The Profitable Property Management Podcast
194: 43 Years & Counting: How To Stay in The PM Game & Keep Winning with Chris Hermanski
Jan 24, 2024
Industry veteran Chris Hermanski shares insights on managing a successful property management firm, including transitioning the business to the next generation, training and onboarding property managers, breakthroughs in operations through technology, and the future of property management. The podcast also explores investment strategies in rental properties and reflects on the importance of delegation and community support.
39:06
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Quick takeaways
- Transitioning a property management business to the next generation requires careful planning and balancing growth with protecting the business.
- Building a successful property management firm involves embracing technology, utilizing remote team members, and constantly refining processes for efficiency and profitability.
Deep dives
Transitioning the Business to the Next Generation
The podcast episode discusses the process of transitioning a property management business to the next generation. The host interviews Chris Hermanski, a property manager from Mainlander Property Management, who shares his experience of slowly stepping away from the business and handing it over to his son-in-law and daughter. They talk about the fears, priorities, and navigational challenges of this transition, emphasizing the importance of building a profitable legacy and finding a balance between supporting growth and protecting the business.
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