Real Estate Ideas for 2013
What can be done collectively to improve our businesses, save costs or generate additional revenue?
On January 1st I posted a list of ideas that I had that some of us could consider to collaboratively work on. I intend to pursue one or two of the ideas presented and may entertain partnering with the right person or persons.
This post is the third of my more in depth notes on the ideas. I will post others over the next week or so as time permits me to clean my notes into coherent sentences. If any of the topics interest you comment either on the list or directly to me at:Tim@ApartmentsMilwaukee.com
Part Three:
Become better at sharing our collective knowledge
The ApartmentAssoc@YahooGroups.com is good beginning. However it does not work real well as a reference tool as the posts are not organized by topics nor apparently easily searchable for many users.
What if the archives were used to form a new reference tool, perhaps a Wikipedia style “Best Practices” Guide for Milwaukee rental owners. My vision is a user contributed, user edited tool that would be a ready reference to many topics we discuss on these lists.
It would include everything that a property manager runs into. Who is the best plumber, what notice do you use for the tenant that decided that partying till 6 AM everyday is being neighborly.
Many of us know a lot, but none of us know it all. Things change in our industry nearly daily. Contractors and suppliers who were the best may have become expensive sloppy or retied. New vendors and contractors come on the scene every day. Bad tenants learn new ways to circumvent screening. Laws change. Judges and Commissioners change their views on how laws are implemented.
Similarly a Mastermind Group could reap benefits if the right people were involved. Here is a good overview of how Mastermind groups work.
Another model is what groups like StartUpMKE are doing in the tech field. It is similar to what the Apartment Association does, but they seem more involved in actual business creation.
Lunch with AASEW board members was an interesting idea. If you don’t recall this you can read more about lunch with AASEW board members here. When I look back on our prior attempt, I think this would work better if the sponsor board members would set a date, place and topic. Then if there was enough interest for that particular meeting it would move forward.
Bottom line: There is power in shared knowledge and we should do more to harness that power
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