It’s been almost a year now since I last posted our sales revenues at LandlordMax (May 2007). Therefore I figured today was as good a time as any to update our progress and growth. You can find our sales revenues chart below:
As you can clearly see, our growth it ongoing. The current real estate crash is not adversely affecting us. Actually on my last post a year ago I predicted this would happen, with greater effect the more the real estate market crashed.
Of course I’d love to take all the credit for growth, that my company is solely responsible for all this growth. And there’s no doubt that the biggest reason for our growth is ourselves, but I really think the real estate crash is helping us. What I believe is happening is that the real estate flippers (those banking on capital appreciation) have basically been squeezed out of the market. And this goes for subprime borrowers too that cause increases in real estate prices (the higher the demand the higher the prices). What’s now left is the core group of investors, those that have larger real estate portfolios for cash flow (monthly income). Investors that need software like LandlordMax to manage their real estate portfolios. Hence increasing the demand for property management software like LandlordMax.
In any case, the last time I posted we had just started to reach new heights, and again this year history is repeating itself. It’s great! In the last 3-4 months we’ve consistently increased our revenues to another level again. It’s been a great ride and I can’t wait to see what the future will bring!