Evernest Property Management Show Episode 144: The Evernest Story, Part 6 - Inside Our Latest Acquisitions
Feb 17, 2025
This episode dives into the ambitious journey of managing 23,000 doors and aiming for 250,000 by 2024. The hosts discuss the significance of strategic partnerships and the complexities involved in recent acquisitions. There's a focus on the importance of aligning values with workplace culture and communication strategies during transitions. They reflect on the financial risks of big deals while celebrating daily victories, all while navigating the evolving landscape of property management and leveraging technology for future growth.
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Relationship Building
- Matthew Whitaker built relationships with industry leaders over a decade.
- This led to opportunities like the Poplar Homes acquisition.
Industry Trends
- Two trends exist: building best-in-class technology to lower management costs and traditional roll-ups under one brand.
- Poplar Homes combined both approaches.
Poplar Homes' Origins
- Poplar Homes, founded by Rico, Greg, and Chuck, started in a garage.
- They successfully scaled to 9,000 homes and several HOA doors.