Peter Lohmann's Podcast

What Private Equity Thinks About Property Management with Brent Beshore

11 snips
Jul 17, 2024
Special guest Brent Beshore, Founder and CEO of Permanent Equity, discusses the challenges of businesses being 'loosely functioning disasters', the unique approach of Permanent Equity in acquisitions, and tips for SMB owners on finding quality people. He also talks about avoiding debt, being disaster-resistant, and the complexities of private equity investments in property management companies.
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INSIGHT

Businesses as Disasters

  • All businesses are loosely functioning disasters, and some happen to make money.
  • Acknowledge this reality and focus on improvement, not perfection.
ADVICE

Problem Prioritization

  • Evaluate problems based on probability and magnitude.
  • Prioritize high -magnitude, high -probability issues, and delegate or ignore low -impact ones.
ANECDOTE

Permanent Equity's Evolution

  • Brent Beshore's firm, Permanent Equity, evolved from using personal funds to managing hundreds of millions in outside investments.
  • A pivotal moment was when Patrick O'Shaughnessy asked, "What would it take for you to take our money?"
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