How To Double Your Property Management Business Growth in Less Than a Year

[@TheMeganshaul]

Can you point me to a video that speaks to people just starting out with very little properties and revenue? Or maybe books, other pod casters. I've been listening to yours for a few weeks and enjoy them however the suggestions are mostly things I can not do at this time.

[@ThePropertyManagementShow]

Hi Megan, we have a specific section for starting property management business on our Fourandhalf.com strategy blog: fourandhalf.com/start-property-management-company-blog-posts/

[@sandywexler5282]

What is the relationship between the CAC and ACV? They mentioned the CAC would be $833.33 where as the ACV is $2,000.

[@ThePropertyManagementShow]

Customer Acquisition Costs (CAC) is the amount of money you spend to acquire a customer, while Annual Contract Value (ACV) is the amount of revenue that the customer generates in 1 year. So in the example that was discussed in the podcast, the "investment" or the cost to gain a single customer was $833.33, and the ROI of that investment is $2,000 over a single year. That's a pretty great ROI. And that's not even considering the fact that the average owner stays with their property management company for about 3-4 years. $2,000 x 4 = $8,000 -- So he was essentially spending $833.33 to acquire an owner and that owner gives $8,000 in revenue back over the course of 4 years. I hope this helps!

[@SebastienGuilhemotonia]

Music at the intro is way way to much, can't even head the intro talking

[@ThePropertyManagementShow]

Thanks for the feedback, and we do apologize for that. You may have noticed that this podcast episode is from 6 years ago. We have corrected this issue in our more recent podcast episodes. You can subscribe to our channel to make sure you don't miss out on our latest episodes - www.youtube.com/@ThePropertyManagementShow