The Profitable Property Management Podcast

Latest Episodes:

48: Bryce DeGroot on The Valuation and Sale of Your Business Jul 11, 2018

Show notes

Today, I am talking with none other than Bryce DeGroot, the President of Compass Advisors, a consulting firm that helps entrepreneurs achieve growth, capital, personal liquidity and eventually the sale and exit of their companies.

Since 1991 Compass has advised in the sale of over 155 companies and served hundreds more through exit planning and business valuations.

More importantly than that, Bryce is a good friend of mine and he's a very smart cat that's going to guide us through the conversation of considerations around buying or selling a portfolio.

47: Greg Crabtree on Understanding the Metrics You Need to Grow Jul 04, 2018

Show notes

Today, I'm talking with Greg Crabtree, the CEO of Crabtree Rowe & Berger, a financial consulting and accounting firm for growth-oriented businesses.

Greg is also a fantastic speaker, and the author of Simple Numbers, Straight Talk, Big Profits, where he outlines a pretty revolutionary set of metrics for driving business profitability.

In our chat today, we're going to cover the most important financial metrics that you can use to understand the direction of your business. How to measure them, the overall purpose of what a benchmark is and a whole lot more.

46: The 40-Hour Work Year with Scott Fritz Jun 27, 2018

Show notes

Today, I am honored to be speaking with Scott Fritz, the founder of Growth Connect, a business coaching and exit planning service that specializes in transforming businesses into assets.

He's also the author of The Forty Hour Work Year, chronicling his entrepreneurial journey that led him to become a passive investor in his own business.

In this interview, Scott shares where most property management entrepreneurs go wrong when it comes to managing their business for the outcome that we all want, which is profit and freedom.

45: Advice from the CEO of America's Largest PM Franchise with Lukas Krause Jun 20, 2018

Show notes

Today, I am talking with Lukas Krause, the CEO of Real Property Management. RPM is now the largest property management franchise in North America with more than 270 offices in 46 states, that manages assets worth more than 13 billion dollars. That's billion with a 'B'.

And today, we're going to discuss what it takes to run a successful franchise and what trends RPM plans on leveraging in the near future in order to maintain their competitive advantage.

This is a conversation you don't want to miss.

44: Andy Propst on Managing the Balance of Growth and Profitability Jun 12, 2018

Show notes

Today we're talking with Andy Propst, the man, the myth, the legend, the CEO of HomeRiver Group.

Andy built his management company to 3,000 doors before handing off the reins so he could focus on founding HomeRiver Group.

HomeRiver Group was formed in 2016 by combining several leading single-family-rental property management companies from around the country. Their multistate footprint and unified national platform position it to provide clients with a unique combination of deep local market knowledge and centralized operational, asset management and reporting capabilities.

Andy's got over 15 years of experience in the industry and today we're going to be talking about how people can actually make money in this industry by running a property management business as a business.

This is a conversation filled with lessons I know a lot of our listeners will be able to immediately apply in their property management businesses.

43: Scott Brady on An Innovative Take on the Expansion Model Jun 06, 2018

Show notes

Today, I'm talking with Scott Brady, the owner of Progressive Property Management, which manages over 500 properties in Southern California.

Scott is also a real estate manager that's developed an interesting non-traditional expansion model that uses real estate agents to manage properties.

In today's episode, you're going to learn about Scott's unique approach to property management, how this strategy helps his company get ahead, and see what of that you can apply to yourself.

The truth is, Scott's model is novel. It's different. Take it or leave it. But even if it's not for you, what's interesting is how Scott thinks about and approaches the business.

It's that mindshare that I value which is why I brought him on the show today and know you'll get a lot out of this.

42: Expanding Into New Markets with Matthew Whitaker May 30, 2018

Show notes

Today I am talking with Matthew Whitaker, the founder and Director of Market Development at gkhouses, a property management company that manages a lot of single family doors in Birmingham, Chattanooga, Nashville, Little Rock and soon to be a city near you.

After starting in Birmingham during the housing crisis, gk has expanded into multiple markets and seen some pretty significant growth. Most importantly, I like Matthew. I think he's competent, I think he's a hustler and he's doing interesting things.

Matt knows what it is to be a founder while still being ambitious and taking best in class thinking from outside the industry, recognizing it's just a business that happens to do property management. I love that mindset.

Today, we're going to talk about his secret sauce and how he's grown the business. If you're second-guessing your own approach to growth, this is the episode for you.

41: Kassandra Taggart on Becoming the Local Expert In Your Market May 23, 2018

Show notes

Today I'm talking with Kassandra Taggart, the president of Real Property Management Last Frontier, a fast growing property management company in Anchorage, Alaska of all places, which was named RPM franchise of the year in 2016.

Kassandra is also the president of The Landlord's Almanac, one of the largest landlord clubs in the country dedicated to networking, supporting and training for professional landlords.

In today's episode, we're going to talk a little bit about how Kassandra is using thought leadership to grow her reputation, to grow her business, what it actually looks like in practice, and how you can use some of these same tactics to benefit your business.

So, if you're curious about how to stand out from the crowd, you've been doing some marketing and sales and you just haven't quite got to the point where it's really in a flow state, then this episode is for you.

40: Dan Butler on Being An Investor First Property Management Company May 16, 2018

Show notes

Today, we have a special guest. We are fortunate to have none other than Dan Butler with us, one half of CrestCore Realty.

We had his partner in crime on the podcast just recently, Douglas Skipworth, and I want to have Dan on to share the other half of the perspective of what drives CrestCore.

CrestCore is a little bit of a different animal in that these are folks that have been really focused on doing real estate investment themselves.

Out of that knowledge, awareness, and DNA they've scaled a management company.

Some people that run management companies have no experience doing first-hand real estate investment themselves. These guys are about as far on the other end of the spectrum as you can get.

Today, we're going to talk about how they make this strategy work for them, some of the downsides, and everything in between.

39: Pat Hiban on Property Management Marketing and the Future of Real Estate May 09, 2018

Show notes

Today I'm talking with Pat Hiban, the man, the myth, the legend. A true real estate rockstar. He's held the title of number one agent in the world at both Re/Max and Keller Williams.

He's currently the host of The Real Estate Rock Stars Podcast, and he runs Rebus University.

And in our chat today, we're going to cover the role of personal branding and media and how Pat has used that to really propel where he is at today and to build a media empire. And to have a pretty big footprint within the real estate space.

So, if you are thinking about diving into media, if the thought has crossed your mind if you're attracted to that strategy but unsure what the return is going to be, this is the episode for you.

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