Property Management Articles

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How Remote Can You Go? Running a Virtual Property Management Business Without Sacrificing Service

Flowers and Associates LLC. Sunday, December 16th, 2018 Comments Off on How Remote Can You Go? Running a Virtual Property Management Business Without Sacrificing Service

How Remote Can You Go? Running a Virtual Property Management Business Without Sacrificing Service

Have you ever thought about ditching the office?

In this week’s episode of The Property Management Show, Alex answers a question from one of his listeners: Is it possible to run a property management company virtually?

Alex’s guests are Neal Pulanco and Mike Sargent from HomeQwik and yesVIRTUAL, and they say it’s not only possible – it’s better.

Do You Really Need an Office?

You may be spending money on office space that you don’t actually need. After all, you’re probably meeting owners and investors at the properties they own, not in your office. How many tenants actually sit at your desk to talk about the application or move-in process?

When… Continue Reading How Remote Can You Go? Running a Virtual Property Management Business Without Sacrificing Service

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How I Did It Kristin and Shawn Johnson Discuss the Successes and Failures of Independence Capital Pr

Flowers and Associates LLC. Friday, December 7th, 2018 Comments Off on How I Did It Kristin and Shawn Johnson Discuss the Successes and Failures of Independence Capital Pr

Kristin and Shawn Johnson, the owners of Independence Capital Property Management, dropped from 615 to 500 doors on purpose.

Why?

Because they realized that not all business is good business. And, it worked. While trimming those doors, their revenues increased by 12 percent.

Alex talks to them about how they did it in this week’s edition of The Property Management Show.

Building a Business: Getting to 100 Units

You’ll learn that while you’re waiting for the phone to ring, you should be doing a few important things:

Investing in property management software.
Developing systems to management property.
Joining and networking through NARPM and similar associations.

Mistakes Were Meant to be Made

Alex talks to Kristin and Shawn about some of the mistakes they made a… Continue Reading How I Did It Kristin and Shawn Johnson Discuss the Successes and Failures of Independence Capital Pr

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The Next Big Thing in Property Management Innovation: Talking Data and A.I. with Home365

Flowers and Associates LLC. Friday, November 30th, 2018 Comments Off on The Next Big Thing in Property Management Innovation: Talking Data and A.I. with Home365

Are you thinking about what data and artificial intelligence can do to make your property management company more efficient and cost-effective? When it comes to maintenance, there are some new and interesting things to think about.

On this episode of The Property Management Show, Alex talks about maintenance delivery with Daniel Shaked, the founder of Home365.

The Home365 Model: New Best Friend?

Home365 uses technology to deliver end-to-end maintenance services to homeowners, and you may be thinking hold your horses, we’re property managers and we have maintenance handled just fine, thank you very much.

But wait, there’s more.

Alex challenges Daniel on what his company can do that property managers can’t do and you may be surprised that this can help your busines… Continue Reading The Next Big Thing in Property Management Innovation: Talking Data and A.I. with Home365

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How I Did It: Lisa Wise Discusses the Growth and Expansion of Nest DC

Flowers and Associates LLC. Saturday, November 17th, 2018 Comments Off on How I Did It: Lisa Wise Discusses the Growth and Expansion of Nest DC

Lisa Wise and Nest DC earn over $3 million a year in revenue, but they still work like they’re in a start-up phase.

Why? Because growth mode requires inspiration and excitement.

As part of the How I Did It series, Alex interviews Lisa on this week’s edition of The Property Management Show.

What Has Lisa Learned in the Last 10 Years?

If you’re not making mistakes, you’re not experimenting enough. Alex and Lisa discuss a few of the things that can easily trip up a company in the early stages of growth. Things like:
* Trying to piece together systems like insurance and legal protections when you really need to just invest in expertise from the get-go.
* Complementary Business Units (CBUs) are great if they’re not only designed to make money. They should be… Continue Reading How I Did It: Lisa Wise Discusses the Growth and Expansion of Nest DC

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All about Acquisitions: Michael Catalano and Steve Rozenberg Discuss Evaluation and Integration

Flowers and Associates LLC. Sunday, November 11th, 2018 Comments Off on All about Acquisitions: Michael Catalano and Steve Rozenberg Discuss Evaluation and Integration

All about Acquisitions: Michael Catalano and Steve Rozenberg Discuss Evaluation and Integration

Mike Catalano thinks acquiring property management companies is fun. That’s probably why he’s so good at it.

But, why would anyone want to buy a property management company?

For growth, of course.

On this week’s episode of The Property Management Show, Mike and Steve Rozenberg join Alex to discuss how to acquire and integrate a property management company.

It Grows Both Ways

You don’t have to do it one way or another. You can pursue steady growth through organic channels. Your marketing and advertising may bring in 100 or 200 leads a month – that’s fantastic. It doesn’t mean you can’t start thinking about acquiring companies, too. It provi… Continue Reading All about Acquisitions: Michael Catalano and Steve Rozenberg Discuss Evaluation and Integration

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What Does Fiscally Responsible Growth Look Like? Twelve Markets and 4,000 Properties in 2.5 Years

Flowers and Associates LLC. Saturday, October 13th, 2018 Comments Off on What Does Fiscally Responsible Growth Look Like? Twelve Markets and 4,000 Properties in 2.5 Years

What Does Fiscally Responsible Growth Look Like? Twelve Markets and 4,000 Properties in 2.5 Years – How Benton Cotter Did It

What would you do with the revenue from 4,000 extra doors in the next two years?

If you’ve been listening to The Property Management Show for any amount of time, you know by now that there are several ways to grow a property management business. On this week’s episode, Alex talks to Benton Cotter of RentVest about yet another way to quickly grow your business.

He calls it fiscally responsible growth, and you’ll want to know what that means.

Low Overhead but Plenty of Breathing Room

Benton’s growth strategy is a little different, and includes some interesting elements such as:

Hiring entrepreneurs instead of Business Development … Continue Reading What Does Fiscally Responsible Growth Look Like? Twelve Markets and 4,000 Properties in 2.5 Years

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Steve Welty Talks about How to Dominate the World or your Property Management Market

Flowers and Associates LLC. Saturday, October 6th, 2018 Comments Off on Steve Welty Talks about How to Dominate the World or your Property Management Market

Are you still feeling passionate about property management?

On The Property Management Show, Alex talks to Steve Welty of Good Life Property Management. They cover a lot of topics, but the first thing they had to discuss was hair.

Alex’s hair.

He’s having some trouble with it because he refuses to go back to his barber.

Why does Alex refuse to go back to his barber? Check out the podcast, and you’ll find out.

You’ll learn some other things on this episode of The Property Management Show:

Revisiting the Three Pillars of Success

The three pillars of success (which you should know by now) are:
Know your purpose
Know your numbers
Be willing to innovate and experiment

Passion is an important ingredient in all these pillars, and Alex and Steve talk about how … Continue Reading Steve Welty Talks about How to Dominate the World or your Property Management Market

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How I Did It: Stephanie Gordon Shares the Challenges that Helped her Succeed

Flowers and Associates LLC. Tuesday, September 18th, 2018 Comments Off on How I Did It: Stephanie Gordon Shares the Challenges that Helped her Succeed

Would you like to learn how some of the most successful property management entrepreneurs overcame their biggest struggles and challenges in order to grow?

Have we got the podcast series for you.

This week, Alex starts the How I Did It series of The Property Management Show. His first guest is Stephanie Gordon, owner of the immensely successful Gordon Property Management.

You’re Fired

You’ll hear Stephanie talk about how managing employees is one of the biggest challenges she faces. How it’s hard to fire an employee and it’s even harder to fire a client. But, you have to.

Why?

Because it’s a measure of success.

You’re Hired

You’ll also hear about Stephanie’s first employee and her second. What it was like to purchase a property m… Continue Reading How I Did It: Stephanie Gordon Shares the Challenges that Helped her Succeed

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Doug’s Property Management Startup Raises $35 6 Million, do you Mynd?

Flowers and Associates LLC. Friday, September 7th, 2018 Comments Off on Doug’s Property Management Startup Raises $35 6 Million, do you Mynd?

How would you put $35.6 million to use in your property management business? Would you invest in new technology, new systems, and cutting edge marketing?

The Property Management Show this week is all about innovation and a new way of doing business.

Alex talks to Doug Brien, a former NFL kicker with the San Francisco 49ers and a property management entrepreneur. He was the co-founder of the immensely successful Waypoint Homes, and he’s now heading up Mynd.co, a property management company that has raised $35.6 million from venture capitalists.

Mynd Your Business

The philosophy behind what Doug and his team at Mynd are doing is simple: they want to make real estate investing easier for everyone.

They’re working to close the performance gaps they currently see in the in… Continue Reading Doug’s Property Management Startup Raises $35 6 Million, do you Mynd?

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How to Hire the Best Team to Grow Your Property Management Business

Flowers and Associates LLC. Sunday, August 26th, 2018 Comments Off on How to Hire the Best Team to Grow Your Property Management Business

Kathleen Richards is the kind of coach who stands around in a headband and a whistle, screaming drop and give me twenty! And when you’re done with your push-ups, she’ll have you run a few laps just because.

No, not really.

But she is the kind of coach entrepreneurs like you need. She’s focused, goal-oriented, and not afraid to tell property managers how to grow their businesses in a way that makes sense. Because what matters is not the number of doors you manage – it’s the number of doors you manage well.

Check out the podcast this week where she talks about how to balance a team, who to hire, and how to hire – even if your bottom line isn’t as healthy as you’d like it to be.

Stop trying to do it all yourself.

The podcast will have y… Continue Reading How to Hire the Best Team to Grow Your Property Management Business

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