Episode 8 - Asset Management vs Property Management

Episode 8 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss:

(00:00) Intro

(01:40) Asset management vs property management (PM)

(07:09) How clients typically evaluate property managers

(07:48) Institutional owners separate asset mgmt and PM

(08:47) Sub-intuitional owners combine asset mgmt and PM

(10:39) Owners expecting too much of property managers

(14:14) Peter's effort to standardize property management

(16:07) Going to a car mechanic

(18:42) Buying shoes - the power of standardization

(21:33) Why PM companies resist standardization

(23:02) What are the advantages of standardizing PM?

(27:14) GAAP for property management scope of service

(28:37) Property Management Standards Working Group

(31:24) What about a standard PMA?

(32:56) Peter's new mission for RL Property Management

(33:54) Property managers are not trusted by the public
---

Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10

Learn more about Peter & how to connect with him here: peterlohmann.com

RL Property Management manages Columbus area rental properties: rlpmg.com