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Peter Lohmann's Podcast
The Power of Local Market Equity with Rhome President Charles Riska
Nov 13, 2024
Charles Riska, Senior Vice President at Associa and President of Rhome Property Management, shares insights from his extensive career in property management. He discusses innovative strategies for scaling through acquisitions while preserving local brand identity. Riska emphasizes the importance of strong leadership and employee loyalty to maximize success during transitions. He also dives into the current M&A landscape, addressing challenges and opportunities in a fluctuating market, all while highlighting the significance of data analytics in optimizing performance.
56:04
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Quick takeaways
- Charles Riska highlights the importance of local brand equity in property management, emphasizing that established companies retain significant value through client relationships.
- Roam Property Management's unique acquisition strategy prioritizes full stock purchases to preserve company culture and maintain leadership structures post-acquisition.
Deep dives
Charles Riska's Background and Experience
Charles Riska discusses his extensive experience in property management, beginning his career in 2008 at Prime Properties in Dallas, which later became OneProp. Under his leadership, the company expanded to manage 6,000 doors across 14 markets in nine states. Riska and his partners later founded Pathlight Property Management, which became successful in managing assets before selling to Home Partners of America. This rich history of large-scale property management laid the groundwork for his role in founding Roam Property Management.
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