Many property management business owners out there struggle with having a bad brand, bad pricing, cheapo clients, a lack of confidence, and more.
In today’s episode of the #DoorGrowShow, property management growth experts Jason and Sarah Hull sit down in-person with property manager and DoorGrow client, Kelly Rafuse, to talk about her journey with property management.
You’ll Learn
[04:53] How to Be Picky with the Clients You Bring on
[10:59] Overcoming the âHustlerâ Mindset
[15:04] Choosing an Effective Brand
[21:07] Cheapos, Normals, and Premium Buyers
Tweetables
â”As you live and you grow in this business, you learn what makes money and what doesn’t.”
“âThe more confident you are, the more some of these… difficult personality types will kind of abdicate and allow you to lead them.”
“âIt’s better to be at the top than to be competing with the garbage at the bottom.”
“âNeed is scarcity, need is starving, and need is survival.”
Resources
Transcript
[00:00:00] Kelly: You know, as you live and you grow in this business, you learn what makes money and what doesnât. And I learned how to manage property the hard way.Â
[00:00:07] Jason: But you learned it.Â
[00:00:08] Kelly: Yes.Â
[00:00:10] Jason: Welcome DoorGrow property managers to the DoorGrow show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives. And youâre interested in growing in business and life. And youâre open to doing things a bit differently, then you are a DoorGrow property manager DoorGrow property managers love the opportunities, daily variety, unique challenges and freedom that property management brings. Many in real estate think youâre crazy for doing it.
[00:00:37] You think theyâre crazy for not because you realize that property management is the ultimate high trust gateway to real estate deals, relationships and residual income. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. Weâre your hosts, property management growth experts, Jason Hull, founder and CEO of DoorGrow, and Sarah Hull, the co owner and COO of DoorGrow. And now letâs get into the show.Â
[00:01:13] So our guest today, weâre hanging out with Kelly. Kelly, introduce yourself.Â
[00:01:17] Kelly: Hi there, my name is Kelly Rafuse with Crimson Cape Property Management in Wilkes Barre, Pennsylvania.Â
[00:01:22] Jason: And you have a really nice logo. Whereâd you get that really nice logo?Â
[00:01:25] Kelly: Itâs this little mastermind I joined called DoorGrow helped me with that.Â
[00:01:29] Jason: And itâs, I was saying, I think itâs cool because itâs like you are flying right there.
[00:01:33] Itâs like, it like reminds me of you.Â
[00:01:37] Kelly: Well, yeah. I had this Marvel Comics stud fetish, so.Â
[00:01:41] Jason: Yes. Okay. Youâre the Marvel comic gal. All right. So really excited to be hanging out. Weâre actually in Pennsylvania because this is kind of the neck of the woods Sarah grew up in and managed properties nearby and you manage properties in a neighboring market and so.
[00:01:59] The same market. The same market. She, yeah. Exact same market.Â
[00:02:02] Sarah: I left and she has the market.Â
[00:02:05] Kelly: While you were here, I was just managing my own portfolio.Â
[00:02:08] Jason: Oh, okay.Â
[00:02:09] Kelly: And people were coming to me to manage theirs, and thatâs how I got into this mess.Â
[00:02:15] Jason: Yeah. Well, give us a little more background on you, Kelly.
[00:02:18] Howâd you get into property management?Â
[00:02:20] Kelly: Oh, well, I started off as a real estate investor. You know, buying homes out here in Northeast PA. Itâs a very good place to invest in property. Cash flow is, I mean, I think cap rates were like 12 percent when I got in. So, I mean, it was huge, and honestly, I was trying to replace my income because Iâd gotten as far as I could go in my former career, you know, hit a huge glass ceiling, and realized that, you know, real estate was probably my ticket to freedom.
[00:02:45] Jason: What was your former career?Â
[00:02:47] Kelly: I was on the radio.Â
[00:02:48] Jason: Yeah, okay, youâve got a great voice for it, so.Â
[00:02:51] Thank you very much.Â
[00:02:53] Yeah, so you were doing the radio.Â
[00:02:54] Kelly: Yeah, so I actually got into this market, and I liked it here. I actually, I did my two years and then moved to a bigger market. I was in Hartford, Connecticut for a while.
[00:03:03] And then an opportunity to come back presented itself. And I came back because I genuinely like the area. And you know, the inexpensive real estate was an attraction. And then My husband and I got into investing in properties. We built up quite a portfolio. We had 25 units of our own at one point.
[00:03:20] Weâre down to 14 now. We sold a few off that, you know, really werenât moneymakers for us. But, you know, as you live and you grow in this business, you learn what makes money and what doesnât. And I learned how to manage property the hard way.Â
[00:03:33] Jason: But you learned it.Â
[00:03:34] Kelly: Yes. I made all the mistakes.Â
[00:03:37] Jason: Yeah. And thatâs sometimes learning through mistakes and pain.
[00:03:41] I sometimes joke that DoorGrow was built on thousands of mistakes.Â
[00:03:45] Kelly: Youâre telling me. And I will introduce My biggest pain point in just a second here. So what caused me to join DoorGrow is my husbandâs a real estate broker. And so people were banging on his door. âCan you manage my property? Can you manage my property?â Itâs like, âwell, I donât do that, but my wife does.âÂ
[00:04:03] Jason: Yeah.Â
[00:04:04] Kelly: And Iâm like, well, I canât manage their property. I donât have a real estate license. And so it was a whole year of, âcome on! Just get the license. Just do it! Just do it. Come on!â So I got the license. And I took on one of his investor clients, and I joined DoorGrow, like all in the same day.
[00:04:23] And what I found out when I joined DoorGrow was I never should have taken on that client.Â
[00:04:27] Jason: That was the price of tuition. Itâs one of the key lessons that defines you in business, which is you learn those lessons and not take on bad clients. Well, I mean, for us, itâs been really inspiring and exciting to see your journey as an entrepreneur and see you kind of get all this ready and get things developed and start to grow.
[00:04:46] And so, we were talking about it, like, what should we talk about on the podcast today with Kelly? And you had mentioned.Â
[00:04:53] Sarah: Yeah, I had said, I think for me, one of the biggest shifts that Iâve seen in Kelly again and again and again is shifts in mindset because it was just even a few weeks ago where maybe a month ago or something, was relatively recent, where you were saying like, âoh, I read this book and it changed my life Iâm waking up at like [4:30] in the morning and structuring my day differentâ and it was just again and again. But youâve had these little shifts that end up leading to these huge changes for you and how you run things and how you structure your day and like just even your, your energy levels seem to be more protected now.
[00:05:32] Kelly: Yeah, Iâm not getting up at [4:30] in the morning anymore. Although I just learned yesterday I might have to start again because my daughter wants to join the swim team. Oh. And they practice it. 5 a. m. sometimes, but yeah, I mean, itâs, itâs been a struggle because Iâm not only a real estate entrepreneur.
[00:05:48] I am also, you know, a wife of a whirlwind. I mean, my husband is a broker. Heâs into wholesaling. Heâs into flipping. And I go to manage him.Â
[00:05:58] Jason: The whirlwind broker.Â
[00:06:00] Kelly: Yeah, and,Â
[00:06:02] Jason: yeah.Â
[00:06:02] Kelly: No, weâll say no more about that.Â
[00:06:04] Sarah: Thereâs a lot going on.
[00:06:05] Lots of moving pieces.Â
[00:06:06] Kelly: Heâs a genius. Heâs like a Bill Gates level genius.
[00:06:09] Iâm just waiting for the ship to come in. Yeah, nice. Itâs been 30 years, but itâs coming.Â
[00:06:13] Jason: So what do you feel like maybe was the first mindset thing that you noticed in Kelly, kind of overcoming? Or what do you feel like was your first?Â
[00:06:22] Sarah: I donât know if I can think of a first, but I know that thereâs been several that Iâd like to highlight.
[00:06:27] Jason: Okay.Â
[00:06:27] Sarah: So I think one of the things is being much more picky with what clients you take on and what properties you take on and how you kind of screen and vet people.Â
[00:06:41] Jason: Maybe that first client helped you learn that lesson.Â
[00:06:44] Sarah: Yes.Â
[00:06:45] Jason: Yeah. So what, what was the lesson there? Like, what did you figure out?Â
[00:06:48] Kelly: Oh, wow. You know, the, the first thing is I have to see if our philosophies match.
[00:06:53] Jason: You and the client.Â
[00:06:54] Kelly: Yes. And when I got into real estate investing, I admit Iâm a bit of an idealist. I know youâre into personality types.Â
[00:07:01] Jason: Yeah.Â
[00:07:01] Kelly: And I test as an INFP.Â
[00:07:03] Jason: Okay.Â
[00:07:03] Kelly: So I probably have no business being in any business at all, but yet here I am. But Iâm a dreamer. Iâm a visionary. And so my first company was, and still is called Good People, Good Homes, LLC.
[00:07:15] And I own property in that LLC. Iâm not really doing business in it. It just holds property for me. But when I started it, it was supposed to be the company and it was: you buy these distressed properties in these neighborhoods and you fix them up and you put great people in them and it brings up the whole neighborhood and then everybody loves you and we hold hands and sing Kumbaya and that didnât really happen.
[00:07:36] Jason: Yeah.Â
[00:07:36] Kelly: But I did improve a lot of properties.Â
[00:07:39] Jason: Okay.Â
[00:07:39] Kelly: Right. Yeah.Â
[00:07:41] Sarah: I think arguably in this market, you are outdoing anything that Iâve ever seen because the befores and afters are just wild. And the rent rates before and after are wild. And this area, yes, you can absolutely get a great deal, a great bargain on real estate, and that doesnât come without its challenges and its problems.
[00:08:06] But one of the things that I think is just so great in this area that you do is you take these distressed properties and you make them beautiful and livable and safe. And you provide a wonderful home now on something before that was dilapidated.Â
[00:08:25] Kelly: And the marketâs full of C class properties. You know, I hear a lot of property managers say, âWhy are you even bothering with those?â
[00:08:31] Well, honestly, there isnât anything else. Yeah, thatâs what we hear. You work with what you got. And I probably wouldnât be a real estate investor if the market wasnât like this. Because thatâs how I got in. I didnât make a ton of money in radio. I didnât. But I made enough to get in, you know, with a C class property.
[00:08:48] And now those C class properties are paying for my life, and my daughterâs life, and itâs beautiful. The property management company? Thatâs just icing on the cake, but I think it might even eclipse what Iâve been able to do with my rentals.Â
[00:09:00] Jason: Oh, Iâm sure.Â
[00:09:01] Kelly: And thereâs a need for it.Â
[00:09:02] Jason: Yeah. Big need.Â
[00:09:04] Kelly: Yeah. So the biggest thing I learned, back to your question about how to vet clients, does their philosophy match mine? Do they believe their C class property could be turned into a desirable place to live? And yes, you will be charging market rent for that, which is a lot more than maybe you thought you could charge. And youâll get a better class tenant that way. Or are they just happy not doing anything to the property, just letting it be what it is and getting whoever they can get into it and, you know, getting whatever money they can for it. I donât really want to work with those people.Â
[00:09:38] Jason: Do you find part of this though is just selling?
[00:09:41] Itâs like convincing them to align with your vision? Because it sounds like you have a better vision than a lot of the people that might come to you.Â
[00:09:48] Kelly: Sometimes when I show them the spreadsheet, of, you know, what Iâve done for some of my other clients, including the first one that I told you about. I mean, I really turned some of his properties around.
[00:09:59] And Iâve tried to fire him twice. Yeah.Â
[00:10:01] He wonât go and, you know, heâs also a third of my income, so Iâm going to keep him on. And, but the thing is, heâs kind of listening to me now. Kind of.Â
[00:10:11] Sarah: Heâs open. Well, I think. Itâs like a walnut shell. Weâve just cracked it open. Maybe some of the good ideas are seeping through.
[00:10:18] Jason: Iâve talked about this before, but I think also part of it is, as weâve seen, you come into your own in more confidence in what youâre doing and the more confident you are, the more some of these A personality types or these difficult personality types will kind of abdicate and allow you to lead them.
[00:10:36] And I talk about metaphorically punching people in the face sometimes. So you probably maybe punched them in the face metaphorically a couple of times since then. And so setting those healthier boundaries. Is something we naturally do when we start to believe in ourselves more. And so what other shifts do you feel like youâve noticed in Kelly?
[00:10:55] Or what are some of the things that DoorGrowâs helped you with? Are you making changes too?Â
[00:10:59] Kelly: Well, like Sarah said, a lot of the mindset stuff, I mean, a big revelation came to me when I was at DoorGrow live.Â
[00:11:05] Jason: Yeah, what was that?Â
[00:11:07] Kelly: Well, first of all, getting to DoorGrow Live was a challenge because I was in the midst of my survival mode.
[00:11:13] Iâm a solopreneur still. I do everything myself. My husbandâs my broker of record, but, like, heâs off doing his thing. Sure. So.Â
[00:11:21] Jason: You were doing everything, youâre really busy, and youâre like, how do I take a break to even just go to DoorGrow Live?Â
[00:11:26] Kelly: Yeah, and, you know, then Iâve got this mindset that, you know, how can I afford it?
[00:11:30] But the thing is, I did have the money to go. Thatâs another thing. Iâve got a poverty mindset I need to get past. And when I went to DoorGrow Live, that was really thrown in my face. Because I was talking about the challenges of being a solopreneur. And one of the pieces of advice that I was given by one of the speakers is, âWhatâs your time worth?â
[00:11:49] You know, you canât be doing all of these things when you pay somebody. Yeah, and I thought, well, whatâs my time worth? And then this little voice in the back of my head said, well, not a whole heck of a lot.Â
[00:12:00] Jason: You told everybody that. You said, ânot a whole heck of a lot.âÂ
[00:12:04] Kelly: Yeah.Â
[00:12:04] Jason: And weâre like, âoh, okay.âÂ
[00:12:06] Kelly: Yeah.Â
[00:12:07] Jason: Yeah.
[00:12:07] Kelly: Well, I mean, that comes from, you know, my background. I grew up without a lot.Â
[00:12:11] Jason: Yeah. You know,Â
[00:12:12] Kelly: I saw my parents struggle. Theyâre working class people. You know, I got into an industry that was on its, you know, downslide when I, I started on the radio in you know, the early nineties, you know, probably right after it started to slide down and, you know, thereâve been multiple layoffs and, you know, voice tracking and automation and, you know, I survived, but I think one of the reasons I survived was I was willing to work really hard for not a whole lot of compensation.
[00:12:40] Jason: Sure.Â
[00:12:40] Kelly: You know, as people were let go and reductions in force, I was given more duties, but not more money.Â
[00:12:47] Jason: Sure.Â
[00:12:48] Kelly: And, you know, you do that long enough, you start getting the message that, oh, well, your time really isnât worth a whole heck of a lot.Â
[00:12:54] Jason: Yeah.Â
[00:12:55] Kelly: Yeah.Â
[00:12:56] Jason: Who decides what your timeâs worth?Â
[00:12:57] Kelly: I do.Â
[00:12:58] Jason: Yeah. I do.
[00:12:59] Yes.Â
[00:12:59] Kelly: I do.Â
[00:13:00] Yeah!Â
[00:13:01] And, you know, thatâsâŠ
[00:13:02] you do now. Yes.Â
[00:13:03] Jason: How has that shifted for you then? Whatâs your perception of your time and the value of it? of your time now?Â
[00:13:09] Kelly: My perception of my time is, you know, first of all, I donât need to be tied to the Henry Ford 40 hour work week or even the 50-60-70-80 hour work week that I hear people say you âshouldâ do when youâre running a business because, you know, itâs impractical.
[00:13:24] I have a daughter. Sheâs a teenager. Sheâs just started high school this year. Sheâs a field hockey athlete and now she wants to be on the swim team and sheâs got needs. Mhm. Right? Iâve got a husband who does not have a cushy job I can fall back on while I do my entrepreneurial thing.Â
[00:13:40] Jason: Right. Right.
[00:13:41] Kelly: Heâs also an entrepreneur.
[00:13:43] We are living off self employment income. So it is a constant, you know, point of stress. So, you know, I need to find out my key productivity time, and thatâs when I work. And sometimes I get four or five hours a day, and thatâs it, of key productivity time. But then I find myself, you know, when Iâm walking the dog, having all these great ideas.
[00:14:06] You know, I do things like I listen to your podcast you know, some great audio books that have been recommended to me. I devoured The One Thing by Gary Keller, the Profit First book. And Iâm starting to implement these ideas. And itâs just sort of like theyâre ladder steps.Â
[00:14:23] Jason: So basically, little by little, youâve been investing in yourself by leveraging reading, getting coaching, doing this stuff.
[00:14:31] And thatâs translated into you valuing yourself a little bit more.Â
[00:14:35] Yeah.Â
[00:14:35] Awesome.Â
[00:14:36] Kelly: Absolutely. And Iâve learned to turn things over, like maintenance, you know, I hired one of the vendors that you recommended, Vendoroo and theyâre, you know, the tenants still text me with maintenance issues.
[00:14:47] Sure. And I text back, âput it in the portal.â Right. âIf you canât put it in the portal, call this number and theyâll teach you how to put it in the portal.âÂ
[00:14:55] Jason: But yeah, probably less willing to take phone calls than you were before.Â
[00:14:58] Kelly: Yeah, Iâve never really taken phone calls.Â
[00:15:00] Jason: Thatâs good, thatâs good.
[00:15:02] Kelly: Thanks me. Get it all in writing.Â
[00:15:04] Jason: So you went through our whole rapid revamp process as well, like with the branding and like getting everything kind of dialed in, pricing. Youâve implemented a lot of things. And so, has that impacted your confidence level as well?Â
[00:15:20] Kelly: Oh, absolutely. I really feel like, you know, Iâm marketing a real brand now with Crimson Cape.
[00:15:25] Jason: Yeah. What, what was it before that?Â
[00:15:26] Kelly: GPGH Management Company.Â
[00:15:29] Jason: Oh, the acronym.Â
[00:15:30] Kelly: Yep. Good People, Good Homes.Â
[00:15:32] Jason: Yeah.Â
[00:15:32] Kelly: You know, just to take off of that and, you know, everything was GPGH. My husband was GPGH Realty.Â
[00:15:38] Jason: It sounds like some sort of drug or something. What do you take in GPGH?
[00:15:42] Kelly: Well, itâs the right market.
[00:15:44] Jason: Okay. Well, then thereâs that GLP 1 joke too that you could put in there. GLP 1. Yeah. But my husband actually reprinted his real estate company because of, you know, he was inspired by what I did.Â
[00:15:54] Yeah. Yeah. Okay. Whatâs his brand?Â
[00:15:56] Kelly: Heâs Gorilla Real Estate. Thatâs the little stuffed gorilla you saw on the way in.
[00:16:00] Jason: Okay, yeah. Yeah, and theyâre different, which is nice. Theyâre not like, you know, kind of mixed together.Â
[00:16:06] Kelly: Right, right. And I donât want, you know, people to really associate us together, even though we do share an office.Â
[00:16:11] Jason: Yeah.Â
[00:16:12] For now.Â
[00:16:13] So youâve gone through the branding, your pricing is different than anyone else in the market.
[00:16:19] Kelly: Yeah. Itâs higher than anyone else in the market too. And that keeps a lot of the riffraff away.Â
[00:16:24] Jason: Yeah. Itâs better to be at the top than to be competing with the garbage at the bottom. For sure. Yeah. Especially in a difficult or lower end market. Yeah. Yeah. So awesome. What other changes?Â
[00:16:36] Sarah: I think, well, how many, weâve gone through the rapid revamp a couple of times, so sheâs done the mindset piece a few times, and I think every time you go through it, you kind of get, like, an extra layer out of it, like almost like the next, like weâre stacking like, levels and levels and levels of different like mindset tips and tricks, and then the perception piece, which once weâre done with the little pieces on the website, we can get that launched for you.
[00:17:04] I think that will make a huge difference. And recently. I mean, for the whole entirety of the time that you were in our program, you had always said âthere is no way I can add more units. There is no way I can do more work. There is no way I can even focus on growth.â And you are now adding new doors.
[00:17:24] Kelly: Yep, I added three last week. I added another two Sunday night from a current client. I didnât know she had another double block. You know how I got those doors? She called me from you know, her poor husband is at the Cleveland Clinic. So she called me from Cleveland and sheâs like âI got a no heat call from this one building that youâre not managing And I canât deal with it. Can you please take these units?âÂ
[00:17:47] Jason: Nice.Â
[00:17:48] Kelly: So I just got two more doors.Â
[00:17:49] Jason: Okay.Â
[00:17:50] Kelly: And Iâm hopefully closing on another five by the end of the week.Â
[00:17:53] Yes!
[00:17:55] Jason: So doors are just starting to flow and youâre able to dedicate time now towards growth which before youâre kind ofÂ
[00:18:01] Kelly: yeahÂ
[00:18:01] Jason: Chicken with head cut off running around and dealing with stuff.
[00:18:04] Kelly: Itâs going to get a little iffy again now that Iâve added these doors, you know, okay. Now I have to onboard all these tenants. And thereâs a couple that come with the vacant units that they want me to rent in January?Â
[00:18:16] Jason: Yeah.Â
[00:18:17] Sarah: The best time of year here.Â
[00:18:21] Jason: Right. Lots of activity.Â
[00:18:23] Sarah: Speaking of vacant units, You have none now in the portfolio that youâre Managing?
[00:18:28] My current portfolio, I filled them all.Â
[00:18:31] Yeah, and how many did you have? Because I feel like all throughout the year I was getting updates and it was like 20 something and down a little bit, down a little bit, and now youâre at zero.Â
[00:18:41] Kelly: Yeah, I filled I think 17 units over the course of the last year.
[00:18:45] Amazing.Â
[00:18:46] 10 of them were filled between September and now.Â
[00:18:50] Jason: Nice. Wow.Â
[00:18:50] Kelly: And Iâve got a few that are coming up. Iâve got, you know, two of my tenants are moving into senior housing. So, you know, that means Iâm probably going to have to redo their apartments because theyâve been living there since like 1965 or whatever.
[00:19:04] Iâm sure theyâre going to need to be some updates.Â
[00:19:07] Jason: So in getting this business started, if you hadnât heard about DoorGrow, or say, DoorGrow didnât exist. Where would you be you think right now?Â
[00:19:15] Kelly: Oh my gosh.Â
[00:19:16] Jason: Whatâd be going on?Â
[00:19:17] Kelly: Iâm not sure Iâd still be doing it.Â
[00:19:19] Jason: You think you would have quit?Â
[00:19:20] Kelly: With this client that I took on from the beginning, if I didnât know any better, I would think this is what property management is.
[00:19:27] Jason: And youâd be like, yeah, right, so talking with us saying you should probably fire this client was probably enough to go, âokay, this may not be everybody.âÂ
[00:19:35] Kelly: Right.
[00:19:36] Jason: Okay.
[00:19:36] Kelly: Right, right. And you know, and you also helped me work with this client. So heâs still my client, and he could be a very good client now that his buildings are cash flowing. But that remains to be seen because I got a little pushback on a repair last night that I wasnât real happy with, but weâll see.
[00:19:53] Jason: Youâre going to set some strong boundaries with this guy.Â
[00:19:56] Kelly: I might have to punch him in the face a third time.Â
[00:19:58] Jason: Metaphorically. Right, right. Metaphorically, weâre not advocating violence. Yeah. Yeah. Okay. Okay. All right. Well anything else that we should chat about or cover? I mean, itâs really been, like I said at the beginning, itâs been inspiring and exciting to see you grow.
[00:20:13] Weâre really excited to see where you take this and weâve seen just it and thatâs why we do what we do. Itâs great to see clients just grow like youâve come so far. Your whole energy is just different. Just how you are from when we saw you at DoorGrow live and youâre like, well, whatâs your time worth?
[00:20:29] And youâre, youâve spouted off, âwell, not very much,â you know, or whatever youâve come a long way. And Iâm really excited to see where you go with this because this could be a really great residual income business. I think absolutely it will overshadow what youâre making off your rental properties, but then it also feed you some more real estate deals in the future.
[00:20:47] For sure as you, as you work this. And so, yeah, I think itâll be interesting. And how does the, the king of Gorilla Real Estate feel about everything that youâre doing?Â
[00:20:56] Kelly: Oh, heâs incredibly supportive. Yeah. I think he misses when I used to just, you know, clean up his bookkeeping for him. We now have to hire someone to do that.
[00:21:05] Jason: Mm-hmm. Yes. Those wealthy problems. Yeah.Â
[00:21:07] Kelly: And yeah, and thatâs another mindset thing I need to get over. And you cover this in the rapid revamp when youâre talking about, you know, the three types of clients you got, your, your normals, which youâre, youâre aiming for.Â
[00:21:18] Jason: Yeah.Â
[00:21:18] Kelly: But then youâve got, you know, your cheapos and your premiums.
[00:21:21] Sure.Â
[00:21:21] Jason: Yeah.Â
[00:21:21] Kelly: And and, and one of the things you talked about, the cheapos is. Are you a cheapo?Â
[00:21:27] Jason: Oh. Yeah.Â
[00:21:27] Kelly: And I realize that, yeah, I kind of am a cheapo.Â
[00:21:30] Jason: You get what you attract. Huh. And so, yeah, weâre blind, we have a blind spot towards which category we are showing up as, and so stretching yourself to not be a cheapo.
[00:21:41] Kelly: I grew up with nothing. You know, I grew up with nothing, so, yeah, thatâs why Iâm a cheapo.Â
[00:21:47] Sarah: Yeah. And I get it, because I too was in that mindset, especially when I lived here.Â
[00:21:52] This area is in that mindset.
[00:21:54] Yes, the whole area is very, and when you find someone who kind of breaks through that bubble, Itâs odd here, right?
[00:22:03] And itâs different. And itâs weird. And itâs like, what are they doing? What is this all about? This is just weird. Like, why are you not, you know, normal like us? And when that was something that I had struggled with for a very, very long time, too, because back when I had lived here, I thought, âokay, well, I want to make more money. And like, I need to make more money. And the only way I can do that is I can either work more hours and maybe get some overtime or maybe I can find a job thatâs going to pay me more and or ask for a raise, or and this is my go to strategy, was letâs just work two jobs, three jobs, four jobs.â I was working four jobs at a time.
[00:22:44] I was working seven days a week and I did that for years and years and years just because, well, this job I maxed out on and I canât get any more money out of here, but I need more money, so, oh, let me just add on another job. Yeah, so I understand that completely and it was just, it was with time that that started to just crack and shift a little bit.
[00:23:02] Jason: Kind of the trap of time for dollars. As if thatâs the only way.Â
[00:23:07] Sarah: Absolutely. Absolutely.Â
[00:23:09] Jason: So yeah, so being exposed just to other people that are not of that mindset probably is cracks that glass ceiling you spoke of a little bit before maybe.Â
[00:23:19] Kelly: Right. Yeah. And what Iâm noticing is that Iâm attracting people, local people, that have a similar mindset and they exist.
[00:23:28] You know, thereâs a lot of entrepreneurs in this area. Chris Jones started Pepper Jam, and he decided to keep his company here.Â
[00:23:34] Sarah: Oh, wow.Â
[00:23:34] Kelly: Yeah, I mean, thereâs, thereâs a few. Tech company, you might have heard of them. But yeah, thereâs, thereâs a few.Â
[00:23:39] Jason: So, you are no longer a cheapo.Â
[00:23:42] Kelly: No. I, well, Iâm working on it.
[00:23:45] Iâm working on it. I catch myself.Â
[00:23:46] Jason: You sayâŠ
[00:23:47] Kelly: I am no longer a cheapo.Â
[00:23:49] Jason: I am more normal.Â
[00:23:51] Kelly: I am more normal.Â
[00:23:52] Jason: Graduating towards premium.Â
[00:23:53] Kelly: And Iâm graduating towards premium.Â
[00:23:55] Jason: Itâs good to be premium. We get to decide this, right? We get to decide this.
[00:24:00] And so as you stretch yourself into more premium experience and recognizing, like, money is not the painful thing to be focused on, thereâs, and thereâs better things to be focused on that are more valuable and more important, like your time. And as you put a greater and greater premium on your time, you shift out of that currency of cash being the, you know, the God of your life controlling you and then you can start to be grateful.
[00:24:26] And I think one of the key things for everybody listening is when we start to celebrate all of the things that we used to complain about related to money, I think this is how we shift out of that poverty mindset is, oh, we got to pay this bill. Thank you God that I have lights and power that Iâm able to afford to do this.
[00:24:44] Or thank you that Iâm able to do this. And when we start to be grateful instead of projecting pain every time we see or hear money, And we start to project gratitude, then we start to attract more money. Like we start to be open to that. And as we shift into normal, yeah, we attract more normals. As we shift into premium, we attract more premium clients.
[00:25:05] And they recognize you. Itâs like, thereâs a knowing between you and them, like, yeah, this is how it works. You come to us and we take care of everything and we take care of you and you get a premium service and product and theyâre like, âyeah, thatâs what I want.â because premium buyers, when they see people that are cheapos.
[00:25:20] They can like kind of smell it on you, right? So then theyâre like, âI donât want to work with this person. Theyâre not going to take care of my property the way that I would want or do things or take care of me the way that I want.â And so investing in ourselves. Sometimes for me, one of my coaches said, âgo get a massage, you know, go do things to invest or take care of yourself to where you feel likeâŠâ you know, anything where we say, I think the poverty mindset is we hear this voice that says, â I donât need that nicer car. You donât need to go get a massage. Why do you need that?â Normal and premium is about shifting beyond need, right? Need is scarcity, need is starving, and need is survival, and so, and then what happens is we have to create drama or problems in our life in order to justify taking time off, so we have to get sick, or we have to justify it.
[00:26:09] Doing something and so when we shift out of that then we shift into a healthier state where we can decide I am going to take a vacation or I am going to take time off. Iâm going to go to DoorGrow live. You should all go to DoorGrow live, so.Â
[00:26:20] Sarah: I highly recommend coming up in May!Â
[00:26:23] Jason: Itâs coming up in May. Go to doorgrowlive.Com. So, all right anything else we should touch on?Â
[00:26:28] Sarah: One thing and I donât know if Iâve ever said this on the coach a call where youâve been on but for me, it was actually Roya Mattis. She, at the time, was in Mary Kay like, and I was in cosmetic sales for Mary Kay, and It was very early in my Mary Kay career and I was kind of learning how to be entrepreneur ish, right?
[00:26:53] Like, âOh, I can write these things off and I can do things differentlyâ and, âOh, this is an expense, but itâs a good expense.â And it was a lot of new things for me. And one of the things that she had said is and Iâll never forget because it just stuck with me and I went, âOh, okay.â Yeah, I need to stop thinking like that right now.
[00:27:11] Is â come tax time, there are people who canât wait for tax time because theyâre waiting. Theyâre depending on that refund and theyâre like, âOh, thank God I get this refund.â Right?â
[00:27:21] A lot of rent gets caught up in it.
[00:27:23] It sure does. Yeah. Funny. All of a sudden they have money. So. Once you start really making money, though, you donât get refunds anymore.
[00:27:33] What ends up happening is you pay money. And not only do you pay money into it, but you now are, like, quarterly paying money. But you don’t have to do that if you’re, like, barely scraping by, if you’re not making money. So, what she said to me is, ” when you’re, like, rich and you’re making money You’re excited to pay this money because you’re making so much money that now, not only are not going to get a refund, but you don’t, you don’t worry about the refund, you’re making money and now you’re paying the taxes and you are going to hit a point where you want to be paying taxes more often than just once a year because that means you’ve reached a certain level and now you’re making a certain amount of money and your goal at that point is then going to be, ‘well, how can I increase this?'”
[00:28:24] And that for me, it just stuck in my head forever. And I went, âOh. Oh, geez. I didnât even realize that.â And at that time I was, I was. Like, âwell, Iâm going to get a couple thousand dollars back, like on my tax refund.â I havenât gotten a refund in years. And itâs true though. Itâs just a different way of thinking about things.
[00:28:40] Itâs like, well, you know, if you make this tiny little bit of money and then I can get, you know, a couple thousand dollars back at the end of the year, or I can make a whole lot more money. And then, yes, I have to make some quarterly tax payments. Man, Iâd rather make a lot more money and Iâll just give the government some of it.
[00:28:54] And then what you have to do is just figure out how can we reduce that as much as possible.Â
[00:28:59] Jason: I would love to see taxes just be reduced dramatically. So, weâll see.Â
[00:29:04] Kelly: But, who knows what theyâre going to do.Â
[00:29:05] Jason: I donât get super excited about paying taxes, but I do get excited. I would rather, like, see more income on my tax return.
[00:29:13] You know taxes every time so.Â
[00:29:14] Sarah: Would you rather make the big amount of money so that you have to pay the taxes in or would you make a really small amount of money so that you get a refund?Â
[00:29:22] Kelly: Yeah, just a really good accountant that can help you zig when the government zagsÂ
[00:29:26] Sarah: So that that was something that she said to me and I went oh, okay, that is a very different way of thinking about it.
[00:29:33] And it just, just stuck with me.Â
[00:29:35] Jason: Yeah. Always looking through the lens of âwhy is this positive?â itâs a healthy mindset for sure. Yeah. Why are taxes positive? All right. Everybody listening is like, âtheyâre not.âÂ
[00:29:45] Sarah: I know. Right. Cool. My brother wants a shout out. So shout out to Jason.Â
[00:29:50] Jason: Whatâs up, Jason?
[00:29:51] Sarah: Heâs like, âyou never shout me out!â Here, here you are. The three of us are waving to you now. So, whatâs up, Jason?Â
[00:29:58] Jason: No, heâs got the same name as me. Everybodyâs like, whatâs that all about?Â
[00:30:01] Heâs dating a Sarah.Â
[00:30:03] Kelly: Oh!Â
[00:30:04] Jason: Which is funny. And you have a stepsister, thatâs Sarah, so heâs got two, three Sarahs in his life right now.
[00:30:13] Three Sarahs, two Jasons, and a partridge in a pear tree. All right. Cool. Well, Kelly, itâs been great coming to hang out in your office and to meet you in person like here in Pennsylvania. Thanks for hosting the DoorGrow show and having us hang out with you and weâre excited to see where you go and how you progress in the program and all the things youâre going to do as you add doors.
[00:30:36] And I think the future is really bright for Crimson Property Management, Crimson Cape. Hey, I missed the Cape. Itâs like superhero stuff here. Yes. I am. I love it. All right. And thatâs it. So if you are tuning in, make sure to check us out at DoorGrow. com. And if you are wanting to grow your property management business, or you are getting burnt out on it, or you are one of the many sucky property management companies that exist, you donât have to be.
[00:31:04] It could be good. It could be better. Then reach out to us. We would love to help you scale and grow your business. We help people from startup all the way to breaking the thousand door barrier. Whatever your goal is reach out to us. Check us out at DoorGrow. com. Bye everyone.Â
[00:31:18] you just listened to the #DoorGrowShow. We are building a community of the savviest property management entrepreneurs on the planet in the DoorGrowClub. Join your fellow DoorGrow Hackers at doorgrowclub.com. Listen, everyone is doing the same stuff. SEO, PPC, pay-per-lead content, social direct mail, and they still struggle to grow!Â
[00:31:45] At DoorGrow, we solve your biggest challenge: getting deals and growing your business. Find out more at doorgrow.com. Find any show notes or links from todayâs episode on our blog doorgrow.com, and to get notified of future events and news subscribe to our newsletter at doorgrow.com/subscribe. Until next time, take what you learn and start DoorGrow Hacking your business and your life.
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