DGS 228: Having the Right Mindset and Achieving Greatness in Property Management

#DoorGrowShow - Property Management Growth

Do you feel comfortable where you are at in your property management business? You might have achieved your initial goals. You started the business, you got the number of doors you wanted… now what?

Today, property management growth experts Jason and Sarah Hull talk about growing beyond the initial goals you set as a business owner by leveling up your mindset.

You’ll Learn

[01:30] Don’t be a slave to your own business

[04:11] You can achieve more

[09:28] The 3 different levels of want

[16:33] The 3 things necessary to achieve

[20:15] Only YOU know what you are capable of

Tweetables

“You know, deep down whether your business is great or not.”

“You're able to make a bigger impact and a bigger difference if you have a successful healthy business.”

“Find a way to justify success because success allows you contribution.”

“You spend your whole life trying to fit in when really you need to spend time trying to stand out.”

Resources

DoorGrow and Scale Mastermind

DoorGrow Academy

DoorGrow on YouTube

DoorGrowClub

DoorGrowLive

TalkRoute Referral Link

Transcript

[00:00:00] Jason: Are you a "kinda" property manager or business owner or entrepreneur or are you non-negotiable, you refuse to be in an industry and not be one of the best. You're going to be great. Like you've committed to being great.

[00:00:14] 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 you are interested in growing in business and life, and you're 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 you're crazy for doing it. You think they're crazy for not because you realize that property management is the ultimate, high trust gateway to real estate deals, relationships, and residual income.

[00:00:51] At DoorGrow, we are on a mission to transform property management, business owners. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market and help the best property management entrepreneurs win. I'm your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, let's get into the show. All right.

[00:01:14] So, a lot has been going on. Last episode, Sarah and I talked about how we had just come back from an event. We had a whole bunch of different ideas. This last week, then her family came to visit, so I haven't been able to implement a lot of these ideas, but it was super great seeing her family.

[00:01:30] And, you know, one thing I was really grateful for during the last week, at the end of the week, I said to Sarah, "you know, it's really great that we have a business that allows us that when we want to, we can have those moments with family. Like family had come to visit, we can spend that time with them." And she agreed.

[00:01:48] And so. This is something that I want all of you to be able to have an experience too. Hopefully you have this already in your business. If you do not, if you're struggling, if you're like, man, "I haven't even taken a vacation, let alone a few days off to spend with family. I haven't taken a vacation or a few days off to spend with family or anything like that in a while," then you have built the wrong business. You didn't build a business for you. You didn't build a business based on what you wanted. You built a business based on what your clients want maybe. You built a business that you let take over and become its own boss. And the business is now in control of you. You are now a servant or a slave to your business, and you should be the one in control, the one in charge. And so if you're in that position, you know, I want you to get out of this. I want to give you an escape route. So I just did a masterclass on the biggest secret killer or thief in a business, and that's interruptions. And I talked about doing a time study, and this is also the beginning gateway to escaping your business and creating some freedom is to do a time study.

[00:02:58] And you can use our time study. If you'd like, reach out to us. We can give you our time study document. Just DM me on social anywhere and just say time study or something like that. And my team will say “what am I supposed to give them? Give them the link to our time study document." But the basic idea is that you're going to track your time every 15 minutes.

[00:03:19] You're going to figure out where your time's going. You're going to figure out: "What am I doing that gives me fulfillment and what am I doing that's taking it away like it's draining me?" And so you're either going to have a plus sign or a minus sign that you're going to write next to every 15 minutes of where your time goes.

[00:03:36] So if you're doing something where you feel like you're in the flow and you really enjoy it and this is fun for you and whatever it is, plus sign if you're like, "man, if I never had to do that ever again, and I had a team member to do that thing..." minus sign. Put down a minus sign. I have a special guest Welcome, Sarah.

[00:03:55] I'm giving up.

[00:03:55] To the DoorGrow show. She was waiting for somebody to show up at our door They didn't show up.

[00:04:00] So, all right. Nope. I was mentioning that if they haven't been able to take a trip or vacation a while, that they should maybe do a time study. So that's kind of where I've gotten so far.

[00:04:11] All right. Cool. So I was thinking at funnel hanging live at the event that we went to, I really enjoyed Eric Thomas. Yeah. And here's my notes from that, but I was thinking we would touch on that for the remainder of the episode.

[00:04:25] Yeah. That's cool. Cool. And it's kind of related. He's an inspirational speaker, this gentleman named Eric Thomas. And he's gotten to speak to Warren Buffett and billionaires and, you know, stuff like this. And he was sharing this idea about this concept of these three levels of desire.

[00:04:42] And he started out by talking about, you have to give yourself permission. So if you want success, you want to achieve, and I want you all to crack your mind open and be open to the idea of having massive success in your property management business. I don't know why you would want to suppress that anyway, right? So be open to the idea that a thousand doors would be a lot more fun, give you a lot more money and be a lot easier to do as a business owner, because you have a great team than doing a hundred doors. Right. And some of your dreams, like a hundred doors, I want you to 10x that. They need to go big, and we also got to hear Dr. Ben Hardy who wrote 10x is easier than 2x, which is a great book that I read. I really love that. So why don't you think 10x bigger, but give yourself permission to dream and the level of your ambition dream and set that level higher. Not to the level of other people's expectations.

[00:05:32] And it talks about this in 10x and Eric Thomas touched about this, but it's the idea that a lot of times we are too afraid to just want, we're too afraid to just want something bigger. And so we feel almost guilty for wanting what we actually want or wanting something big. And so instead we hear this feedback from the world that says, "well, that's nuts. You don't need all that. You don't need a nice car. You don't really need a nice house. You don't need this." And that's other people's expectations. But that might not be what you want. And I really believe God puts desires in our heart for a reason.

[00:06:06] Like, so the first question he asks is "what do you want?" Not what do other people want? Like, what do you really want? And whatever you want is okay. You get to want whatever you want. And then he asked, "why are you here? Why are you here?" And I've heard other coaches ask, what do you want and why does it matter?

[00:06:23] But there needs to be a why. I like, "why are you here?" Because this speaks to your purpose. We have a purpose and what you want and your purpose are probably aligned in some way. Like having, you know, your dream life and being able to benefit others and have success. They're all interconnected. So, and he talks about three levels of want.

[00:06:44] So I don't want to do all the talking. Do you want to talk about the three levels of want?

[00:06:48] Sarah: Yeah. Well, there's something too that I want to kind of add in because I've heard this my whole life and I've been different for a long time and I'm totally fine with being different. Like even, you know, elementary school, high school, like I've just always thought differently.

[00:07:03] I've done things differently. I don't like fit in with like the popular kids. I'm weird. Yeah. I'm weird. And I'm really good with being weird, but sometimes people aren't. And especially when they're in school and they're young and everybody's like, "Oh no, you must conform and you must like fit in."

[00:07:19] You spend your whole life trying to fit in when really you need to spend time trying to stand out, trying to be different. So, I've, like I said, I've always just done things a little differently. And a lot of times when I make a decision, you know, people will ask me like, why do you need that?

[00:07:36] Why do you need that? You know? And I'm like, I don't need it. I want it. And that's been my answer every time. Like my whole life, you know, like I bought, so I refused to my very first home that I ever bought. I bought when I was 26. And until then I had just been renting, but I bought my very first home on my own by myself.

[00:07:55] No help. I did have a mortgage. Yes, but like I didn't get money from my parents or like money from a spouse. Like it was me. I just did it. And I refused to buy a starter home. I was like, I am not going to buy a house that I want to live in for, you know, a year to three years and I'm going to just make it work.

[00:08:15] And then I'm going to like upgrade and, you know, do the normal thing that people do. They're like, "Oh, I'll just start here and then I'll upgrade later." I refused to do that. And so I bought a home that I could live in for anywhere from like five to 10 years, I was like "I'm not doing this stupid game that people do."

[00:08:33] So I just did what I needed to do in order to make that happen. And everybody was asking me like, well, "why are you doing that? Like, just buy a house that's smaller, just buy a house that's less expensive. Just do this. Just like, why do you need all that?" And I was like, "I don't need it. I don't need it. I want it, and it's okay to want big things and it's okay if the things that you want are not necessarily the same things that other people want."

[00:09:01] So I really want to Mention that because I think we get this like pressure sometimes to conform to, you know, societal norms and just, you know, do just do what you're supposed to do. Just do the thing that everybody else does. And there's a lot of times I don't want to do the thing that everybody else does because it's not exciting.

[00:09:22] So it's okay to like think outside of this box that everybody's trying to put you in. But anyway, so, there are three different levels of want. This is one of the things that he was kind of talking about is if you kind of want something and you're like, "Oh, that would be nice." Right. This is what I'm going to call like, "Hey, I'm like, I'm fantasizing" like, "Oh, it'd be nice if one day we could take this amazing vacation and go to Italy for like three weeks and like, you know, tour everything and like just like forget about all of our stresses at home. Oh, wouldn't it be nice if one day we lived in like a million dollar home? Wouldn't it be nice if one day I had a Maserati, right?" Like, and we all do this. Every person on the planet does this.

[00:10:04] Like, "oh, it'd be really awesome. Like, this is like my dream life. Like if I could just snap my fingers and make something happen, like it'd be great if I lived in this mansion, right?" That's when you like, kind of want it. You're like you can think it, you can maybe say it out loud.

[00:10:17] There's nothing solid behind that. You're just like speaking it out and you're like, "oh yeah, it'd be cool if this."

[00:10:23] Jason: Yeah. He said I can't, he says when you kind of want it, it's, but only if it isn't too difficult or inconvenient, I want it. That's how bad I want it. I want it enough that, yeah, it'd be nice, but only if it isn't too difficult or inconvenient.

[00:10:38] That's the lowest level. What's the next level?

[00:10:41] Sarah: So then there's something when you really want it. Now, when you really want it versus when we kind of want it, when you really want it, you're like, "Hey, I'm going to do things, I'm going to make this happen, like I'm going to take some action, you know, I'm going to make some, maybe some choices a little bit differently."

[00:10:58] This is like, "Hey, I'm going to take the thing that I want and I'm going to connect it to action." And that's, I think where most people live, is in this I really want it stage. They're like, "Hey, I really want to make this happen. Like, I'm going to start the business. I'm going to, you know, like make the calls. I'm going to reach out to people. I'm going to promote myself. I'm going to do what it takes." Right. "I'm going to do it." And I think this is where a lot of people think they live right here. You're like, "I'm doing the thing. Here I am like, I'm showing up, I'm doing the thing." Right. And I think what happens a lot of time is this is where we get comfortable because we're doing it. You're like, "I want to start a property management business." And then you did it and now you have clients and maybe you have a team and you've got like, right, you've got money coming in and you're like, "I did it. I did it." Yeah. Cool. Like first, are you dreaming big enough? Like did you started a property management business?

[00:11:47] Maybe you have a couple of doors, maybe you have a hundred doors, maybe you've got 500 hours. Right. But are we thinking like as big as we should be or, and are we living in this like "I'm just kind of doing it" stage. Like I'm doing it. I want it. I wanted it. I really wanted it. I made it happen. And now here I am doing it.

[00:12:03] And I think stage two and stage three are really different. And stage three is when the thing that you want is an absolute non negotiable thing. I don't remember if it was I don't remember if it was Eric or if it was Namaia. I don't remember which one it might've been. It might've been Namaia.

[00:12:21] Jason: Eric is Namaia's mentor.

[00:12:22] Sarah: So yeah, they probably both said it, so, but one of them said, "listen, I have to do this. Like, I want to do it. I want to. Yeah, I want to. Like, I'm committed. I, like, I have the desire. I have the dream, but I also have to do this. I have an obligation to do this. And I have to do this because if I don't do this... he's like, I retired my mom.

[00:12:44] I retired her. She's been retired for 10 years. If I don't do this, if I stop doing this, my mom has to go back to work and that can't happen is like, if I don't do this, my wife has to go get a job and that can't happen. If I don't do this, my kids see me quit and they see me stop and they see me playing small, and that can't happen. So when you want it so much so that it's an absolute non negotiable and you're willing to do anything that it takes, obviously ethically, anything that it takes until you get this thing and then you keep going That's I think a different level than like I just really want.

[00:13:25] Jason: So yeah Eric said that non negotiable level when you want what you want, like you want to breathe, then you'll have it.

[00:13:34] And I thought about that. I mean, you have to want something pretty bad. I know what it feels like to want to breathe. Right. And I mean, that's serious desire. He then got into the three levels of why, cause we talked about why. And again, there's kinda, really, and non negotiable.

[00:13:48] And you know, we have a motive and it's like, "well, I want, you know, kind of as maybe, well, it'd be nice to have some extra cash or whatever." That's not a big enough motive. Really want it, man. "I'm really hurting for cash right now, maybe," but non negotiable is like, "I 100 percent committed. I'm all in on this because this has to work. I have to make this happen. I feel calling inside myself. This is my purpose and I need to fulfill it. I need to achieve it. You know, no matter what the cost." there's always the one way that's going to get us there to make it work, and it's not going to be unethical. It's going to be the right way. And so I think focusing on what do you really want and figuring out what would be a non negotiable for you? Like I'm going to have this and what's a really solid why for some of you, like we were able to, I think last year, like a charity reached out and we donated like four grand to this charity to help, I don't know, homeless people or something.

[00:14:46] And, you know, if I was in a financially difficult spot with cashflow in the business, and personally, I wouldn't be able to just drop money to charity like that and benefit a group, right? And as a company we wouldn't be able to do that. Are you able to benefit groups? Are you able to do good things for other people then you need to be making more money if you're not able to So find a way to justify success because success allows you contribution.

[00:15:13] We talked about the four reasons: Freedom, fulfillment, contribution, and support. Contribution. You're able to make a bigger impact and a bigger difference if you have a successful healthy business. And one of the things that Eric said that I wrote down, he's a inspirational speaker,

[00:15:29] and so he said, "I'm going to be the best inspirational speaker. I'm going to study it. I'm going to do whatever it takes. I'm going to speak before Kings and rulers, you know, I'm going to be the best." He said, "I refuse to be in an industry and not be one of the best in the industry." He said, "be great." So are you a kinda property manager or business owner or entrepreneur?

[00:15:50] Are you like, you know, you really level or you non negotiable, you refuse to be in an industry and not be one of the best. You're going to be great. Like you've committed to being great. I've always had this commitment at DoorGrow. Sarah shares this with me. We've always had this commitment to being the best, and we believe we are the world leaders.

[00:16:12] Nobody else has what we have in property management coaching. We're the best. And I'm committed to staying the best. And this is why we invest so much into the business. In terms of learning, investing in other masterminds, getting coaches, getting mentors. We spend more on that than other programs probably make, you know, other coaches probably make.

[00:16:33] So you talked about three things that are necessary in order to like achieve what you want and have the success. And these three things, I recommend you write these down. First, you need desire. So we kind of talked about that. You have to really want it and you have to have a why and that's that, and then he said, you need an A team.

[00:16:52] You need a really awesome team, like of A players. And then he said, you need a system. And what he shared these examples. He's like, Michael Jordan was, you know, an amazing basketball player. But until he got Phil Jackson as a coach, he was not able to play super well with others and he wasn't able to get championships.

[00:17:11] He needed a system and Phil Jackson created a system that allowed Michael Jordan to win and succeed multiple times. But before then he was just getting lots of points, but he was not winning championships. He then talked about Michael Jackson. Michael Jackson needed a system and then he found Quincy Jones and started to have a ton of success.

[00:17:32] And he shared some other examples. People need a system. And I got really excited when I heard this. I think I leaned over to you and said something. I think I was like, "we're the system." We are the system. I was like so excited. I'm like, that's us. We are the system! We just need to find the Michael Jordans and the Michael Jackson's out there.

[00:17:52] Like the property managers that are like the greats, the ones that want to be great.

[00:17:57] Sarah: And can I say too, because I already know what's going through at least like three quarters of y'all's brains right now, they're going, "well, I'm better than everybody else in my market. So look, I am great." Yeah, and that's fantastic, right?

[00:18:13] But if you're the best one in the market, and you might be, so I'm talking to you right now, because I was the best one in my market, hands down. There was like no competition but I was still playing really small. I got up to 260 doors because I was in that really want it. I wasn't in this, Hey, I'm like going to make this a non negotiable.

[00:18:32] And I know, like, I was very aware. I knew where I was. Jason's like, you could make this a thousand door company if you wanted to. I know that I could, and it would have been really easy. I already know what I would have done. I could have doubled my business overnight and I know that. But I wasn't in this stage where it was a non negotiable.

[00:18:47] So was I the best one in my market? Hands down, but am I really playing full out? No. And I knew I wasn't so if you're thinking like, yeah, but I am the, like, I am the greatest already. You might be but I think the one thing that I would say here because I realized this Actually when I was working at an insurance company, you can't compete with other people That is not don't and we all do this.

[00:19:16] Like this is super common for us to do We go, "oh, well like my neighbor over there just got a new ferrari now I have to get a new ferrari." No, you compete against yourself. So every day you need to be better than you were yesterday.

[00:19:29] That's the game you have to play. You can't worry about what your neighbors are doing, what your competition is doing and what other people in your market are doing. Who cares what they're doing? Let them do whatever they're doing and you worry about yourself. And if you are, you're like, "Oh, I'm already the greatest one in my market."

[00:19:47] Fantastic. Then you got to keep going. So if you're the greatest one in your market like me and I was at 260 doors, don't stop at 260 doors. Don't be like, "oh, I already did it. Like look at me." Keep going. So at 260 doors, double that and then double it again And when you're really on this path, like that is how you become really great.

[00:20:10] Don't just say like, "Oh, I'm already the best in my market. So I'm there." You have not arrived yet.

[00:20:15] Jason: So I think those listening, I mean, you know, deep down whether your business is great or not. Whether you're really delivering the level of service and you know there's flaws. You know you're not at that great level yet.

[00:20:29] And to Sarah's credit, she was running a really effective business. I mean, you had 60 percent plus profit margin and you were part time. She's flexing here. So, but she fell in love with coaching clients at DoorGrow. She was like part time and she was like, "Hey," and she fell in love with something that she then really wanted to be great at.

[00:20:50] Here's the thing. You need to know who you are, ET talked about this. You need to know who you are and you need to become great. Not just the best in your market, if the bar is really low, but you need to become where, you know, deep down is great. And that level you know, Ben Hardy, who wrote the 10X is easier than 2X said the only person that knows your potential, that's between you and God and everyone else might say, "Oh, what you're doing is amazing. It's great." But you might know if there's more and no one else is going to be able to set that higher bar than yourself. You need to know what great is and decide what that looks like, and you need to become great. And what he said when you become great, the system that you need will come like Michael Jordan invested and became great. And then you're The right people were attracted to him. He found Phil Jackson, right? Michael Jackson found Quincy Jones, right? Then when you become great, you will, then the system will come.

[00:21:44] The system is out there. It's available and you will find the right system. And then once you have the system that you need, then you can leverage greatness. Then you can really leverage that greatness and truly showcase your greatness. And you don't have to be the most talented if you got the right system. You don't have to be the smartest

[00:22:04] if you have the right system, you don't need to be different, you just need be a better version of yourself and compete with yourself. And you know, that's it. You just really need the right system. And I got excited because at DoorGrow, we've built the system. We built the system for the best property managers.

[00:22:22] That was our intention. And I was really excited because I'm like, "we're the system! We've got the system." We just need to find those that really want to be great. And so I'm challenging everyone listening. I want you to want to be great, but you've got to want it. No one else is going to do it for you.

[00:22:35] And Sarah wants me to wrap up. You want me to wrap up? We'll wrap up. So only you can do the work, but doing it alone is a choice. That's what he said. So find he had this scripture. He said, find a man that's diligent at what he does. And he will stand before Kings. Nothing can stop you.

[00:22:51] Only you can stop you. You owe you. And then he said, he had people chanting, "I can, I will, I must." And so when you want to succeed as bad as you want to breathe, then you will be wildly successful. And we would love to be part of that journey. I'm a conductor with my pencil. All right. I'm just getting excited.

[00:23:12] I'm going to poke somebody in the eye here.

[00:23:13] Sarah: It's going to be me.

[00:23:16] Jason: "It's going to be me." All right. So anyway, reach out the DoorGrow. We would love to support you. And until next time to our mutual growth, bye everyone.

[00:23:25] 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!

[00:23:51] 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 today's 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.