State of the Industry: How RevUp Mastery is Disrupting the Property Management GameDec 06, 2022
The property management industry is a dynamic and constantly evolving landscape, and it can be challenging for property managers, investors, and brokers to keep up with the latest trends and insights. That's where RevUp Mastery comes in. Our consulting firm is dedicated to helping our clients exceed their bottom line revenue goals by streamlining operations, recruiting top talent and mastering sales.
According to a report from the National Association of Residential Property Managers (NARPM), the average property management company has an annual revenue of $1.5 million and an adjusted profit margin of 6%. However, as the report states, "those with a well-run, data-driven operation can achieve significantly higher results."
Our team is equipped with niche skillsets to help our clients build strong, data-driven operations that drive business growth and success. By providing customized consulting services, training, and support, we are able to help our clients build their dream organization by recruiting top talent in a scalable fashion and 10xing their sales efforts to support the burn rate that comes with growth.
According to NARPM's report, property management companies with a team size of 5 or more have an average annual revenue of $2.2 million and an adjusted profit margin of 7.9%. This illustrates the importance of building a strong, competent team to drive financial success.
At RevUp, we have seen first hand that implementing and optimizing predictable systems dependent growth is key to achieving financial success. We know the industry inside and out and are constantly staying up-to-date with the latest trends and insights. So, if you're ready to take your business to the next level, let's chat about how you got where you are, where you want to go and we will give you realistic guidance on how to get there!
Author: Maya Madden