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Acquisitions Anonymous - #1 for business buying, selling and operating
$430k Condo Property Manager in Florida / $692k Property Manager in Nevada - e38
Jul 28, 2021
This week’s guest is Peter Lohmann, a property manager from Columbus, OH, who dives deep into the world of real estate acquisitions. He shares insights on successfully managing properties and evaluating deals, like a $430k condo in Florida and a $692k property management company in Nevada. Discover essential financial metrics for acquisitions, the challenges of HOA management, and strategies for navigating corporate divestitures. Peter’s expertise shines through as he navigates the complexities of the property management landscape.
40:22
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Quick takeaways
- The podcast highlights the importance of a solid local reputation in property management, demonstrated by a Nevada company thriving through word-of-mouth referrals without advertising.
- Challenges in managing homeowner associations, such as fluctuating board dynamics and lower fees, underscore the need for effective client relationship strategies during acquisitions.
Deep dives
Introduction of Guest and Background
The episode introduces special guest Peter Lohman, an experienced property management professional based in Columbus, Ohio. Peter began his career as an electrical engineer before transitioning into real estate, where he and his partner started acquiring single-family rentals. Eventually, in 2013, they founded RL Property Management, which has since grown to manage over 500 units for approximately 200 clients. His insight into property management and his experience with business acquisitions make him a valuable contributor to the discussion.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode