by Bob Preston
<p>Welcome to Property Management Brainstorm, the ultimate podcast for property managers, PropTech ventures, and real estate investors! Join industry expert Bob Preston as he brings you the latest trends, best practices, and invaluable guidance in the world of property management. Whether you're just starting or thriving in the business, Property Management Brainstorm is your go-to destination for all things property management. <br><br>Bob is a nationally known figure in the USA property management industry with over 25 years of experience in building and growing property management companies while advising more than 28 property management locations and 12,000+ doors. He has been awarded three prestigious designations by the National Association of Residential Property Managers (NARPM): the RMP® (Residential Management Professional), MPM® (Master Property Manager), and the CRMC (Certified Residential Management Company). He served as President and board of directors of the California State Chapter (CALNARPM) for 2020-2023 and on the NARPM National Board of Directors as the Southwest Regional Vice President (2022). </p>
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🇺🇲
Publishing Since
12/10/2017
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March 27, 2024
<p>Host Bob Preston engages in a dynamic discussion with Barak Shamir of Showdigs, shedding light on the challenges property managers face during the leasing season. This conversation not only helps property managers prepare for the busy season but also offers a solution by showcasing how Showdigs can empower them to optimize their operations. Barak elaborates on the various aspects of leasing efficiency and how Showdigs can be a game-changer in streamlining their leasing process. </p><p><b>Takeaways</b></p><ul><li>The leasing season brings increased turnovers, inspections, and showings.</li><li>Inefficiencies in processes can lead to staff burnout and lost business.</li><li>Showdigs can help property managers streamline operations.</li><li>Consistency in inspections and reports is critical.</li><li>Squatters pose a significant challenge for property managers.</li><li>Preventing rental fraud is essential.</li><li>Showdigs offers a pay-as-you-go pricing model without tiers </li><li>Visit Showdigs at booth 605 at the NARPM Broker/Owner Conference in Amelia Island, Florida, April 16-18, 2024.</li></ul><p><b>Chapters<br/></b>01:35 Introduction of Barak Shamir and Discussion on the Leasing Season<br/>04:30 Problems Faced by Property Managers During the Busy Season<br/>14:25 Introduction to Showdigs and its Solutions<br/>19:15 Showdigs Midroll Commercial<br/>25:00 Consistency in Inspections and Reports<br/>26:40 Dealing with Squatters<br/>30:45 Preventing Rental Fraud<br/>33:40 Summary of Showdigs Features<br/>35:38 Pricing and Getting Started with Showdigs<br/><br/><b>Featured Sponsor: Showdigs<br/></b>Tired of wasting hours stuck in traffic running between your properties? Showdigs can save you time and money without compromising your conversion rates. Learn more about the only all-in-one leasing software that can handle all of your fieldwork. Go to <a href='https://www.showdigs.com/pmb'>https://www.showdigs.com/pmb</a>, fill out the form, and when you sign up for Showdigs, you’ll get to activate your first five properties for free. <br/><br/><b>Connect with Showdigs: </b><a href='https://www.showdigs.com/pmb'>https://www.showdigs.com/pmb</a></p><p><b>Connect with Bob Preston<br/></b><a href='https://www.propertymanagementbrainstorm.com/'>https://www.propertymanagementbrainstorm.com/</a><br/><br/><b>This episode is always available for listening, sharing, or download at </b><a href='https://www.propertymanagementbrainstorm.com'><b>Property Management Brainstorm</b></a><b>. Subscribe to Property Management Brainstorm on </b><a href='https://itunes.apple.com/us/podcast/property-management-brainstorm/id1324203809'><b>Apple Podcasts</b></a><b>, </b><a href='https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDA1MDgucnNz'><b>Google Podcasts</b></a><b>, </b><a href='https://www.stitcher.com/podcast/property-management-brainstorm'><b>Stitcher</b></a><b>, </b><a href='https://open.spotify.com/show/7mKfg0JJroW62fxiLUNYsg?si=ehOo5ZkQTQqCLU_EGTcDEQ'><b>Spotify</b></a><b>, </b><a href='https://tunein.com/podcasts/Business--Economics-Podcasts/Property-Management-Brainstorm-p1184733/'><b>TuneIn</b></a><b>, </b><a href='https://www.iheart.com/podcast/256-property-management-brains-31076614/episode/five-minute-friday-23-were-61660121/'><b>iHeart Radio</b></a><b> and </b><a href='https://www.youtube.com/channel/UC1I7Z643qriL9NOfvmrhXiQ?view_as=subscriber'><b>YouTube</b></a><b>.</b> </p>
March 21, 2024
<p>In this episode, renowned property management expert Tiffany Rosenbaum and seasoned host Bob Preston delve into property management failures and entrepreneurs' struggles. Drawing from their extensive experience, they underscore the importance of learning from failures and mistakes encountered in the journey of growing businesses. </p><p><b>Takeaways</b></p><ul><li>Failures are part of the entrepreneurial journey.</li><li>Self-doubt is common among entrepreneurs.</li><li>Effective processes are crucial for success.</li><li>Micromanagement can hinder the growth. </li><li>Anticipating customer needs can set a business apart.</li><li>Continuous learning and embracing struggles are essential.</li></ul><p><b>Chapters<br/></b>02:00 Introduction and Background<br/>04:02 Importance of Discussing Property Management Failures<br/>04:50 Struggles and Self-Doubt in Entrepreneurship<br/>14:07 LeadSimple Midroll Commercial<br/>17:20 Common Failures in Property Management<br/>20:50 Implementing Procedures and Processes<br/>28:30 Embracing Struggles and Continuous Learning</p><p><b>Connect Tiffany Rosenbaum: </b><br/><a href='https://www.linkedin.com/in/tiffany-rosenbaum-b8a75011b/'><b>https://www.linkedin.com/in/tiffany-rosenbaum-b8a75011b/</b></a><b><br/><br/>Featured Sponsor: LeadSimple<br/></b>LeadSimple consolidates leads, process, and communication management – plus coaching, content, and best practices – into one easy-to-use platform for property managers and real estate professionals. We’ve simplified the complexities of<br/>property management so our clients can now work on their business instead of on their business to achieve even more than they thought possible. <a href='https://www.leadsimple.com/'>https://www.leadsimple.com/</a><br/><br/><b>Our Industry Icon Sponsors supporting the show:</b><br/>SureVestor (<a href='https://surevestor.com/'>https://surevestor.com/</a>)<br/>Blanket (<a href='https://blankethomes.com/'>https://blankethomes.com/</a>)<br/>VPM Solutions (<a href='https://www.vpmsolutions.com/affiliate/property-management-brainstorm'>https://www.vpmsolutions.com</a>)<br/>RentScale (<a href='https://rentscale.com/'>https://rentscale.com/</a>)<br/>APM Help (<a href='https://www.apmhelp.com/'>https://www.apmhelp.com/</a>)<br/>Upkeep Media (<a href='https://www.upkeepmedia.com/growth'>https://www.upkeepmedia.com/</a>)<br/>Second Nature (<a href='https://www.secondnature.com/'>https://www.secondnature.com/</a>)<br/>zInspector (<a href='https://www.zinspector.com/'>https://www.zinspector.com/</a>)<br/>Showdigs (<a href='https://www.showdigs.com/'>https://www.showdigs.com</a>)<br/>LeadSimple (<a href='https://www.leadsimple.com/'>https://www.leadsimple.com/</a>)</p><p><b>Connect with Bob Preston<br/></b><a href='https://www.propertymanagementbrainstorm.com/'>https://www.propertymanagementbrainstorm.com/</a><br/><br/><b>This episode is always available for listening, sharing, or download at </b><a href='https://www.propertymanagementbrainstorm.com'><b>Property Management Brainstorm</b></a><b>. Subscribe to Property Management Brainstorm on </b><a href='https://itunes.apple.com/us/podcast/property-management-brainstorm/id1324203809'><b>Apple Podcasts</b></a><b>, </b><a href='https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDA1MDgucnNz'><b>Google Podcasts</b></a><b>, </b><a href='https://www.stitcher.com/podcast/property-management-brainstorm'><b>Stitcher</b></a><b>, </b><a href='https://open.spotify.com/show/7mKfg0JJroW62fxiLUNYsg?si=ehOo5ZkQTQqCLU_EGTcDEQ'><b>Spotify</b></a><b>, </b><a href='https://tunein.com/podcasts/Business--Economics-Podcasts/Property-Management-Brainstorm-p1184733/'><b>TuneIn</b></a><b>, </b><a href='https://www.iheart.com/podcast/256-property-management-brains-31076614/episode/five-minute-friday-23-were-61660121/'><b>iHeart Radio</b></a><b> and </b><a href='https://www.youtube.com/channel/UC1I7Z643qriL9NOfvmrhXiQ?view_as=subscriber'><b>YouTube</b></a><b>.</b> </p>
February 6, 2024
<p>In this episode, host Bob Preston and guest Dylan McGrath discuss how to prepare a property management company for acquisition, what is involved in the process, and various valuation models. If you have ever wondered what it would be like to sell your business and what steps would be involved, this episode is a must-listen!</p><p><b>Takeaways:</b></p><ul><li>Costs to engage a business broker</li><li>Models for valuing a property management business</li><li>Structuring of a property management business sale</li><li>Due diligence and information exchanged</li></ul><p><b>Chapters:<br/>0</b>0:00 Introduction and Dylan’s background<br/>04:54 Getting started in selling a property management company?<br/>08:42 Fees paid to a business broker<br/>12:14 Due diligence process and information exchanged<br/>16:23 Valuation models for property management companies<br/>21:11 Structuring the purchase arrangement: asset sale vs. stock sale<br/>25:58 The current state of company valuations<br/>32:05 Steps involved in closing the sale<br/>46:49 Clawback provisions in an agreement<br/>49:20 Closing comments and how to connect with Dylan</p><p><b>Connect Dylan McGrath: </b><a href='https://www.linkedin.com/in/dylanmcgrath'>https://www.linkedin.com/in/dylanmcgrath</a><br/><br/></p><p><b>Episode 82 Featured Sponsor: RentScale<br/></b>RentScale is the largest sales consulting and coaching company in the residential property management industry. Over 400 residential property management companies in North America have trusted RentScale to craft their custom sales playbook, install a repeatable selling system, and train their team to attract new property owners at profitable rates. (<a href='https://rentscale.com/'>https://rentscale.com/</a>)<br/> <br/> <b>Our Industry Icon Sponsors supporting the show:</b><br/>SureVestor (<a href='https://surevestor.com/'>https://surevestor.com/</a>)<br/> Blanket (<a href='https://blankethomes.com/'>https://blankethomes.com/</a>)<br/> VPM Solutions (<a href='https://www.vpmsolutions.com/affiliate/property-management-brainstorm'>https://www.vpmsolutions.com</a>)<br/> RentScale (<a href='https://rentscale.com/'>https://rentscale.com/</a>)<br/> APM Help (<a href='https://www.apmhelp.com/'>https://www.apmhelp.com/</a>)<br/> Upkeep Media (<a href='https://www.upkeepmedia.com/growth'>https://www.upkeepmedia.com/</a>)<br/> Second Nature (<a href='https://www.secondnature.com/'>https://www.secondnature.com/</a>)<br/> zInspector (<a href='https://www.zinspector.com/'>https://www.zinspector.com/</a>)<br/> Showdigs (<a href='https://www.showdigs.com/'>https://www.showdigs.com</a>)<br/>LeadSimple (<a href='https://www.leadsimple.com/'>https://https://www.leadsimple.com/</a>)<br/></p><p><b>Connect with Bob Preston<br/></b><a href='https://www.propertymanagementbrainstorm.com/'>https://www.propertymanagementbrainstorm.com/</a><br/><br/><b>This episode is always available for listening, sharing, or download at </b><a href='https://www.propertymanagementbrainstorm.com'><b>Property Management Brainstorm</b></a><b>. Subscribe to Property Management Brainstorm on </b><a href='https://itunes.apple.com/us/podcast/property-management-brainstorm/id1324203809'><b>Apple Podcasts</b></a><b>, </b><a href='https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDA1MDgucnNz'><b>Google Podcasts</b></a><b>, </b><a href='https://www.stitcher.com/podcast/property-management-brainstorm'><b>Stitcher</b></a><b>, </b><a href='https://open.spotify.com/show/7mKfg0JJroW62fxiLUNYsg?si=ehOo5ZkQTQqCLU_EGTcDEQ'><b>Spotify</b></a><b>, </b><a href='https://tunein.com/podcasts/Business--Economics-Podcasts/Property-Management-Brainstorm-p1184733/'><b>TuneIn</b></a><b>, </b><a href='https://www.iheart.com/podcast/256-property-management-brains-31076614/episode/five-minute-friday-23-were-61660121/'><b>iHeart Radio</b></a><b> and </b><a href='https://www.youtube.com/channel/UC1I7Z643qriL9NOfvmrhXiQ?view_as=subscriber'><b>YouTube</b></a><b>.</b> </p>
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