Evernest Property Management Show Episode 153: Losing It All in 2008: How He Turned a Failing Business into 470 Doors | Todd Ried
Jul 21, 2025
In this discussion, Todd Reid, Broker owner of DKRentals.net, dives into his dramatic journey from losing everything in the 2008 financial crash to managing 470 properties in Atlanta. He shares actionable steps for aspiring entrepreneurs, emphasizing the grind of property management and the power of community. Todd reflects on the adrenaline of deal-making versus the benefits of stability in recurring revenue. He also reveals why aiming for 1,000 doors no longer intrigues him and highlights the importance of mentorship in his success.
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2008 Crisis Forced Business Pivot
- Todd Reid experienced severe business disruption when the 2008 financial crisis caused banks to fail and lending to stop.
- This forced him to shift focus fully to property management after mass layoffs and financing collapse.
Join NARPM to Accelerate Growth
- Join industry groups like NARPM early to gain knowledge and accelerate your property management success.
- Avoid trying to figure everything out alone; community support expedites learning and growth.
Self-Managing Investors Are Competitors
- The main competitor in property management is self-managing investors, not other property managers.
- Improving industry professionalism reduces self-management and benefits all operators with more business.
