Episode 53: Opportunities in the Property Management Industry, Featuring Brad Larsen of RentWerx San Antonio

Most everyone would agree that 2020 was a challenging year for running a business, regardless of industry.  For many property managers, it’s great to still be standing after all of the challenges presented from the COVID-19 pandemic. As we enter 2021, maybe in the midst of planning and goal setting for the year, there is no better time to be pondering the business opportunities available in the property management industry.

On this episode of Property Management Brainstorm, Bob discusses the topic or opportunities in property management with Brad Larsen, Broker/Owner at RentWerx in San Antonio, TX.  Brad is very plugged into the industry so it's a lively discussion about some great opportunities in the industry that are ripe for the taking.

Topics Covered

[2:25] Brad introduces himself and company, RentWerx San Antonio as well as his upcoming conference PMMCON. He also shares his experience from the recent Texas freeze weather event.

[5:45] A common theme in the industry - many plans and goals got tabled in 2020 during the peak of the COVID-19 pandemic. How many property management companies are regrouping in 2021 and things we learned in 2020.

[8:30] Setting the context for discussing "opportunity" in property management.  

[11:50] Bob takes Brad through a "lightening round" to get his reaction and description on some new industry buzzwords: Virtual Showings, Remote Team Members, Process Automation, Artificial Intelligence, Zero Touch Leasing.

[23:25] Overcoming resistance to change from your property management staff.

[26:30] Why home sales as a realtor is huge opportunity for most property management companies. 

[29:35] Opening new property management territories - opportunity or huge challenge?

[31:45] HOA management as an opportunity in property management.

[33:40] Bob and Brad discuss in-house maintenance as a property management opportunity.

[37:15] Brad shares a personal story about the importance of accounting standards and monitoring the company books.

[41:10] Property shares the Property Management Mastermind Conference details (PMMCON) coming up May 20-22, 2021.

Connect to RentWerx San Antonio

Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/

This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.