The Multifamily Wealth Podcast #107: A Tactical Conversation About Multifamily Asset Management, Operations, and Property Management with Peter Lohmann
In this week's episode, I'm bringing back Peter Lohmann, CEO of RL Property Management, based in Columbus, OH. Peter is a former engineer, expert systems/process builder, and one of the brightest minds in the property management industry. He is also really active on Twitter, where he shares loads of insights related to property management, asset management, and small business ownership.
In this episode, I wanted to do a deep dive into operations - the multifamily investors who operate well throughout the next 12-24 months will be the ones who thrive amidst market uncertainty. We discuss the differences between asset management and property management, how to dial in your leasing process, and general tips for owners who want to get the most productivity out of their management company.
Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.
Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.
Show notes:
-How Peter got into property management
-We talk about starting a property management company
-We discuss typical reasons why people are upset with their current management company
-We learn how Peter arrived at his firm's pricing model (it's unique!)
-Peter shares the traits that he believes separate great investors from average investors, based on his experience being a PM
-We discuss the different parts of the leasing process (arguably the most important component of operations)
-Peter talks about how investors can dial in their leasing process
-We discuss the difference between self-managing properties and big property management company
-We learn more about tenant retention and how to lengthen the stay of an average tenant - critical!
CONNECT WITH PETER
https://twitter.com/pslohmann?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
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