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Preparing Your PM Business for an Additional Location: How to Grow without Acquisition

Flowers and Associates LLC. Tuesday, March 5th, 2019 Comments Off on Preparing Your PM Business for an Additional Location: How to Grow without Acquisition

Are you ready to expand your property management company into a new location? It’s great for growth, but if you’re not already known in that new market, how do you generate business without acquiring a local company?

This week on The Property Management Show, Alex talks to Jason Rose, who shares everything he knows about opening a property management company in a new location.

(By the way, if you’re still not sold on the value of Business Development Managers (BDMs) in property management, you should know that Jason’s company grew by 945 doors in one year thanks to the work of six BDMs.)

People and Processes in New Locations

Don’t even think about opening a new office without the right people and processes in place.

Jason and Alex talk about the importa… Continue Reading Preparing Your PM Business for an Additional Location: How to Grow without Acquisition

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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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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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