NEXUS’ MISSION: REVOLUTIONIZE THE PROPERTY MANAGEMENT INDUSTRY
Competition is at the heart of America’s economy and there’s no doubt that it is essential to what’s made this country the wealthiest and most successful in the history of the planet. But central to our system are the markets that competition creates. Without strong markets, the system falls in on itself. So in that way, while businesses compete with each other for consumers and profits, they’re also relying on each other to build up their individual industries. For example, Coca-Cola and Pepsi are natural rivals who compete through billions of dollars in advertising, and while Pepsi would love to take over that coveted top spot, they still rely on Coke to push the demand for the soft-drink industry to consumers around the world, which in turn helps their bottom line. Similarly, Nexus Property Management®, competes with property managers in the territories we service, but all under the veil of helping real estate investment grow as a popular investment strategy. Income bearing properties are a great way to build generational wealth and we want all property owners, whether they’re our clients or someone else’s, to have the opportunity to invest successfully. It is not a zero sum relationship and ultimately what drives our Nexus teams is the prospect of revolutionizing the way the general public thinks about, and engages with, real estate investment.
MODERNIZATION OF THE SERVICE INDUSTRY: REBRANDING PROPERTY MANAGEMENT
Real estate investment has been around for ages and like many industries it can benefit from a modern reboot to better meet the needs and demands of today’s population. The two greatest barriers to entry have always been access to upfront capital and general understanding of how best to invest. For that reason, real estate investment was long dominated by elite investors and those on main street felt excluded or at best indifferent to these opportunities. That is no longer the reality.
LEARN MORE: HOW THE GOVERNMENT MAKES IT EASIER FOR FIRST TIME BUYERS TO SUCCESSFULLY ENTER THE REAL ESTATE INVESTMENT MARKET
LEARN MORE: HOW TO GET STARTED IN REAL ESTATE INVESTMENT: STEP BY STEP
Another industry that’s been around for ages are gyms, or fitness clubs, or whatever term you prefer for the place that adults go to exercise. Physical fitness as a part of culture has been on the radar since the times of the Ancient Greeks. It would likely surprise many to realize that the YMCA, founded on the principle of “muscular Christianity” has been around since 1844. Gyms have existed for as long as humans have had valued leisure but what gyms look like have changed substantially with time. In the modern era, fitness clubs were most readily used by bodybuilders…or the fitness elite. That is obviously not the case any longer. The fitness world is a billion dollar industry targeting men and women from all walks of life. Not only have any past barriers to entry been broken down, but a more personalized experience has gained popularity in recent years: that being small group led classes and/or the hiring of personal trainers.
Hiring a property manager for your investment property is the equivalent of working with a personal trainer or joining a CrossFit class. Rather than simply working out on your own, you know you can get more bang for your buck working with an expert who will get you the results you want, faster and with less risk of injury. Not long ago, hiring a personal trainer was a luxury for the wealthy. That is no longer the case. For many years, property owners felt they had little option beyond managing their properties themselves. That is no longer the case. Professional property managers can work together to more successfully export this message. Across many realms of our lives, it is becoming common and fashionable to work with an industry professional, and property management is no different.
LEARN MORE: 3 REASONS IT PAYS TO HAVE A PROFESSIONAL PROPERTY MANAGER IN YOUR CORNER
JOIN THE MOVEMENT
In 1936, Jack LaLanne opened his Physical Culture Studio. Many consider it the first modern fitness center and it is most noteworthy because it was created for ordinary men and women who just wanted to be healthier. Nexus Property Management®, along with our cooperative competitors, have the same mission. We don’t exist to create millionaires, we are here to help the common man, and help them achieve their goals of financial independence. Our teams have managed over 1000 units over the last decade and the most common client is the one who owns one three unit apartment. There are thousands of these property owners out there and it’s our mission to help them expand the health of their financial portfolios faster and with less risk than they can do so on their own. Contact any of our offices to learn more about taking advantage of this opportunity.
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Mick Lefort is the Vice President of Operations for Nexus Property Management®. A National Property Management Franchise that manages all types of rental property from single family homes or condos to large apartment buildings and complexes.
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