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Daily Archives: August 18, 2018

What We Can Learn from the Failure of Castle Property Management

Flowers and Associates LLC. Saturday, August 18th, 2018 Comments Off on What We Can Learn from the Failure of Castle Property Management

How would you grow your property management business with a $3 million investment, and what can we learn from the sudden and surprising failure of Castle Property Management?

These two questions may not sound like they logically go together. But they do, as you’ll learn in this week’s Property Management Show podcast.

You’ll also learn about the warm fuzzies.

Storming the Castle

If you haven’t been following the latest news, Castle Property Management was a VC-backed, technology-first property management company in the Detroit area that endeavored to innovate the property management industry by providing on-demand services through an automated platform.
Sounds like a great idea, so why did they crash and burn car-over-cliff style?

Deconstructing Failure

High Chancellor an… Continue Reading What We Can Learn from the Failure of Castle Property Management

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Acquiring Property Management Companies: Financing Deals, Finding Deals, and Integrating Processes

Flowers and Associates LLC. Saturday, August 18th, 2018 Comments Off on Acquiring Property Management Companies: Financing Deals, Finding Deals, and Integrating Processes

Are you the absolute best property manager in your market right now? If your answer is yes, that’s fantastic – keep doing what you’re doing, and consider acquisition as a growth strategy.
If you’re not sure, or if you’ve dropped from 350 doors to 200 doors in the last couple of years, and you don’t have the heart to reverse that cycle, maybe it’s time to sell your company while it still has value.

That’s what Mike Kalis proposes, and he tells Alex about his process for acquiring property management companies of all shapes and sizes on this week’s Property Management Show podcast.

Mike is the CEO of Marketplace Homes, a company managing 3,100 doors in 19 states. Together, they broke down the three challenges of acquiring management companies:

– Hey, Big Spender: Fina… Continue Reading Acquiring Property Management Companies: Financing Deals, Finding Deals, and Integrating Processes

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