The Profitable Property Management Podcast
184: Stop Unit Churn By Selling To Other Owners - Meet Blanket
Nov 8, 2023
Lior Abramovitch from Blanket Homes discusses the problem of churn in property management and how their platform enables internal sales within a property manager's portfolio. Benefits include increased revenue, visibility into portfolio performance, and automated communications to owners. They also talk about macroeconomic trends in real estate and opportunities for property managers.
55:10
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Quick takeaways
- Property managers often lose revenue due to owner churn, especially from owners selling properties.
- Traditional methods of double ending deals or acting as a broker within the property management shop are less effective in combating churn.
Deep dives
Solving the Problem of Owner Churn
Leor Abramovich from Blanket Homes discusses the challenge of owner churn in the property management industry. He shares his personal experience in the SFR space, where property managers are losing significant revenue due to owners selling their properties. He highlights the need for property managers to retain owners and offers a solution to keep properties in their portfolio while maintaining future profits.
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