Property Management Business

Kyle Stephenson, the founder of KRS Holdings, manages a whopping 4,500 rental units across Virginia and North Carolina. He shares insights on building a strong company culture, emphasizing loyalty through unique team events, including an unforgettable trip to the Dominican Republic. Kyle reveals the meticulous daily routines that keep operations running smoothly and shares his advice for struggling property management owners, encouraging them to set clear goals and maintain a positive mindset. His passion for property management shines in stories about tenant impact and community involvement.

Lior Abramovich, Founder of Blanket Homes and former naval commander, shares insights on building trust with property management clients. He discusses the shift from competing on price to fostering relationships as a key to business growth. They explore the importance of prioritizing high-value services and using technology to enhance operations. Lior emphasizes that personalized advice for investors can redefine property management. He wraps up with practical tips for increasing trust and retaining clients by demonstrating value.

Candice Cather, a seasoned owner-broker of STG Rentals with over 20 years of experience, shares her secrets to running a stress-free property management company. She reveals how she dedicates 80% of her time to vision and strategy, which helps her maintain a low 2% turnover rate. Candice emphasizes the importance of intentional growth by selecting high-quality owners and building a positive company culture. She also discusses her morning routine, training systems, and her philosophy of finding joy in work, making it clear that success is more than just numbers.

Pablo Gonzalez, founder of Vendoroo, an AI-driven maintenance coordination platform, dives into the transformative power of technology in property management. He discusses how AI can liberate property owners to focus on strategic growth rather than day-to-day tasks. Marc shares insights on embracing legislation as an opportunity for competitive advantage, the importance of measuring success through leads rather than perfection, and how creating downtime fosters better decision-making. Get ready to rethink your approach to property management!

In this discussion, Ben Burnett, VP of Property Management at Grace Property Management, shares his journey from property manager to executive. He emphasizes the value of one-on-one meetings and effective communication in managing his team of 15. The conversation explores the balance between autonomy and control, the significance of data metrics for decision-making, and the importance of building strong relationships with both clients and team members. Listen in for insights that can transform property management leadership!

Jessica Kampa, the VP of Operations at Grace Property Management, shares insights from her decade-long journey in the industry. She highlights the importance of delegation and structured time management to enhance productivity. Jessica discusses the power of weekly one-on-one meetings in fostering communication and trust within teams. She emphasizes the balance between work ethic and personal well-being, alongside navigating the complexities of leadership in a growing property management environment. Her experiences offer valuable lessons for aspiring business leaders.

In a deep dive into the single-family rental market, Jesse Lederman, a senior analyst from Zelman & Associates, shares crucial insights on current trends affecting property management. He discusses rising maintenance costs, fluctuating occupancy rates, and the shifting dynamics between renewal and new lease rates. With an eye on economic uncertainty, Jesse highlights how these factors influence affordability for renters and the strategies landlords must adopt to navigate this evolving landscape. Expect valuable data to help inform smart investment strategies!

Have you ever made a bad hire? Finding the right people is a frequent challenge for property management companies. Many struggle with hiring processes that lack structure, leading to less-than-ideal hires and high performers leaving. The key to building a strong team and allowing owners to step into more of a CEO role is to implement a consistent, values-driven hiring process. This episode gives property management business owners the tools to attract, assess, and retain top talent. It also highlights the often-overlooked benefits of virtual assistants (VAs) and how to hire them effectively, avoiding common pitfalls. By prioritizing a well-defined hiring strategy, owners can build a thriving business that operates efficiently with or without their constant direct involvement. Find Pete Neubig or VPM Solutions online: https://www.vpmsolutions.com/affiliate/pm-build Lead Simple - manage more doors with less stress using LeadSimple Property Manager Websites - the highest performing property management website in the industry Rentvine - the property management software you can trust NARPM Orlando Event: Register here PMbuild - Marc's education for property managers Join Marc's new property management Facebook group This podcast is produced by Two Brothers Creative.

Explore the ten most challenging states for landlords, where strict laws and high taxes complicate property ownership. Discover how burdensome rent control and eviction regulations especially impact states like California and New York. Dive into the rising trend of accidental landlords as homeowners pivot to renting amidst market shifts, highlighting the need for professional guidance. Learn how technology can streamline property management and improve efficiency, addressing the emotional and practical challenges landlords face in today's complex landscape.

Insights from a recent housing event reveal the surprising profitability challenges faced by top real estate companies. The discussion delves into agent retention struggles and the critical role of a positive workplace culture. There's an emphasis on the need for innovation, particularly through technology and ancillary services. Despite competition from industry giants, the importance of nurturing local relationships remains paramount for successful property management. Discover how these dynamics shape the future of the housing market!