How processes could be saving you $75 (or more!) per door, per month

4 hours, 54 minutes per door, per month.

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That’s how much time LeadSimple processes could save you.

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‍That’s $75 a door per month at $15 an hour. 

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How do we know this?

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To find out, let’s take a look at the real world data and the simple calculations we used to arrive at this number.

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How many processes does the average property management company need to run every month?

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We need to know how many processes a PM company runs every month in order to see how much time could be saved.

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We'll start with some average assumptions about the property and tenant lifecycle:

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Next, we can use those assumptions to get a total number of processes per property during its lifecycle with our company:

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Now we know that the average number of processes per door across the entire property lifecycle is 153 processes.

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That’s 17 per door per year during an average 9 year property lifecycle. Or 1.42 processes per door, per month.

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How much work goes into those processes?

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Now that we have that info, let’s take a look at the amount of work involved in actually completing those processes.

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Every process requires the following to stay on track:

• Remembering to start the process and do the work
• Collecting, using, and updating data throughout the process
• Sending emails and text messages to clients and vendors
• Determining the next step in the process
• The mental bandwidth to remember and apply the company policy in different situations
• Auditing the process and holding employees accountable
• Fixing mistakes
• Replying to inbound questions and complaints
• Apologizing for mistakes to owners and tenants
• Internal meetings and communication to keep the team on track and update each other
• Training new employees to do the work

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Notice that all of that ^^^ is unseen, unanticipated work, completely outside the actual work of the process. 

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Finally, let’s make some assumptions about the amount of time each of those tasks would take per process.

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LeadSimple Operations automates the above work by:

• Starting processes automatically
• Making the relevant data available and keeping it automatically updated throughout the process by integrating with your property management software
• Automating your outbound, proactive email and text communication with owners and tenants
• Allowing you to build conditional logic into your processes so every common situation and process branch is documented
• Providing full instructions, links, and policies right there in the task instructions for your team
• Tracking upcoming, overdue, and completed tasks in an easy to access dashboard to see at a glance where every process is at
• Avoiding mistakes through task reminders and full documentation
• Proactively addressing questions and concerns throughout the process before they arise

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Add up the average time saved and you get:

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4 hours, 54 minutes per door, per month. (That's $75 a door a month at $15/hour!)

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What will YOU and your team accomplish with all that time? That’s up to you to decide.

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Ready to take your processes from 🔥 to ☕️? Get started with LeadSimple Operations today! Schedule a demo.

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