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Peter Lohmann's Podcast
Merging Mynd with Roofstock President Doug Brien
Oct 30, 2024
Doug Brien, President of Roofstock and a seasoned expert in real estate and finance, shares insights from his remarkable career. He discusses life after merging companies, emphasizing the importance of data ownership for property managers. Doug highlights the advantages of in-house accounting software, especially with AI integration, and explores the challenges that prevent large-scale asset firms from emerging. Join him as he dives into innovative solutions for property management and strategies for scaling effectively in a competitive market.
49:01
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Quick takeaways
- Controlling data is essential for property management companies to enhance efficiency and create tailored solutions without relying on external providers.
- The transition post-merger can be streamlined through collaboration, aligning company cultures, and leveraging combined strengths to foster innovation and new service offerings.
Deep dives
Data Control and Value Generation
Controlling data is crucial for property management businesses, allowing them to maximize value. Ownership of data enables companies to create tailored solutions that enhance property management efficiency without relying on external providers. By utilizing their data teams, businesses can strategically structure and leverage their information to develop advanced systems. This self-reliance is centered on the belief that maintaining control over technology and data will ultimately yield greater benefits than outsourcing.
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