Financial Analysis
Which properties are gems, and which are your underperformers?
A Comprehensive Analysis
A true financial analysis is a vital tool for strategic planning and risk management, ensuring the organization's long-term success and competitiveness in the market.
Have you assessed the performance of each home in your portfolio annually?
An annual assessment can help identify properties that aren't contributing positively to your bottom line and highlight those essential to growing a healthy company, or even weed out the ones bringing down your Net Income. Looking at not only the numbers, but the complaints and quality of the home.
How Do You Increase Your Net Income?
Start by regularly reviewing your revenue management practices. Are you optimizing how often you evaluate them? It might be time to closely examine the fees charged to guests and owners. Are they sufficient to cover all expenses? These are a few areas that could unlock new opportunities for financial growth.
How Do You Reduce Expenses?
Align your spending with your income. Keep a sharp eye on costs that can spiral out of control, like cleaning services. Next, assess your tech stack. Are you using the right software? From accounting tools like credit card management and accounts payable to VRM-specific programs, overlapping software could mean you're paying more than necessary each month. Simplifying could save you a bundle!
Getting Started
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First, fill out a contact form. We'll then schedule a consultation to talk about your goals and how coaching works. This consultation will help me assess if coaching is a good fit for you, and it will also give you the chance to meet me and decide if you'd like to work together.
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After our first meeting, we will develop a personalized financial analysis and individual roadmap for you. Every business solution is unique, as there is no one-size-fits-all approach. I look forward to hearing about your story and discussing how we can accomplish your goals.