entrepreneurship

Tactics to Accomplish Your Big Goals Next Year

Tactics to Accomplish Your Big Goals Next Year

Accomplishment comes from action, not thought or talk. Nor can it be attained by wanting, hoping, or even just strategizing. Accomplishment is tactical. Dreaming of a goal is important, but in the end, accomplishment requires focused action. Fix, review, learn from previous errors, then take huge big actions again.

I'm so frequently astonished at the amount of folks who speak about ideas, but they truly translate into nothing. Saying something does not make it real unless you’re backing it with action, focus, and maybe most importantly time. Take new years goals, for example.

Creating Passive Rental Income Streams That Enhance Your Lifestyle

Creating Passive Rental Income Streams That Enhance Your Lifestyle

A couple years back, I had a fascinating conversation with a friend looking at property management. She was just getting started building a property portfolio to make a passive revenue stream. Before starting Latchel, I had build passive income businesses on Amazon’s platform, a little bit different than property investing, but we talked back and forth about how to start a passive income business. She wanted to know what milestones she should set for her own business for 5 years and 10 years down the road.

My response was not exactly what she anticipated.

She was approaching her business from the wrong mindset. When building a passive income business, I would not build my personal life around the businesses goals. Rather, I want to form my passive income streams around the life that I want to live.

Business Health for Property Management Companies: Margin, KPIs, SMART Goals

Business Health for Property Management Companies: Margin, KPIs, SMART Goals

When you are running a property management company, staying at the top of financials can be time-consuming even with all the accounting software in the world. You may be a master in real estate management, but information investigation is a different story. Brokers and owners need to keep tabs on the total health of their PM business to ensure it is growing organically across the right metrics.

I put together a fast guide that will assist your check up on the total health of your company. We are going to go beyond just taking a look at the common ratios and dig to the metrics which help you remain in control and prevent fundamental business issues. Here are four strategies to figure out how your property management company is actually doing:

How Playing the Long Game Pays Off

How Playing the Long Game Pays Off

It's easy to chalk achievements up to good fortune and to underestimate the value of investing in achievement each and every moment. We tell ourselves, the teacher worth millions of dollars is simply blessed. How could a teacher make millions? The answer is that she played the long game.

The long game is not especially notable and it doesn’t draw attention. It is dull. It changes the way you run your own personal and business affairs.

There's an old expression: If you do exactly what everybody else is doing, then you should not be surprised to receive exactly the very same results everybody is getting. At Latchel, we’ve made this ethos a part of our leadership principles and company culture. Essentially, the long game means telling yourself: You can’t get better by staying the same.

You Can't Get Better By Staying The Same

You Can't Get Better By Staying The Same

At Latchel, with everything we do, we believe you can’t get better by staying the same. We believe in challenging conventional wisdom. We believe in challenging the traditional approach.

When we launched Latchel, everyone told us, “Don’t even bother with single family portfolios, the money is in multifamily.” We launched our service for single family property managers and everyone told us, “Don’t get into call center services and emergency calls, it is too low margin.” We then launched one of the most innovative 24/7 emergency call center services and everyone began asking us, “How did you do it?”

How to Manage Your Time and Energy to Achieve Greater Success

How to Manage Your Time and Energy to Achieve Greater Success

Virtually everyone I know wants to earn more money, but we're often constrained by our availability and energy. I run multiple companies and always struggle with finding enough time for everything. We focus on doing our jobs and running our company but a lot of times ignore the very best way to earn more money. All of us have a limited amount of time given to us. We can not add hours to the day no matter how much money we have. All of us have a backlog of tasks jammed in the back of our heads, better methods to execute at work, or study we'd really like to do if we had more time. This report will break down multiple ways that will assist you to manage your time better, retain more energy, and make more money. Manage your time better and you'll have more chances to go after what you really want! Bear in mind, if you blow all of your extra time watching YouTube videos, Netflix, and TV, it isn't going to do you much good.

4 Tactics to Be More Efficient

4 Tactics to Be More Efficient

Nobody wants to fill their day with busywork. Everyone wants to be focused on the highest productivity activities throughout the day. That is the point of efficiency. Before we dive into the 4 proven ways to be more efficient, ask yourself, "What are the most meaningful things I can be working on to move my business forward?" Now, lets use these 4 proven methods to get you focused on that:

Property Manager Daily Update: Billionaires, Top Cities, and Scaling

Property Manager Daily Update: Billionaires, Top Cities, and Scaling

Philip Michael tells the story of meeting with Larry Silverstein, a self-made NYC billionaire and the man that took over the World Trade Center just 6 weeks before 9/11.  He recounts the awe inspiring meeting and the secrets to success that he walked away with. One stood out above them all.

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