Send us a text

Ever wonder why your property management business hits frustrating plateaus despite all your hard work? The answer might be hiding in your financials. In this enlightening conversation, Phil Mazur of The CFO Mission shares powerful insights on breaking through those invisible barriers through proper financial management.

Drawing from nearly 25 years of financial expertise, including his time as CFO at Evernest, Phil reveals the critical mistakes property managers make when scaling beyond 150-300 doors. The most common? Focusing solely on operations while neglecting the financial systems that would provide clarity and confidence for growth decisions.

"Most entrepreneurs are really good at doing the thing, but they're not really good at what happens when they get the money for doing the thing," observes host Tony Klein. This disconnect creates uncertainty about whether to invest in new staff, technology, or market expansion.

Phil explains why simply hiring a bookkeeper often falls short of what growing property management companies truly need. Instead, he advocates for developing financial systems that tell a relevant story - one that connects your business metrics to your personal goals and desired lifestyle. This approach transforms financial management from a dreaded task into a strategic advantage.

Perhaps most valuable is Phil's framework for breaking through growth plateaus. He outlines how property management businesses evolve from operational focus (under 150 doors) to people management (300+ doors) to leadership development (800+ doors), with each stage requiring different financial metrics and approaches.

Whether you're struggling with financial transparency, wondering if you can afford key hires, or simply tired of the emotional rollercoaster of checking your bank balance, this episode provides actionable insights to transform your relationship with your business finances. Connect with Phil at [email protected] to start your journey toward financial clarity and confidence.

visit pmsuccess.com for more value packed property management related information or to hire Tony as your property management coach.