Peter Lohmann's Podcast

Episode 16 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss: (00:00) Intro (03:55) Communication Issues  (11:54) Fees (18:39) Vacancies  (36:58) Large Expensive Repairs (43:50) Accounting Clarity  --- Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10 Learn more about Peter & how to connect with him here: peterlohmann.com RL Property Management manages Columbus area rental properties: rlpmg.com

Episode 15 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss: (00:00) Intro (02:13) Residential Property Management - Third Party  (09:14) Why is VC Money Interested in Residential Property Management? (16:41) What the Pain Point for the Owner is  (20:20) How much Venture Capital Activity is there in my Industry? (25:17) What is a Master Lease Arrangement? (30:22) What Buckets are they Fitting in? (36:32) How do you assess the rent for Property in a Particular Neighborhood? (43:00) If a tenant calls you at 2am and says "the heater just turned off" and it's 10 degrees, There is no app that will get someone out there with in the hour. (48:00) Breaking down what Paying Rent Digitally Actually means (51:50) What it means when you accept a Rent Payment  --- Link to Blog: https://www.peterlohmann.com/blog/vc-backed-property-management-companies Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10 Learn more about Peter & how to connect with him here: peterlohmann.com RL Property Management manages Columbus area rental properties: rlpmg.com

Episode 14 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss: (00:00) Intro (03:28) Developing & Growing Leaders  (03:58) Scaling & Growing your Company  (07:04) Adding Value & Reaching Goals (11:20) Breaking Down adding Value in Relationships (17:30) How do you sync up Someone's Ambition? (19:30) Where Individual Approach is Required  (24:01) Accountability and Performance Issues (39:34) Bad Employees always find New Ways to be Bad (44:35) You Can't Fire People (45:01) How do you Drive Culture? (52:02) Their are no easy answers --- Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10 Learn more about Peter & how to connect with him here: peterlohmann.com RL Property Management manages Columbus area rental properties: rlpmg.com

Episode 13 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss: (00:00) Intro (02:30) When should you hire someone vs using software & automation? (08:41) Onboarding new clients can be very disruptive (09:47) Project-based businesses vs ongoing/reactive businesses (11:20) RL Property Management is hiring for director of maintenance (15:30) What am I looking for in candidates for this position? (23:07) Putting myself in the mindset of an employee (26:39) Russell's preferred interview style (31:57) How do you set pay range for a position (36:17) You can always find someone cheaper, but... (39:56) How to determine employee loading --- Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10 Learn more about Peter & how to connect with him here: peterlohmann.com RL Property Management manages Columbus area rental properties: rlpmg.com

Episode 12 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss: (00:00) Intro (01:54) Peter bought a flex office/warehouse for his company (06:57) Uses for & desirability of warehouse space (12:54) Revenue opportunities for property management companies (16:10) When is the right time to explore new business opportunities? (18:40) Domain-specific knowledge vs generalized business knowledge (21:39) Owned and Operated podcast - hiring & training operators (23:00) Russell's experience bringing on a high performer (25:18) Peter is hiring for a high-level position Owned and Operated Podcast: https://podcasts.apple.com/us/podcast/owned-and-operated/id1560999545 --- Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10 Learn more about Peter & how to connect with him here: peterlohmann.com RL Property Management manages Columbus area rental properties: rlpmg.com

Episode 11 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss:  (00:00) Intro (02:46) Twitter, how we started with it & how we use it today (09:55) Setting notifications as a way to learn about a subject (13:43) Adding value to other people's tweets (15:28) Lead gen using twitter - finding prospects (19:37) Solving problems for Amazon millionaires (21:49) How to find a platform to go all-in on (25:22) How Peter uses Facebook & Facebook groups (31:01) How to be successful with LinkedIn (32:57) Overview of the platforms & using them together (35:01) How to tune Twitter & LinkedIn algorithms to your advantage (38:44) The value of commenting on other people's posts (39:37) The world wants more of you - feel the "pull" (41:03) Why Peter streams Rocket League on Twitch! Peter's Twitch: https://www.twitch.tv/propertymanagementgamer --- Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10 Learn more about Peter & how to connect with him here: peterlohmann.com RL Property Management manages Columbus area rental properties: rlpmg.com

Episode 10 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss: (00:00) Intro (01:26) The importance of hiring (06:26) Two book recommendations (08:04) Finding a business framework that works for you (11:49) Russell's strategy at his new printing company (12:36) The Ivy Lee method for selecting todo items (15:45) Selecting operational todo items vs sales todos (19:36) Gaining leverage to work on your business (27:04) Procrastination is a signal you shouldn't do it (29:25) Russell disagrees with Peter (maybe) (31:18) How to do transformative work by not working (36:35) Guilt is the mind-killer (41:05) Powerful weekly planning for business owners (45:47) How does the environment affect your mindset? (50:30) How Peter approaches email & communication overload Book Recommendations: Traction by Gino Wickman The E-Myth by Michael Gerber Peter's Blog Post: https://pslohmann.medium.com/how-to-work-on-your-business-eec6ad291e03 --- Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10 Learn more about Peter & how to connect with him here: peterlohmann.com RL Property Management manages Columbus area rental properties: rlpmg.com

Episode 9 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss: (00:00) Intro (01:49) John's origin story (05:21) How John thinks about KPIs for his business (07:43) John reviews his weekly KPI sheet (10:10) How did John learn about KPIs? (12:50) Discussion about SGI & trade groups (16:42) What does it mean to adopt a business system? (20:03) Value of annual & quarterly off-site meetings (22:57) What hurdle should you give to a general manager? (26:15) The value of property management as SMB launchpad (27:42) Tips on growing a small service business (29:58) Selecting CEO/Owner compensation (34:55) John's opinion on other service businesses (37:01) Peter discusses adding trades businesses to PM (40:38) John explains what he likes & dislikes about service businesses (45:32) Scaling home service businesses (50:08) Training general managers & operators --- Follow John on Twitter: https://twitter.com/WilsonCompanies Visit The Wilson Companies website: https://www.thewilsoncomp.com/ Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10 Learn more about Peter & how to connect with him here: peterlohmann.com RL Property Management manages Columbus area rental properties: rlpmg.com

Episode 8 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss: (00:00) Intro (01:40) Asset management vs property management (PM) (07:09) How clients typically evaluate property managers (07:48) Institutional owners separate asset mgmt and PM (08:47) Sub-intuitional owners combine asset mgmt and PM (10:39) Owners expecting too much of property managers (14:14) Peter's effort to standardize property management (16:07) Going to a car mechanic (18:42) Buying shoes - the power of standardization (21:33) Why PM companies resist standardization (23:02) What are the advantages of standardizing PM? (27:14) GAAP for property management scope of service (28:37) Property Management Standards Working Group (31:24) What about a standard PMA? (32:56) Peter's new mission for RL Property Management (33:54) Property managers are not trusted by the public --- Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10 Learn more about Peter & how to connect with him here: peterlohmann.com RL Property Management manages Columbus area rental properties: rlpmg.com

Episode 7 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery.  In this episode we discuss: (00:00) Intro  (02:23) Screening tenants is tricky business  (05:38) Housing discrimination / fair housing  (07:22) Housing voucher program (section 8) (09:50) Section 8 inspections & issues (12:13) Source of income (SOI) discrimination protection laws (15:44) Disparate impact discussion (19:54) Tenant screening best practices to stay compliant (22:08) Renter's choice legislation (25:39) The law of unintended consequences in housing regulations (30:22) Revenue-per-door (unit economics) KPI discussion (33:31) Direct Labor Efficiency Ratio (DLER) KPI discussion (38:16) Small service business profitability --- Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10 Learn more about Peter & how to connect with him here: peterlohmann.com RL Property Management manages Columbus area rental properties: rlpmg.com