Peter Lohmann's Podcast How NARPM 2.0 Is Reshaping Property Management with DD Lee
Oct 16, 2025
DD Lee, an experienced property manager and industry leader, moved from overseeing 12 rentals to growing Skyline Property Management to 500 units before selling to PURE. She discusses the emotional journey of that sale, emphasizing the importance of 'detachment.' DD highlights the challenges of HOA management versus single-family properties, and how NARPM is evolving into its '2.0' phase, focusing on strategic leadership. With practical advice for selling management companies and insights into post-sale purpose, her story provides valuable lessons for industry professionals.
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Plan Life After The Sale
- Before selling your business, decide what will fulfill you afterward so you avoid post-sale depression.
- Line up other ventures or purposes first to prevent an identity crisis after the sale.
From 12 Doors To Thousands
- DD Lee grew from managing 12 personal rentals to a 500-door third-party firm and a 3,000-door HOA division.
- She sold Skyline to PURE in 2021 and remained with PURE while increasing industry involvement.
HOA Books Smooth Revenue Swings
- HOA management delivers steadier income than single-family rentals because fees and budgets change less with market swings.
- That steady revenue can keep a company afloat during low rental-market periods.