. I donât [...] thought youâre going to be servicing property managers.â But Matt sits in my original office. Therefore thereâs a different skill set and, guess what, Iâm not in the way. Iâm down there and thereâs something like walking by the office to go fix it as it get me out of the way.
Jason: Youâve physically have gotten yourself out of the way so youâre not hearing the auditory things that you would normally trigger a response and cause you to go into fix-it mode as an entrepreneur because we hear problems, weâre wired. We want to fix it. We also see a problem, weâre like, âI can make money solving that problem.â Thatâs how we think.
Melissa: And I tell you, I still go down, Iâll sit there and they want to see. Remember, Iâm the face of the company. Iâm the visionary. So, I [...] in the morning, I start down there, good morning to everybody, âGood morning, Frank. Good morning, Christine.â I go through my good mornings, I say hello to everybody there, and thatâs [...]. I find out if thereâs anything they need, me but I [...] work for the first couple of hours at home. What difference does it make? It allows me to actually stay home.
Let me tell you that my role, I was a property manager as I said when I started in the business. Got my license and my brokerâs license, went to California State, got into real estate, and then I helped grow the company. And Iâm very good at it. I really think if you want to grow your business, you have to be in community. You canât be in community and be in the office operations and running everything. You canât do everything.
I have gone out of the way by not being physically in an office downstairs where everybody can come to me. Now, I have a really good team. Christine Goodin who has her RMP with NARPM and her MPM. Thatâs a Residential Property Manager. MPM is a Master Property Manager. She came to work for me 18 years ago and she didnât even know what property management was. And sheâs now the Vice-President of Operations.
So, you hire right, you bring them to educational courses. Donât stand in their way growing, either. Thatâs another really key factor. Donât let them get stagnant. I say, âHow do you keep somebody happy for 18 years? Give them new challenges.â You give them new roles. Let them grow right along with you.
Jason: Yeah, if you find somebody that has a growth mindset. Not everybody wants to grow. There are certain personality types that love growth, they love learning. On DISC they would have a high theoretical score typically, for example, on the Tony Robbins DISC profile that we have mentioned. But if they love learning, they have a growth mindset, and thatâs a priority in their life is personal development, then you got a feedback. You feed them that and you have a team member that, just like fine wine, accrues value over time.
Melissa: [...] I want to go back, though, because itâs not without mistakes when you hire someone that doesnât like the business. I think oftentimes with property managers and our groups and our friends come to me and they ask questions.
I think some of the hardest thing we had was letting go. We hire someone that doesnât fit in the team, doesnât fit in our culture, and we hang on. I think [...] over the years. It took me a while to get there. But I can tell you that if youâre mostly have a 30-day, a 60-day, maybe a 90-day introductory period, if itâs not working in that first month, it doesnât usually change.
So, if I [...] in the States because Iâm nice and Iâm a fixer, then I hang on. [...] wait too long. Again, if youâre going through and adding to your team, you need to really make sure that youâre checking in. I want to give you a tip because Iâm talking about that. I love to share.
Jason: Yeah.
Melissa: In the first 90 days of a new team member come in to work at Prandi Property Management, we do whatâs called EOD, an end of the day report. They actually write down things they learned, the challenges they found that day, and just some sharing. At the end of that, they rate their day a one, a two, or a threeâthere could be 2.5âbased on what they feel their workload, three being, âI canât handle any more and Iâm full.â
I have a new employee coming on and sheâs been with me, letâs say, 20 days, and she gave me a 1â1½, weâre not giving her enough work. If youâre going to bring somebody new onto your team, again I donât have to check on them, I donât have to call on her, I donât have to sit with her, somebody else is handling all the training, but as the owner, the CEO, and the visionary, I need to know how Iâm doing with the teamâs giving her information and what she needs from me to make her the best Prandi team member.
Jason: You mentioned a couple of things that I think are really important to point out. One, you mentioned that by not just having your office separate or segregated but also being able to work from home and working from home. I run a virtual team and a virtual company. Nobody can touch me and Iâve always had that advantage that there is a physical disconnect. I will probably go on saying that if my assistant could walk in every 10 minutes and say, âHey, what should I be doing now?â I would go nuts, right? Having that, thatâs another option for those that are listening, there is a trend with some people that theyâre moving towards more virtual teams and digital offices and that can also create that disconnect.
Melissa: I want to ask you a question so I can also [...] and teach the audience. How do you communicate best with the person since you are virtual, and we all love the virtual part of it, how are you best communicating with your team member thatâs even your assistant? Whatâs the best way you all communicate?
Jason: Our main modes of communication, we use Basecamp as a communication platform. What that allows us to do is to post messages, to think about things, to get clarity and put it, and then we allow team members to respond to those, rather than throwing it all out real-time in a meeting where everybody has to react, because I find the responses are big-time wasters and itâs not as helpful. We usually post memos or post a to-do and then people that are need to be looped in will be looped in and can comment on that. That keeps things really quiet and makes people think. It creates a very calm workplace. Thatâs our foundational mode of communication.
For quicker communication, we use the app Voxer and that is a walkie-talkie app. I donât like typing and texting all the time. It takes too long. Iâm quick. I want to send a voice message so I hold down a button on the app and I say, âHey, Adam. Can you check on this client? They have mentioned this and do this and blah-blah-blah.â And then heâll take care of it. The cool thing about Voxer is if youâre really impatient as an entrepreneur, if you listen to the messages, if youâre in the chat with somebody, the messages are real time. But if youâre not, it works like voice messages, like voicemail. And you can play them at high speed so you can speed up if theyâre already done talking and the recordingâs there, then you can play it at high speed. So, Iâm listening to chipmunks all day long, telling me what needs to happen.
Thereâs a lot of communication even through Voxer or a situation like that that I just need the details, so I can just listen really quickly and we can consume information cognitively and auditory-wise much faster than we can speak it. We can usually do it at almost twice the pace very easily.
Melissa: It brings another point of communication. A good team member and a good team lead [...]. People need to know youâre supporting them. Thatâs what I [...]. But I was thinking about it, we did a lot of team-building last year. We hired [...] consultants to come in, and one thing Iâve learned about myself was delivery of email. Donât stand [...] similar. Send [...] information and what the fact is, what the need is, send it to me in a delivery form.
If you have team members and that youâre on a call today and the podcast, I think itâs really important to know your style, what you want. They also said that I was sending the exact [...] that said, âWell, I send it after the company email and no one responds,â and they said, âSend me a few of those.â The guy came back and said, âYouâre not asking for anything. Youâre sending information but youâre not asking.â âOkay, I need this back but [...]â Itâs not that we do a campaign to get you. This is whereâs the call-to-action. [...] entrepreneur and youâre on the show today and you want to learn. Ask somebody from the outside to come in and analyze your style and your teams and theyâll help give you tools. Iâve done that. Iâm always learning.
Jason: One of the hacks that I learned when I worked at Hewlett-Packard is that we were told to have certain subject lines if we were sending emails. If we needed some sort of response, you always had to say, âACTION REQâD:â at the beginning of the subject line in all caps. So, we would do ACTION REQâD: if thereâs an action required, or FYI was for your information only, you donât need to do anything on it. So, there was kind of this code with subject lines.
Now, Iâm beyond email. I donât even look at my email. If anybody emails me, Iâm not going to probably see it. My assistant handles all of that for me because I donât like email. I donât want to communicate through email. So, I set up a system in which somebody else can go with that and she just tells me the four or five emails I need to deal with and the other 100 or 200 I get a day are [...] somebody else.
Melissa: Sheâs a very good communicator and she is very responsive. If she doesnât get a response, she page me again, making sure and not [...] very positive way. Sheâs patient, when Iâm really busy, Iâll be a couple of days [...] sheâs right back checking in with me. Youâve got someone watching your back and helping you grow, Iâm sure.
Jason: Oh yeah. Itâs a huge help and thatâs the thing is with hiring, I think one of the big constraints of those with entrepreneurs is this myth that if I have somebody else do it, it wonât be done as well. Itâs such an egotistical thing that people need to get over. This belief that nobody will be as good as me. As long as somebody believes that, itâs true. They make it true and they create a situation which theyâll never be able to offload things.
But I can speak with total confidence that every single person on my team is better at what they do than myself. Theyâre all better at what they do. India, way better at email than me. I donât want to deal with email. Iâm short with emails, I donât pay attention, I miss things. Emailâs not my thing.
Melissa: [...] going back to the strength of the team and knowing your strength as the owner/CEO of your company and knowing my strength. You put me in a room with 200 people, you put me in a room with 1000 people, I try to meet every one of them. I know that my strength in the world growing my business, is to be the face of the business, to be in the field.
I was in a class this morning. Iâve been taking classes at the local university on hiring teams and developing teams. Yesterday, I took a great workshop at Dominican University from a [...] a little bit about,job descriptions, position statements, and whatâs the end results. They really teach us to have things in place and what our expectation is.
So Iâm always taking courses to try and figure out how can I be better at things. Iâm never going to be the techie person that knows how to set everything up. I hand it to my son. I donât have to be, right? Heâs 31 years old. I can hand it to Matt and say, âMatt, I donât understand this. My phone is doing something. Here, can you just fix it?â I can hand it to Christine and sheâs going to help me. So just not trying to waste time, I [...] come at me. And donât forget, part of [...] today is also life balance. Being able to turn it off, take care of ourselves because we have a good team.
Jason: I think the more that an entrepreneur focuses on self-care, the more they have to give to their team and the lower the pressure noises. One of things Iâve noticed with entrepreneurs is that when our pressure noise gets highâit can be high in property management or in any business, but we deal with a lot as business ownersâall of the worst attributes you share about business owners come out. People could perceive us as controlling or angry or frustrated because we get into this preloaded state where weâre in a stress response.
If you lower the pressure noise for an entrepreneur, our genius comes out. Our best attributes come out. The visionary comes out. Weâre able to see the future. Weâre able to make decisions about things. If an entrepreneur does not have the team that they are in love with right now, then theyâre not the person yet that should be running it. Thatâs the sad truth. They havenât become that person yet, that can have a team, that instead of them having feeling like they are trying to control, itâs instead a team that theyâre able to just inspire.
Whenever we fail to inspire, we always control and we get into that stressful place where weâre trying to manipulate and get our team to do stuff and weâre trying to force KPIs down their throat or trying to push them to do things because we feel like, âWhy canât me team just do what I need them to do?â We shift into a calm space of, âWhat does my team need from me in order to be as successful as possible so they can keep helping me the way that theyâve been helping me?â and thatâs a much more comfortable place to be. Itâs a calm, quiet workplace.
Melissa: I actually have never been accused of⌠I donât yell, Iâm a very calm-natured person, I deal with and respect boundaries, so Iâm very good about how would that person feel if they were in my seat, how are they want to be treated.
I do that a lot. I know their personal. Somethingâs going on. You want to know if somethingâs going on, itâs not always about business. Those people that have lives [...] out the door. So, Iâm really in-tune with that. I called someone in yesterday and said, âLook, I can tell somethingâs going on. You just not coming work with that bright smile. What can I do to help?â So, even though Iâm not downstairs, still sense the energy and pay really good attention. I try to make sure they know that I really care and I do care.
The other thing is really working with an outside business consultant. Donât get stuck. Have somebody come in and help build your team by doing team building. We had a lot of fun doing team building last year at the end of the year in October. Last year in October, we went out and went off site, we prepared everything so we can all leave, and we had one person [...] kind of helped out while we work on all day. We worked on what I think the success in my company is very strongly if weâre not communicating with each other, and weâre not respecting, getting along, and taking our own blinders off from our busy property management day, then the outside world is getting that same message.
So, if Iâm not really happy doing my job as a property manager and Iâm not having a good day because my team members not [...] and the other team members not doing something, that equals out to the public and thatâs when one of those one-star reviews come in.
You can ask the team to let them know theyâre supportive with each other, give them the tools, working with that, and let them get to know each other and [...] each other, that goes out to customer service.
Jason: Thereâs this great book by a gentleman. I believe his name is Steve Sims and the bookâs called Bluefishing. He basically talks about how his whole goal with his team members or even with clients that he wants to work with is they have to pass the chug test. Itâs like, âWould I want to have a beer with this person?â and itâs just a simple gut check to say, âDo I like this person? Do I enjoy being around this person? Does this person makes me feel safe? Do I feel comfortable?â because if anybody on your team doesnât make you feel comfortable and youâre always worried about them or youâre concerned about them or thereâs some sort of weird disconnect in rapport between the two of you, theyâre adding to you pressure and noise. I think that it is important to like your team, to actually like them.
Melissa: [...] company. Sometimes when thereâs one person whoâs not [...] team, they go and they grab other people.
Jason: Oh yeah, theyâre a cancer.
Melissa: You have to be really careful with that. But I really [...] week after our last retreat work and that was they wanted. For somebody [...] itâs not the most positive [...], so we started a Positively Prandi board. We got that big board [...] coffee and our tea is, and people are [...], âCongratulations on your three-year anniversary.â We write riddles. [...] while the sun is shining now, how happy we are today.
And that doesnât cost money. Itâs just a little more positivity and always share a five-star review. We always celebrate a good review, and if itâs not [...] we could get there. Thatâs another [...] about growing your business is really you have to work on your teams, inside the walls of your team before you can really start wanting to grow and double or triple in size.
Jason: You have mentioned early on that you make sure you have this morning connection with your team. My teamâs virtual and weâve done the same thing. I felt like itâs absolutely critical that you get FaceTime with your entire team.
Those that have virtual teams that are listening, or virtual team members, one of the things that we do at DoorGrow is we do a morning huddle. Itâs 15 minutes, we set it at a weird hour so that people know that time matters. We set it at a weird time, like itâs not at a half-hour mark or hour mark and people have to show up for that.
Itâs 15 minutes, we just share stats openly in the company, hereâs how much revenue weâve made so far this month, hereâs how many people on our Facebook group, all that different stats that matter, and then we do âcaught being awesome,â when we say, âAnybody catch anybody being awesome in the last day?â
Sometimes itâs a little awkward if itâs a small huddle and not everybody showed up and people are like [...]. But I always comes up with somebody that we can point out or highlight somebody.
Melissa: [...] for us at Prandi Property Management, I have a weekly team meeting. I get copies of the notes so I can look at whatâs going on with the teams, and the at the very bottom it says, âDid you write a thank you note to them?â because still old-fashioned handwritten thank you notes go a long way.
We have Prandi custom beautiful notes cards, it works in all industries, and who did you thank today? Itâs similar to what youâre saying because a team, I like that. I want to go back and say that, âWho did you catch being awesome today?â Thatâs kind of weâre doing to Positively Prandi board, but in this case, acknowledging their credibility at the end of it, the weekly team meeting notes [...] really good [...] everybodyâs formats is the same, so weâre looking at the same numbers, same things, and when it says, âOh, thatâs so nice,â they wrote the gardener a thank you note. They wrote the plumber a thank you note. They wrote [...] a thank you note for the inconvenience. We get a bunch of $5 Starbucks cards, we [...] and say, âHave a cup of coffee on us. Cheers to you.â Just saying thank you is really nice.
Jason: I love it. In our huddle, at the very end we just go around and ask each person, âAre you stuck on anything? Really simple, is there anything youâre stuck on?â and thereâs always somebody thatâs stuck. When we didnât used to do that and we would just have a weekly meeting or just throughout the day, it makes me wonder what were they doing when they were stuck all of these previous times because thereâs always somebody stuck on something. âOh yeah, this client had this question. I didnât know how to deal with this, or this.â We can tackle those things really quickly and if itâs something that takes a lot of time, weâll just say, âAll right. Letâs schedule a meeting for that.â But we just tackle that in our huddle so everybody feels unstuck, which is also helpful.
Melissa: Itâs not just stuck. I myself have made mistakes in this business, that we have aha moments as well. I can say, âWell, is there anything you want to share that you have an aha moment that you might teach us how to do our job better?â [...] offers I do like Iâll start an example. Iâll say, âMatt, my son, now is the Business Development Manager, who is out there in the field. Sometimes we get three, four, five, six clients a day,â who knows how many are coming. Theyâre coming fast and furious because weâve been there a long time. Heâll say, âHey, can you take care of this duplex? The co-ownerâs called in and they really wanted a response today, but I got so many things on my plate. Can you handle that?â which is okay because I know how to do it. Only, he gave it to me at 10 in the morning and I didnât make that connection with that client until two in the afternoon and it was too late. He had already hired someone.
I can use that as my team example as my aha moment. What I should have done the moment he gave it to me, I should have stopped, I should have looked at what is it important, not checking my Facebook, my email and everything else. I should have made that a priority. Because I didnât, he signed up with another management company. I want to share that as the owner because what will happen next time is Iâll make it a priority.
I try to [...] those aha moments and life lessons. What can we do, how can we have done it differently, and we had different results, because we can all [...].
Jason: We do a weekly team meeting. In our weekly team meeting, we share wins from the previous week, personal or business. That gives the team members opportunity each Monday to share, âWhat were your wins for last week?â so that we can point her out.
As entrepreneurs, a lot of us are economically driven, so if we take a DISC profile and turn on all the insight, weâll see that we have a pretty high economic score typically. The mistake we make is that we assume everybody else likes money as much as us. Look at that economic score in your team members, those that are listening, if the economic score is high, bonuses work great for them. If the economic score is low, they want recognition.
Most of my team members, thatâs all of my team members with the exception of people that are involved in sales, usually their economic score is low, which means they want recognition. So, creating opportunities in these meetings where they get to show what theyâve done the previous week, where they get to show that theyâve had wins and we look through our objectives for the week, and they get to say, âYes, I got these all done,â this is an opportunity for them to feel recognized by the whole team. I find that that increases motivation and accountability, significantly.
Melissa: And I think itâs interesting because you and I didnât rehearse this and we didnât talk about what was most important, but thereâs a lot of similarities in what weâre doing as entrepreneurs, owners, and visionaries. I think thatâs really important for the audience to hear that some of these things that weâre talking about are simple, and it can be done by anybody.
Jason: What Iâve noticed in business and life is Iâm just a student and a fan of what works. Thatâs just what I get excited about. And really, every system, all the different coaches and mentors Iâve worked with, they so many similarities because truth and/or reality is what works and everything gravitates towards that.
Youâve been in business for 37 years. Youâre going to have figured out a lot of things that donât work. What that leaves less on the table is a lot of knowledge about what works. I think also Iâm very willing to fail. Iâve had lots and lots of failures. I think DoorGrowâs been built on thousands of failures and thatâs how we learned. I think that goes also to my team because Iâve had so many failures. I think also Iâm very conscious of the fact that my team needs to be allowed to screw up and fail. They need to feel safe failing. If they donât feel safe failing, then theyâll never be able to learn.
Melissa: Or they could hide it. We donât want them to hide it.
Jason: Exactly. They become hiders. They start hiding stuff from you the first time they screw something up and they feel reprimanded or shamed or put down, theyâre going to hide that from you forever. Theyâre going to hide everything in the future and then having team of hiders is absolutely catastrophic to the growth of the company.
Melissa: Thatâs true. I think that always attending workshops and now we have things online, you talk about being able to teach people like youâre doing right now, that is great. I think just because you have 10 in the business or 20 years or in my case, you never stop learning.
And I think itâs really important for people to use their resources. I love to read. People can share books. They can go on your website and your Facebook page, and share a good book, and share stuff theyâre learning. I find that people soak it up. I love to speak and teach. I love to walk in a room and share my knowledge. Thereâs not one person Iâve ever said, âNo, I absolutely will not share that with you.â I usually, âNo problem. You want that form, let me send it to you.â
Youâre going to laugh, I taught a class in Palm Springs. Iâm not paperless and Iâm proud of it, because Iâm not and people love it. Theyâre going to be people that still touch things like I do. Letâs give them [...] and eventually that does change. My son doesnât print [...] anything, but I do. So, we have to have a diversity and we have to be able to give people the tools they need to be the best whatever the way it is in the year 2019 or the way we used to do it.
When I first got in business, the screen was literally the size of a small [...]. We didnât have cell phones. Technology is good. I think Iâve been able to travel, Iâve been able to leave my business. Now, I check my email but I schedule my time. Iâm going to the beach because Iâm sitting on a beach in Hawaii. Iâll check my information but I donât check it like I do when Iâm sitting on my desk working.
Time management it important. I allow myself a lot of time because even last week, I was running hard. I was struggling early in the morning, facing the company, lots of meetings, going to Rotary, going to community events, starting the morning with my classes over at the university or whatever Iâm doing, and I finish at nine oâclock at night. So, I just take it to Matt because I was going the State of the City Dinner with the Chamber of Commerce. By Thursday last week, I hit a wall and I was tired.
So you have to find the balance. Everybody, not just the entrepreneur or owner, of how youâre doing with your whole life balance because you have to keep yourself well in order to be a good leader.
Jason: Absolutely. My recently added for our C hackers, a health secrets training, simply because I found that health is the number one thing that impacts the productivity. An excuse that we get from entrepreneurs a lot was, âOh, I just donât have time.â They have almost doubled the amount of time if theyâre taking care of themselves properly. Their brain is just that much more effective.
Melissa: If you go to yoga for an hour, youâre not on your phone, youâre not on your email.
Jason: Youâre right. Youâre disconnected.
Melissa: You [...] can read the phone in your car. You just take your phone if youâre going out in an easy hike, if youâre going distance in that thing, but to be able to go and listen to music, too, on [...], people say sound and meditation. If you can do music meditation and it works really well.
I just spent some time with a good friend in [...] and we had so much fun playing our playlist and singing the songs, and then how did we remember the words to this song? But your mind is doing so much. What music does is it kind of steals your heart and soul. If you ever are going through something, get yourself to music and let the music take you to a different [...] and property management. That happens a lot.
I always tell my staff, âGet out from your desk, move or walk around the block, change your environment. Grab your iPhone, put on a song and walk around the block singing the words. It changes your whole intake of how youâre going to treat the next customer or the next co-worker.
Jason: I love it. Letâs connect this to science and here is why that stuff is so effective. Iâm a huge audiophile, I love music, I had a band in college, I bought [...] songs. I love music, but when you play instruments, when you play musicâthereâs videos on thisâyour entire brain lights up. Both sides of the brain are like fireworks when youâre playing an instrument or really engaged in music.
When you connect your right and left hemispheres in your brain, when those sides of your brain are both firing, it significantly lower stress. In fact, I went and did EMDR therapy on the recommendation of my business coach, for a year. EMDR therapy is an eye movement therapy. The idea behind it is they use it to eliminate PTSD in soldiers and stuff like this.
As entrepreneurs, my coach is saying, âYou have some PTSD, Jason. Letâs be honest. You guys deal with a lot of stress. Youâve got some of this. Go get an EMDR therapy and talk about you assistant, they quit or talk about this, get this stuff taken cared of.
What is cool is that EMDR therapy is based on the idea that there is bilateral stimulation, so stimulating both sides of the brain back and forth while tuned in to an idea that causes stress or PTSD or some sort of issue. Iâm not making light, by the way, of those who have legit PTSD, but the stress that we have as entrepreneurs, it will tone that down and it kills that. It helps you see it with a fresh perspective and helps correct and eliminate that emotional stress response.
Hereâs whatâs magical about walking. Walking is bilateral stimulation. Exercising increases the stress response in the body. It just does. Thatâs part of exercise. But walking oxygenates the body but does not increase the stress response. It actually lowers it because itâs causing bilateral stimulation. Left, right, your body keeps moving, and each step causes bilateral stimulation. So, if you have anxiety, if you have a stressful call or whatever, going for a walk until that goes down is really magical and amazing.
So I go for a walk in the evenings if I had a stressful day. I start my day usually a lot of times with a walk, making sure that I walk around. It help digestion, it seriously helps cognitive function by getting your brain to lower its stress response. Itâs like a serious hack and walking sounds so simple.
Music more than any other thing can directly impact emotions. Thatâs why in movies, theyâll manipulate your emotions using the score of the movie because it makes you feel whatâs going on. So, if you want to change your feeling, you can use music because different songs can help you lean into sorrow if you need to feel that sorrow, music can help you lean into positivity or shift out of...
Melissa: Brings back memories. But [...], somebody having a bad day because in property management we done have all positive days. And sometimes, especially because where we are now in Northern California, we had a lot of rain. [...] when we were getting ready to set up, itâs not really our friend.
Property management, rain, leaks, putting people up at hotels, youâve got a lot coming at you and nobody wants to be displaced, especially if itâs the holiday season, we have bad weather and it rains then. So, I [...] âOkay, what have you done for a time out? What are you doing? Because you need to go have a time out. Just go.â
We do fun Fridays, ice cream socials, aloha Fridays because we are actually [...] together in an office [...] downstairs, so we do see each other everyday. I may not but the staff works together [...] and works in an office. Having seen this which Christineâs been really good about it.
Matt, last Friday [...] his dog is a new rescue. Sheâs adorable. Her nameâs Mia and sheâs a very [...]. Sheâs a very good dog and he said, âHey, do you mind if I bring her out in the open? I donât have any appointments.â People actually brought some really [...] good, fun Friday and made them feel really good by having a dog there. Who knew?
Jason: Almost like one of those service animals.
Melissa: Yeah. I was waiting for his to say, âMom, I can bring the dog to work because this is a service animal.â I said it was okay.
Jason: Yeah. I love the idea. Walk and talk is my own personal therapy. If I have something I need to talk through, I talk to somebody about it while Iâm walking. Iâll just walk around. Itâs magic.
These are all really cool ideas. Melissa, it sounds like you have a phenomenal team. Youâve got a wealth of knowledge. For those that are listening, that maybe are struggling to achieve their growth, theyâre really stuck in a rut, theyâre having a difficult time maybe with their team, theyâre just having trouble seeing over the weeds, so to speak, what sort of advice would you give them, maybe a first step to take, some step towards all the [...]
Melissa: I would say donât be afraid to [...]. Pick up the phone and call another property manager. Call you, check-in with you. People forget the touch of the voice, too, and someone knowing. Most people have been through the same thing. When you [...] the NARPM family or you or your users together share one thing thatâs going on, itâs amazing when I see the post that goes on in your Facebook page and the solutions people are willing to offer.
But sometimes picking up the phone and saying, âLook, Iâm having a really hard time with this. I have a client doing it.â Iâll tell you to fire them. But if you have [...] a really hard time, then maybe you just need to [...] another professional. NARPM has over 5000 members.
Donât think youâre going to take the world on your own. If youâre going to grow, you have to be willing to change, to be willing to have a mentor, somebody you can lean on. You got to use the research that youâre offering as a national vendor and the research that youâre offering, we have to use those resources so that we can actually learn to grow because youâre going to give us tips from the outside of property management looking in at what weâre doing. Youâre already doing that just sharing with me. So, if youâre willing to make the change and to reach out for growth ideas and ask how to implement because Iâve already done it. Iâm willing to share. Why reinvent the wheel?
Jason: I love it. You mentioned be willing to change, find mentors, reach out and get a mentor, reach out to other property managers. I think the crux of all these things, kind of energetically that youâre talking about here, underneath all of this, I think a property manager or anyone listening to the show, they need to recognize that the power being able to do these things come from vulnerability.
It takes a certain amount of vulnerability as an entrepreneur to say, âI have a problem and I need support.â Whether you are reaching out to a mentor, it takes humility or vulnerability in order to be willing to go out and learn more like youâve talked about. I think sometimes we want to put on this facade or we think we need to be the one that weâre always okay. I think itâs okay to not be okay. I think thereâs power in that and I think thereâs connection in that if weâre willing to be vulnerable, because I donât have all good days.
I have sent messages to my business coach or my mentors and saying, âHey, Iâm really struggling. This is hard for me dealing with this.â Sometimes, itâs all we need is just to be able to tell somebody that and acknowledge and be vulnerable, but I think when weâre vulnerable with others.
Those that are inside the DoorGrow Club Facebook group, I encourage you to be willing. Lots of people have been willing to share vulnerably like, âHey, Iâm dealing with the situation. Iâm in over my head,â or, âI donât know what to do with this,â or, âIâm stressed out and itâs been a really a rough day. What do you guys do or recommend?â or, âCould somebody talk to me on the phone today?â I think there are so many people that because the way we get momentum as entrepreneurs, the way we get fulfilled, is by giving it to others.
Melissa: Helping others. Thatâs right. I was national president of NARPM. My team was sharing a vision and Iâm still sharing a vision. Our visions can open up a lot of doors and windows for a lot [...].
Jason: Thereâs nothing thatâs been more powerful for me when Iâm having a rough time in business or as an entrepreneur or in life than to reach out and be able to help or support a client or help somebody else. I look for those opportunities when Iâm stressed [...] somebody an opportunity to support you because youâre helping them by being vulnerable and allowing them to do that.
Melissa: That works with our staff, our team members, to reach out and say, âOkay, Iâm actually having a really hard time. Iâm overwhelmed, Iâm tired, Iâm going to take [...] refill my bucket up. [...] keep that to your team. Theyâre only human, they understand.
Jason: Absolutely. Thatâs the entire teamâs job. My teamâs job is to lower my pressure and noise. That is their whole purpose for having a job. But they canât do that unless Iâm honest.
Melissa: Yeah and itâs working well.
Jason: Yeah, it does. It works really well. The bigger my team gets, the bigger my company gets, the easier my life gets. I know that sounds backwards for a lot of people, especially those in the 200â400 doors sand trap because as theyâre approaching the 400â500 units, their life gets crazy and hectic and itâs probably because theyâve built the team the wrong way. They built the system in which itâs transactional leadership and theyâre throwing tasks at people. Everyone has to come to them for feedback instead of giving them objectives and trusting them. Itâs something that takes work to shift out of.
Melissa: It goes back to where we started [...]. The key to success [...]
Jason: Full circle. Get out of the way. Sometimes we canât see it. As entrepreneurs, I think no matter how evolved we are or how effective we are or how much coaching weâve had, we always have our own blind spots and we always need that outside perspective. I need it all the time and your team can provide some of that if you ask them for honest feedback. I ask my team all the time like, âHey, Iâm thinking of sending this email out to all our clients,â and my writer, Adam, whoâs very diplomatic, will say, âLet we reword that for you.â
Melissa: Thatâs a good point. [...] I do that, too. If Iâm about to send an email, or I end up firing a client or put them on a âthis isnât working,â someone else on your team to say, âHow does it sound as if youâre just receiving it?â Thatâs it. Thatâs a good point, too. Rely on that for that.
Jason: This has been an awesome conversation. Iâm sure we could talk for hours. Itâs just really fun to connect with you. I appreciate you coming on the show. What takeaway do you want to leave people with and how can they get in touch with you if you like them to do that?
Melissa: I would say to rely on the vendors yourself. You light up when we started the very beginning of our just getting ready for the podcast. When you started getting ready to do this, to share with your listeners, you light up.
I think we need to rely on our resource with you and what you can bring to us property managers. I think that the other takeaway would be to be really in-tune with ourselves to know when weâve had enough to take that break, and then to really take a hard look and maybe today or tomorrow, go down and really be grateful, and come within gratitude to thank the people we work with everyday. Together, I would say we can make a difference. So, keep that attitude and really respect for your team, the clients, the people you work around.
Jason: Love it. How can people find out more about Melissa Prandi or get in touch?
Melissa: My email probably is best. I am an emailer. Itâs [email protected]. Iâm great with [...] resources, Iâve written two books, and I love to share ideas. Letâs just keep going. Letâs keep growing and making our industry bigger, better, and more respected as we all become better at property management.
Jason: Absolutely. I fully believe in the philosophy of the I mindset that the industryâs number one challenge right now is not your competition. Itâs awareness. The industryâs second number one challenge is just perception of the industry as a whole. By helping your local competitors level up, youâre helping yourself. Youâre helping the whole industry.
Melissa: Raising the bar up to what oneâs expecting the quality of what weâre providing out there, people on rental property.
Jason: Absolutely and good property management can change the world. You guys get to have such a massive ripple effect. Youâre impacting hundreds of thousands of tenants, homeowners and their families, and that ripple effect keeps going and thatâs big.
Melissa: Iâve seen how much that actually NARPM complement people, how much we give back into our community because we do that every year at charity. Weâre giving back in more ways than just that.
Jason: Absolutely. The ripple effect is big and Iâm grateful that really awesome property managers like yourself allow me the opportunity to be part of that. Thatâs inspiring and exciting for me.
All right, Melissa. Itâs been great having you on the show and weâll have to have you back soon.
Melissa: Absolutely. See you in NAPA, the [...] NARPM conference [...].
Jason: Weâll see you in NAPA. All right.
Melissa: See you soon. Thank you.
Jason: Okay. Bye-bye.
All right that was a phenomenal interview. Really fun to talk about that stuff, all things Iâm very passionate about and Melissa is obviously very passionate about as well. If this episode was interesting or useful to you, please give us a feedback in iTunes if youâre listening there. We would love if you like and subscribe to our channel on YouTube. That would be awesome if youâre watching us there. If youâre seeing this on Facebook, then share it. We appreciate you.
Make sure you get inside of our awesome community for property management entrepreneurs, which is the DoorGrow Club. You can get to that by going to doorgrowclub.com. By joining, weâre going to give you some free takeaways including The Fee Bible, a list of good vendors you should be using, that are the best in the industry, that get the best feedback in our group, and weâre going to give you some other free gifts if you provide your email when you sign up for that group. Make sure you get inside the DoorGrow Club Facebook group.
At some point, you may want to reach out to our team and talk to us or myself about growing your business. If youâre feeling stagnant or stuck, or you feel like you could use some additional support, thatâs where we do at DoorGrow. Until next time, everybody, to our mutual growth. Bye everyone.
You just listened to the DoorGrow Show. We are building a community of the savviest property management entrepreneurs on the planet, in the DoorGrow Club. Join your fellow DoorGrow hackers at doorgrowclub.com.
Listen, everyone is doing the same stuff. SEO, PPC, pay-per-lead, content, social, direct mail, and they still struggle to grow. At DoorGrow, we solve your biggest challenge getting deals and growing your business. Find out more at doorgrow.com.
Find any show notes or links from todayâs episode on our blog at doorgrow.com. To get notified of future events and news, subscribe to our newsletter at doorgrow.com/subscribe. Until next time, take what you learn and start DoorGrow hacking your business and your life.