Property Management Brainstorm

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.  Takeaways * The leasing season brings increased turnovers, inspections, and showings. * Inefficiencies in processes can lead to staff burnout and lost business. * Showdigs can help property managers streamline operations. * Consistency in inspections and reports is critical. * Squatters pose a significant challenge for property managers. * Preventing rental fraud is essential. * Showdigs offers a pay-as-you-go pricing model without tiers  * Visit Showdigs at booth 605 at the NARPM Broker/Owner Conference in Amelia Island, Florida, April 16-18, 2024. Chapters 01:35 Introduction of Barak Shamir and Discussion on the Leasing Season 04:30 Problems Faced by Property Managers During the Busy Season 14:25 Introduction to Showdigs and its Solutions 19:15 Showdigs Midroll Commercial 25:00 Consistency in Inspections and Reports 26:40 Dealing with Squatters 30:45 Preventing Rental Fraud 33:40 Summary of Showdigs Features 35:38 Pricing and Getting Started with Showdigs Featured Sponsor: Showdigs 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 https://www.showdigs.com/pmb [https://www.showdigs.com/pmb], fill out the form, and when you sign up for Showdigs, you’ll get to activate your first five properties for free. Connect with Showdigs: https://www.showdigs.com/pmb [https://www.showdigs.com/pmb] Connect with Bob Preston https://www.propertymanagementbrainstorm.com/ [https://www.propertymanagementbrainstorm.com/] This episode is always available for listening, sharing, or download at Property Management Brainstorm [https://www.propertymanagementbrainstorm.com]. Subscribe to Property Management Brainstorm on Apple Podcasts [https://itunes.apple.com/us/podcast/property-management-brainstorm/id1324203809], Google Podcasts [https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDA1MDgucnNz], Stitcher [https://www.stitcher.com/podcast/property-management-brainstorm], Spotify [https://open.spotify.com/show/7mKfg0JJroW62fxiLUNYsg?si=ehOo5ZkQTQqCLU_EGTcDEQ], TuneIn [https://tunein.com/podcasts/Business--Economics-Podcasts/Property-Management-Brainstorm-p1184733/], iHeart Radio [https://www.iheart.com/podcast/256-property-management-brains-31076614/episode/five-minute-friday-23-were-61660121/] and YouTube [https://www.youtube.com/channel/UC1I7Z643qriL9NOfvmrhXiQ?view_as=subscriber].

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.  Takeaways * Failures are part of the entrepreneurial journey. * Self-doubt is common among entrepreneurs. * Effective processes are crucial for success. * Micromanagement can hinder the growth.  * Anticipating customer needs can set a business apart. * Continuous learning and embracing struggles are essential. Chapters 02:00 Introduction and Background 04:02 Importance of Discussing Property Management Failures 04:50 Struggles and Self-Doubt in Entrepreneurship 14:07 LeadSimple Midroll Commercial 17:20 Common Failures in Property Management 20:50 Implementing Procedures and Processes 28:30 Embracing Struggles and Continuous Learning Connect Tiffany Rosenbaum:    https://www.linkedin.com/in/tiffany-rosenbaum-b8a75011b/ [https://www.linkedin.com/in/tiffany-rosenbaum-b8a75011b/] Featured Sponsor: LeadSimple 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 property management so our clients can now work on their business instead of on their business to achieve even more than they thought possible. https://www.leadsimple.com/ [https://www.leadsimple.com/] Our Industry Icon Sponsors supporting the show: SureVestor (https://surevestor.com/ [https://surevestor.com/]) Blanket (https://blankethomes.com/ [https://blankethomes.com/]) VPM Solutions (https://www.vpmsolutions.com [https://www.vpmsolutions.com/affiliate/property-management-brainstorm]) RentScale (https://rentscale.com/ [https://rentscale.com/]) APM Help (https://www.apmhelp.com/ [https://www.apmhelp.com/]) Upkeep Media (https://www.upkeepmedia.com/ [https://www.upkeepmedia.com/growth]) Second Nature (https://www.secondnature.com/ [https://www.secondnature.com/]) zInspector (https://www.zinspector.com/ [https://www.zinspector.com/]) Showdigs (https://www.showdigs.com [https://www.showdigs.com/]) LeadSimple (https://www.leadsimple.com/ [https://www.leadsimple.com/]) Connect with Bob Preston https://www.propertymanagementbrainstorm.com/ [https://www.propertymanagementbrainstorm.com/] This episode is always available for listening, sharing, or download at Property Management Brainstorm [https://www.propertymanagementbrainstorm.com]. Subscribe to Property Management Brainstorm on Apple Podcasts [https://itunes.apple.com/us/podcast/property-management-brainstorm/id1324203809], Google Podcasts [https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDA1MDgucnNz], Stitcher [https://www.stitcher.com/podcast/property-management-brainstorm], Spotify [https://open.spotify.com/show/7mKfg0JJroW62fxiLUNYsg?si=ehOo5ZkQTQqCLU_EGTcDEQ], TuneIn [https://tunein.com/podcasts/Business--Economics-Podcasts/Property-Management-Brainstorm-p1184733/], iHeart Radio [https://www.iheart.com/podcast/256-property-management-brains-31076614/episode/five-minute-friday-23-were-61660121/] and YouTube [https://www.youtube.com/channel/UC1I7Z643qriL9NOfvmrhXiQ?view_as=subscriber].

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! Takeaways: * Costs to engage a business broker * Models for valuing a property management business * Structuring of a property management business sale * Due diligence and information exchanged Chapters: 00:00 Introduction and Dylan’s background 04:54 Getting started in selling a property management company? 08:42 Fees paid to a business broker 12:14 Due diligence process and information exchanged 16:23 Valuation models for property management companies 21:11 Structuring the purchase arrangement: asset sale vs. stock sale 25:58 The current state of company valuations 32:05 Steps involved in closing the sale 46:49 Clawback provisions in an agreement 49:20 Closing comments and how to connect with Dylan Connect Dylan McGrath:   https://www.linkedin.com/in/dylanmcgrath [https://www.linkedin.com/in/dylanmcgrath] Episode 82 Featured Sponsor: RentScale 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. (https://rentscale.com/ [https://rentscale.com/]) Our Industry Icon Sponsors supporting the show: SureVestor (https://surevestor.com/ [https://surevestor.com/]) Blanket (https://blankethomes.com/ [https://blankethomes.com/]) VPM Solutions (https://www.vpmsolutions.com [https://www.vpmsolutions.com/affiliate/property-management-brainstorm]) RentScale (https://rentscale.com/ [https://rentscale.com/]) APM Help (https://www.apmhelp.com/ [https://www.apmhelp.com/]) Upkeep Media (https://www.upkeepmedia.com/ [https://www.upkeepmedia.com/growth]) Second Nature (https://www.secondnature.com/ [https://www.secondnature.com/]) zInspector (https://www.zinspector.com/ [https://www.zinspector.com/]) Showdigs (https://www.showdigs.com [https://www.showdigs.com/]) LeadSimple (https://https://www.leadsimple.com/ [https://www.leadsimple.com/]) Connect with Bob Preston https://www.propertymanagementbrainstorm.com/ [https://www.propertymanagementbrainstorm.com/] This episode is always available for listening, sharing, or download at Property Management Brainstorm [https://www.propertymanagementbrainstorm.com]. Subscribe to Property Management Brainstorm on Apple Podcasts [https://itunes.apple.com/us/podcast/property-management-brainstorm/id1324203809], Google Podcasts [https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDA1MDgucnNz], Stitcher [https://www.stitcher.com/podcast/property-management-brainstorm], Spotify [https://open.spotify.com/show/7mKfg0JJroW62fxiLUNYsg?si=ehOo5ZkQTQqCLU_EGTcDEQ], TuneIn [https://tunein.com/podcasts/Business--Economics-Podcasts/Property-Management-Brainstorm-p1184733/], iHeart Radio [https://www.iheart.com/podcast/256-property-management-brains-31076614/episode/five-minute-friday-23-were-61660121/] and YouTube [https://www.youtube.com/channel/UC1I7Z643qriL9NOfvmrhXiQ?view_as=subscriber].

On this episode, host Bob Preston and guest Jeremy Pound discuss various aspects of business development and new client acquisition in the property management industry. The conversation also delves into the building blocks for creating a successful business development program and the characteristics of a good business development manager. Takeaways: * Understanding the local market and competition * Finding the right business development manager * Motivating business development managers * CRM Software * Significant opportunities for growth Chapters: 00:00 Introduction and Background 05:20 Challenges in Acquiring New Doors 10:20 Understanding the Local Market and Competition 13:45 Building Blocks for Business Development 18:00 Reluctance to Delegate Business Development 30:00 Motivating and Compensating Business Development Managers 37:20 Importance of Customer Relationship Management Software 52:40 Closing Thoughts Connect with Jeremy Pound:  https://rentscale.com/ [https://rentscale.com/] Episode 81 Featured Sponsor: zInspector zInspector is the most powerful and affordable property inspection solution in the market. A great in-app camera experience, fully customizable templates, tenant-led inspections, 360-camera integration & virtual tours, and two-way PM software integrations make it the most collaborative field-to-office property inspection solution available. Embrace the future of property inspections with zInspector. (https://www.zinspector.com/ [https://www.zinspector.com/]) Our Industry Icon Sponsors supporting the show: SureVestor (https://surevestor.com/ [https://surevestor.com/]) Blanket (https://blankethomes.com/ [https://blankethomes.com/]) VPM Solutions (https://www.vpmsolutions.com [https://www.vpmsolutions.com/affiliate/property-management-brainstorm]) RentScale (https://rentscale.com/ [https://rentscale.com/]) APM Help (https://www.apmhelp.com/ [https://www.apmhelp.com/]) Upkeep Media (https://www.upkeepmedia.com/ [https://www.upkeepmedia.com/growth]) Second Nature (https://www.secondnature.com/ [https://www.secondnature.com/]) zInspector (https://www.zinspector.com/ [https://www.zinspector.com/]) Showdigs (https://www.showdigs.com [https://www.showdigs.com/]) Latchel (https://www.latchel.com [https://www.latchel.com/]) LeadSimple (https://https://www.leadsimple.com/ [https://www.leadsimple.com/]) Connect with Bob Preston https://www.propertymanagementbrainstorm.com/ [https://www.propertymanagementbrainstorm.com/] This episode is always available for listening, sharing, or download at Property Management Brainstorm [https://www.propertymanagementbrainstorm.com]. Subscribe to Property Management Brainstorm on Apple Podcasts [https://itunes.apple.com/us/podcast/property-management-brainstorm/id1324203809], Google Podcasts [https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDA1MDgucnNz], Stitcher [https://www.stitcher.com/podcast/property-management-brainstorm], Spotify [https://open.spotify.com/show/7mKfg0JJroW62fxiLUNYsg?si=ehOo5ZkQTQqCLU_EGTcDEQ], TuneIn [https://tunein.com/podcasts/Business--Economics-Podcasts/Property-Management-Brainstorm-p1184733/], iHeart Radio [https://www.iheart.com/podcast/256-property-management-brains-31076614/episode/five-minute-friday-23-were-61660121/] and YouTube [https://www.youtube.com/channel/UC1I7Z643qriL9NOfvmrhXiQ?view_as=subscriber].

In this episode, Bob Preston shares his top five ways to kickoff 2024 for property management businesses. He emphasizes the importance of strategic planning, organizational checkups, accountability and goals, kickoff meetings, and budget trimming. These steps are crucial for setting the direction, aligning the team, and optimizing resources for a successful year ahead. Takeaways * Create a strategic plan with a forecast and budget for the new year. * Conduct an organizational checkup to assess the company's culture and alignment. * Establish accountability and goals for every team member. * Host a kickoff meeting to communicate expectations and review past performance. * Trim 15% of the budget to optimize resources and achieve new profitability goals. Chapters 00:00  Introduction and Overview of Bob's Five Ways to Kickoff 2024 03:08  Chapter 1: Forecast and Strategic Planning for the New Year 06:02  Chapter 2: Organizational Checkup 07:30  Chapter 3: Accountability and Goals 09:38  Chapter 4: Kickoff Meeting 10:35  Chapter 5: Budget Trim Challenge 13:01  Summary of the "Five Ways" and conclusion Episode 80 Featured Sponsor: Second Nature At Second Nature, we heart property managers. Because we know you’ve got the toughest job around. So we create new solutions and technology to make your life easier, while keeping residents and investors happy. It’s a triple win for everyone and it’s only from Second Nature.. Second Nature (https://www.secondnature.com/ [https://www.secondnature.com/]) Shout-out to all of our fabulous Industry Icon Sponsors for supporting our show: SureVestor (https://surevestor.com/ [https://surevestor.com/]) Blanket (https://blankethomes.com/ [https://blankethomes.com/]) VPM Solutions (https://www.vpmsolutions.com [https://www.vpmsolutions.com/affiliate/property-management-brainstorm]) RentScale (https://rentscale.com/ [https://rentscale.com/]) APM Help (https://www.apmhelp.com/ [https://www.apmhelp.com/]) Upkeep Media (https://www.upkeepmedia.com/ [https://www.upkeepmedia.com/growth]) Second Nature (https://www.secondnature.com/ [https://www.secondnature.com/]) zInspector (https://www.zinspector.com/ [https://www.zinspector.com/]) Showdigs (https://www.showdigs.com [https://www.showdigs.com/]) Latchel (https://www.latchel.com [https://www.latchel.com/]) Connect with Bob Preston https://www.propertymanagementbrainstorm.com/ [https://www.propertymanagementbrainstorm.com/] This episode is always available for listening, sharing, or download at Property Management Brainstorm [https://www.propertymanagementbrainstorm.com]. Subscribe to Property Management Brainstorm on Apple Podcasts [https://itunes.apple.com/us/podcast/property-management-brainstorm/id1324203809], Google Podcasts [https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDA1MDgucnNz], Stitcher [https://www.stitcher.com/podcast/property-management-brainstorm], Spotify [https://open.spotify.com/show/7mKfg0JJroW62fxiLUNYsg?si=ehOo5ZkQTQqCLU_EGTcDEQ], TuneIn [https://tunein.com/podcasts/Business--Economics-Podcasts/Property-Management-Brainstorm-p1184733/], iHeart Radio [https://www.iheart.com/podcast/256-property-management-brains-31076614/episode/five-minute-friday-23-were-61660121/] and YouTube [https://www.youtube.com/channel/UC1I7Z643qriL9NOfvmrhXiQ?view_as=subscriber].