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Peter Lohmann's Podcast
The Swiftly-Changing PM Landscape with Matthew Tandy
Nov 6, 2024
Matthew Tandy, CEO of Formatic Property Management, shares his journey from finance to managing 3,500 properties. He discusses untapped opportunities in property management and unconventional strategies to enhance profitability. Matthew emphasizes the importance of a positive company culture, continuous training, and adapting to legal complexities. He also tackles the public's perception issues in the industry, advocating for transparency and redefining landlords as 'housing providers' to improve the overall reputation of property management.
01:09:14
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Quick takeaways
- Matthew Tandy illustrates how unconventional career paths and networking can uncover rewarding opportunities within the property management industry.
- The complexity of California's regulatory landscape necessitates property managers to stay informed and foster relationships with local authorities for successful navigation.
Deep dives
Understanding Voting Power in Property Management
Most property owners and landlords often do not reside in the same voting districts as their properties, which means that tenant voices carry more weight in local elections. Recognizing this dynamic is crucial for property managers as they navigate relationships with tenants and local regulations. Negotiating reasonable terms, such as reducing notice periods, can foster goodwill and mutual respect between landlords and tenants, ultimately benefiting all parties involved. Failing to acknowledge the significance of tenant perspectives can lead to negative outcomes for property managers and landlords alike.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode