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The Profitable Property Management Podcast

The Profitable Property Management Podcast

215 episodes — Page 1 of 5

S3 Ep 215The Future of PropTech and Community Building with Wolfgang Croskey

Welcome to this episode of the Profitable Property Management podcast, where host Jordan Muela welcomes Wolfgang Croskey, Co-Founder of Crane, for a deep dive into the future of PropTech and community-driven growth. From AI automation and vendor relationships to building solutions with VibeCoding, Wolfgang shares practical strategies for property managers to streamline operations while protecting their time and independence. Learn how to evaluate new technology, foster community, and achieve true work-life balance. This conversation is about working smarter, not harder.What you will learn:How to evaluate and implement new property management technology without getting overwhelmed by endless optionsWhy property management software vendors need to prioritize transparency and consent when rolling out new featuresThe framework for building effective automation solutions using AI tools like Replit and ChatGPTHow to create and maintain a thriving professional community focused on time freedom and work-life balanceWhy data insights and automation are crucial for modern property management operationsHow to achieve better work-life balance in property management without sacrificing business growthThe importance of security considerations when building custom technology solutionsHow to navigate vendor relationships and evaluate new software offerings in an increasingly complex marketplaceWolfgang Croskey is a property management innovator, entrepreneur, and Co-Founder of Crane, a selective community empowering managers to achieve true time freedom. As Founder and President of Croskey Real Estate, he has led strategic growth while overseeing a $50M+ portfolio. With expertise in change management from his tenure as CEO of the Pittsburgh Chamber of Commerce, Wolfgang champions efficiency through AI, automation, and custom software solutions. A LeadSimple investor and PM Systems Conference Co-Founder, he blends technology with practical operations to transform property management.Episode Resources:Wolfgang Croskey on LinkedInCrane WebsiteJordan Muela on LinkedInLeadSimple WebsiteProfitable Property Management on Apple PodcastsProfitable Property Management on Spotify

Oct 7, 202552 min

S3 Ep 214The Strategic Tech Stack for Modern Property Managers: Insights from Grant Drzyzga, Founder and CEO of Revela

Welcome to this episode of the Profitable Property Management podcast, where host Jordan Muela welcomes Grant Drzyzga, Founder and CEO of Revela, to discuss how his PropTech software is transforming property management through innovation and strategic growth. Grant shares how he bootstrapped and scaled Revela from a college apartment startup to serving over 200,000 units, all while solving real-world pain points. They explore embedded lending, the future of AI in real estate, and why data ownership is crucial in today’s tech landscape. Whether you're scaling a property management business or building PropTech, this conversation offers key insights into evolving software from a tool to a financial platform.What you will learn:How to successfully bootstrap a property management software company Why embedding lending services into PM software is a win-win for both managers and property ownersThe evolution of AI in property management and how to leverage its benefitsHow to navigate data ownership and privacy concerns in the PropTech ecosystemThe framework for choosing the right venture capital partners when scalingWhy modern PM software revenue models are shifting to embedded financial servicesThe strategic importance of maintaining an open integration ecosystemHow the professionalization of real estate investors is driving new software requirements and capabilitiesGrant Drzyzga is the founder and CEO of Revela, an enterprise property management software company offering embedded lending and insurance solutions. He launched Revela in 2014 from his college apartment and bootstrapped it for over nine years before raising Series A funding from FirstMark Capital and strategic investors. With a background in philosophy and a deep grasp of property management systems, Grant has grown the company to support over 200,000 units across multifamily, single-family, and student housing. Under his leadership, Revela has achieved 120% year-over-year growth, pioneering financial innovations that are reshaping the future of property management technology.Episode Resources:Grant Drzyzga on LinkedInRevela Inc. WebsiteJordan Muela on LinkedInLeadSimple WebsiteProfitable Property Management on Apple PodcastsProfitable Property Management on Spotify

Aug 14, 202544 min

S3 Ep 213Scale then Exit: How Rodd Schifferdecker Stuck the Landing at 1,300 Doors

In this episode of the Profitable Property Management podcast, host Jordan Muela welcomes Rodd Schifferdecker, seasoned property management leader and President at Specialized 247 Property Management, about his journey scaling a 1,300-door operation and navigating a successful exit. Rodd shares practical insights on growing profitably, knowing when to sell, and how technology, especially AI tools like RentFinder, is transforming communication and rent estimation. Listeners will learn how to stand out in a crowded market, engage self-managing landlords, and build a sustainable, tech-forward business. A must-listen for operators seeking long-term growth, operational efficiency, and clarity on what comes after the exit.What you will learn:How to scale a property management company from 100 to 1,300 doors The key indicators that signal when it's time to exit your property management businessWhy franchise systems can provide valuable structure and support for PM founders How to leverage technology to improve communication efficiency and costsThe "Pool Management Principle" - why PM fees are disproportionately low compared to other service industriesHow AI and automation are transforming property management operationsWhy self-managing landlords resist professional management strategies The framework for maintaining work-life balance post-exitRodd Schifferdecker is a seasoned property management executive and entrepreneur, known for building and successfully exiting a 1,000+ unit property management company in Phoenix, Arizona. With over 15 years of experience in the property management industry, Rodd has demonstrated expertise in business development, operational excellence, and strategic growth. As a former RPM franchise owner and current President at Specialized 247 Property Management, he has helped shape industry best practices and technological innovations, including the development of RentFinder.ai. Rod's journey from property management entrepreneur to technology innovator offers valuable insights for property managers looking to scale their businesses and leverage technology for improved operational efficiency. Episode Resources:Rodd Schifferdecker on LinkedInSpecialized 247 Property Management WebsiteJordan Muela on LinkedInLead Simple WebsiteProfitable Property Management on Apple PodcastsProfitable Property Management on Spotify

Jul 31, 202552 min

S3 Ep 212How To Turn Pest Control into Profit with Justin Clements

In this episode of the Profitable Property Management podcast, host Jordan Muela was joined by Justin Clements, co-founder of Pest Share, to discuss how pest control can evolve from a cost burden into a value-adding amenity. Justin shares how PestShare’s resident-driven, data-powered approach is reshaping property operations, reducing maintenance requests, improving tenant satisfaction, and driving NOI. The conversation also dives into the startup’s venture-backed journey, scaling challenges, and the leadership principles behind authentic company culture. Whether you're a property manager or entrepreneur, this episode offers actionable strategies to boost efficiency, retention, and profitability through smart, tech-enabled solutions.What you will learn:How to turn pest control from a cost center into an ancillary revenue stream Why traditional pest control models fail to address the challenges of rental propertiesThe data-driven approach to tracking and preventing pest-related issues aHow to build and scale a venture-backed property management tech company Why authentic leadership and clear expectations are crucial for managing growthHow to leverage resident amenities to reduce turnover and increase property valueThe importance of balancing data metrics with resident experience in property management Justin Clements is a Co-founder and CEO of Pest Share, an innovative pest control platform revolutionizing how property managers handle pest-related issues. With over two decades of experience in the pest control industry, Justin brings deep domain expertise to his role leading the venture-backed company. Before Pest Share, he successfully built and operated multiple pest control branches before merging operations with his current co-founders to develop their resident-focused pest control solution. His unique perspective of combining traditional pest control operations with property management technology makes him a valuable voice for property managers looking to optimize their maintenance operations and boost NOI.Episode Resources:Justin Clements on LinkedInPest Share WebsiteJordan Muela on LinkedInLead Simple WebsiteProfitable Property Management on Apple PodcastsProfitable Property Management on Spotify

Jul 15, 202547 min

S3 Ep 211Operating at Scale: How to maintain service quality at 22,000 Properties with Graham Robinson

In this episode of the Profitable Property Management podcast, host Jordan Muela sits down with Graham Robinson, President of Evernest, to explore how the company scaled from managing 3,000 to 14,000 doors across 30 markets, all while maintaining service quality. Graham shares key strategies around building custom tech tools, balancing institutional and individual clients, and leveraging content marketing for organic growth. He also explains the “Trust-Building Triangle” between property managers, owners, and residents. Whether growing your firm or seeking operational insight, this episode offers an actionable roadmap to sustainable, tech-enabled property management success.What you will learn:How to transition from third-party software solutions to custom property management technology Why focusing on maintenance technician experience led to better retention The framework for balancing institutional clients (25%) with individual property owners How to leverage content marketing to generate organic leads The "Trust-Building Triangle" between property managers, owners, and residents Why creating valuable content consistently, even if imperfect, drives organic growth How to convert self-managing landlords by bundling services Graham Robinson is the President of Evernest, overseeing sales, marketing, HR, and technology operations for one of the fastest-growing property management companies in the United States. With a hospitality and leisure tourism background, followed by strategic roles in healthcare, Graham brings a unique perspective to property management operations. Since joining Evernest three years ago, he has helped scale the company from managing 3-4,000 homes to over 14,000 homes across 30 markets in 19 states. His leadership has been instrumental in developing proprietary technology solutions and streamlining operations while focusing on excellent service delivery.Episode Resources:Graham Robinson on LinkedInEvernest WebsiteJordan Muela on LinkedInLead Simple WebsiteProfitable Property Management on Apple PodcastsProfitable Property Management on Spotify

Jul 1, 202545 min

S3 Ep 210210. How To Build Generational Wealth Beyond Your PM Business with Shawn Johnson

What if your property management company wasn’t just paying the bills and sustaining your lifestyle, but actually building your wealth? Jordan sits down with Shawn Johnson, a former CEO and Property Manager who scaled from 0 to 1,200 units, stopped trading time for money, and built a real estate portfolio that generated lasting wealth & financial freedom. Now, he’s teaching other property managers how to break free from the cycle of constantly growing to fuel a bigger lifestyle and instead create generational wealth and true freedom.In this episode, you’ll hear:✔️ How Shawn built a real estate portfolio that generates wealth beyond property management✔️ The shift that took him from 60-hour weeks to 1-hour weeks✔️ Lessons from selling his company, navigating mergers, and hiring the right team✔️ What is the Generational Wealth Framework? (time stamp 1:07:25 and 1:14:59)🔥 Exclusive! 💰 Get $1,000 OFF the Generational Wealth Program here: https://www.shawnaustinjohnson.com/ppmQuick Links:📘 Newsletter: https://muela.ck.page/profile🌐 Website: https://www.profitablepropertymanagement.com🔵 Facebook: https://www.facebook.com/PPMpodcast📺 YouTube: https://www.youtube.com/@profitablepropertymanagement🔵 Shawn Johnson on LinkedIn: https://www.linkedin.com/in/shawn-austin-johnson/💰 Generational Wealth Framework: https://www.shawnaustinjohnson.com/ppm

Apr 4, 20251h 25m

S3 Ep 209209. Overcoming Regulatory Hurdles & Rebuilding Team Culture for Growth with Nicholas Cook

Welcome, Closers! In this episode of the Profitable Property Management Podcast, Jordan sits down with Nicholas Cook, President of Sleep Sound Property Management Inc, to discuss property management challenges in a tough regulatory market, rebuilding a cohesive team post-COVID, refining hiring strategies, navigating regulatory hurdles, and scaling into new markets. Nick’s motto? Success is in the people! So what would Nick do differently if he was starting a Property Management company today? Find out in this episode!Quick Links:📘 Newsletter https://muela.ck.page/profile🌐 Website https://www.profitablepropertymanagement.com/🔵 https://www.facebook.com/PPMpodcast📺 https://www.youtube.com/@profitablepropertymanagement🔵 Nicholas Cook, President of Sleep Sound Property Management, https://www.linkedin.com/in/nicholas-cook86/

Jan 31, 202559 min

S3 Ep 208208. Mezo Acquired by PropertyMeld - The Full Story

Breaking news! 🚨 Jordan sits down with Ray Hespen, CEO & Co-Founder of Property Meld, to discuss their recent acquisition of Mezo, an AI-powered intake and triage software. What does this mean for the industry and Meld customers? How does this impact resident satisfaction, vendor efficiency, and Net Operating Income? Ray shares his vision for the future of maintenance and how property management operations data is driving this transformation. Tune in to see what's next.Quick Links:📘 Newsletter https://muela.ck.page/profile🌐 Website [https://www.profitablepropertymanagement.com](https://www.profitablepropertymanagement.com/)🔵 https://www.facebook.com/PPMpodcast📺 https://www.youtube.com/@profitablepropertymanagement🔵 Guest social link: https://www.linkedin.com/in/rayhespen📊 Property Management Trends Report: https://www.leadsimple.com/pm-trends-report

Jan 15, 202557 min

S3 Ep 207207: How to Not Die After Scaling to +20k Doors: The Renters Warehouse Story

Welcome, Closers! In this episode, Jordan sits down with Kevin Ortner, CEO of Renters Warehouse, to dive into the incredible journey of scaling to +20,000 doors, launching +30 franchises, and leading transformative mergers and acquisitions. Kevin shares how bold risks with innovative tech, smart pricing strategies, and a focus on the NOI metric drove success. He also discusses challenges in high-density markets, the importance of customer-centric verticalization, and the role of institutional investment. Plus, learn about their recent merger with a Tokyo-based PropTech firm, paving the way for even more real estate innovation. This episode is a masterclass in navigating different stages of entrepreneurship—don't miss it!Renters Warehouse was also a title sponsor of the Property Management Trends Report. See the link below.Quick Links:📘 Newsletter: https://muela.ck.page/profile🌐 Website: https://www.profitablepropertymanagement.com🔵 Facebook: https://www.facebook.com/PPMpodcast📺 YouTube: https://www.youtube.com/@profitablepropertymanagement🔵 Kevin Ortner on LinkedIn: https://www.linkedin.com/in/kevinmortner/📊 Property Management Trends Report: https://www.leadsimple.com/pm-trends-report

Dec 23, 20241h 50m

S3 Ep 206206: 10x Growth with Marco Nelson: Strategies for Scaling and Solving Hidden Customer Challenges

Welcome, Closers! Jordan is back with another episode of the Profitable Property Management Podcast. Join him and Marco Nelson, Co-founder and CEO of RentCheck, as they they explore topics, including how resident-led inspections are reshaping the industry, the AI tech that could 10x your ROI, strategies for creating entrepreneurial value, tips for new founders on scaling and venture capital, and Marco’s personal approach to entrepreneurial success!Quick Links:📘 Newsletter https://muela.ck.page/profile🌐 Website https://www.profitablepropertymanagement.com🔵 Facebook: https://www.facebook.com/PPMpodcast📺 YouTube: https://www.youtube.com/@profitablepropertymanagement🔵 Marco Nelson on Linkedin: https://www.linkedin.com/in/marco-nelson-67470530/

Dec 11, 202447 min

S3 Ep 205205: From Operations to Sales: Bob Hansen’s Playbook for Winning Deals

Welcome Closers! Jordan’s back with another episode of the Profitable Property Management Podcast. Join him & Bob Hansen, VP of Sales at VeriFast as they dive into a variety of topics, including **Bob’s transition from operations to sales, dealing with ‘false pains’ in the sales process, and the differences between selling to single-family vs. multi-family properties. Plus, Bob shares his top tips for becoming a top-tier salesperson, how to motivate your sales team, and the story behind closing his toughest deal yet!**“What is the noise you're hearing about me?” - Bob’s advice for a new salespeople. Ask leaders about your personal brand. Tune in to find out more!Quick Links:Bob Hansen, VP Sales at VeriFast: https://www.linkedin.com/in/hansenbob/📘 Newsletter: https://muela.ck.page/profile🌐 Website: https://www.profitablepropertymanagement.com🔵 Facebook: https://www.facebook.com/PPMpodcast📺 YouTube: https://www.youtube.com/@profitablepropertymanagement

Nov 22, 202442 min

S3 Ep 204204: How RentVine Raised $74M to End Protectionism in the PAS Market

Welcome Closers! Jordan’s back with another episode of the Profitable Property Management Podcast. Join him & Dave Borden, CEO of RentVine, as they discuss the evolution of Rentvine, the process of raising capital, how data sharing is disrupting incumbents, the successful mindset of an entrepreneur, and the state of the property management software ecosystem.“Its not three years ago, but if you have a great business you are going to get a good valuation” - Dave Borden on the state of the capital markets.Quick Links:🎟️ LeadSimple University tickets: https://www.leadsimple.com/lsu📘 Newsletter https://muela.ck.page/profile🌐 Website [https://www.profitablepropertymanagement.com](https://www.profitablepropertymanagement.com/)🔵 https://www.facebook.com/PPMpodcast📺 https://www.youtube.com/@profitablepropertymanagementGuest: Dave Borden, CEO of RentVine: https://www.linkedin.com/in/david-borden-a760093

Aug 26, 20241h 24m

S3 Ep 203203: How to Grow Your Property Management Business w/ Jeremy Pound

Welcome Closers! Jordan’s back with another episode of the Profitable Property Management Podcast. Join him & Jeremy Pound, CEO of RentScale + publisher of Strategic PM, as they dive into a variety of topics, including: setting & aiming at specific goals to grow your business, leadership & coaching, two exciting events happening in Austin, TX the first week of December - LeadSimple University and RentScale Sales Mastery Live, and more.“The faster you want to grow, the faster you want to pulse.” - Jeremy Pound on what’s required to increase the velocity of your company’s growth. Tune in to learn more about the “how”.Quick Links: LeadSimple University tickets: https://www.leadsimple.com/lsu RentScale Sales Mastery tickets: https://salesmastery.live/ Newsletter https://muela.ck.page/profile Website https://www.profitablepropertymanagement.com https://www.facebook.com/PPMpodcast https://www.youtube.com/@profitablepropertymanagement

Aug 23, 202457 min

S3 Ep 202202: From No Money to 500 Properties: The Rosenbaum Realty Story

Welcome Closers! In this engaging episode of the Profitable Property Management Podcast. Jordan interviews Tiffany Rosenbaum, Co-Founder of Rosenbaum Realty Group. Dive into Tiffany's inspiring journey through the property management industry, from the inception of her company in the heart of Phoenix Metroplex to managing an impressive portfolio of 500 doors. Tiffany shares her passion for real estate, the critical role of property management, and the strategic expansion into short-term rentals. Explore the challenges, triumphs, and the significant impact of building a global team and fostering a culture of continuous improvement and empowerment.[00:00:26] - Introduction of Tiffany Rosenbaum[00:00:46] - Rosenbaum Realty Group's current business scope[00:01:37] - What drives Tiffany’s passion for property management[00:02:00] - The story of starting in real estate with no money[00:04:05] - The first major client and business growth[00:05:17] - Leadership lessons and the importance of hiring the right team[00:06:55] - Embracing a global workforce for greater efficiency[00:09:06] - Building a unified team culture remotely[00:11:12] - Critical role of process management in operations[00:14:13] - The significance of people operations in company growth[00:19:24] - Auditing processes and compliance for continual improvement[00:21:23] - Financial health and cash flow optimization strategies[00:23:19] - Evolution of quality of life through business growth[00:27:12] - Personal reflections on resilience and agency[00:32:09] - The value of relationships and personal growth in business📘 Newsletter https://muela.ck.page/profile🌐 Website [https://www.profitablepropertymanagement.com](https://www.profitablepropertymanagement.com/)🔵 https://www.facebook.com/PPMpodcast📺 https://www.youtube.com/@profitablepropertymanagement

Mar 20, 202444 min

S3 Ep 201201: Balancing Profitability & Passion: Sarah Hatch's Formula for Success

Welcome Closers!In this episode, Jordan interviews Sarah Hatch, the Founder and Owner of Hatch Property Management and Sales. Sarah shares her journey into property management, from construction & hands-on work to owning & operating her own business. She discusses her experience in commercial property management and her transition to residential property management after having her first child. Sarah also talks about the unique challenges of managing properties for military and state department clients in the Washington D.C. area.Key Moments[00:00:46] Sarah's background and how she got into property management[00:07:59] Why Sarah chose to manage residential properties despite her commercial background[00:10:37] Sarah's business size: 200 doors and 15 employees[00:17:18] Sarah's goals for 2024, including creating a video library for maintenance troubleshooting[00:22:31] An example of effective troubleshooting that saved an owner money[00:31:28] How Sarah prioritizes resident experience and builds a sense of community[00:40:57] An example of Sarah's team supporting one another during a difficult time[00:45:06] Sarah's approach to dealing with difficult tenants and evictionsIf you enjoyed this episode and want to hear more insightful conversations about property management, be sure to subscribe to the Profitable Property Management Podcast on your favorite podcast platform or YouTube. You won't want to miss our upcoming episodes featuring industry experts and successful entrepreneurs sharing their knowledge and experiences.🔗 https://www.hatchpropertymanagement.com https://www.facebook.com/sarah.pamula

Mar 13, 202451 min

S3 Ep 200200: Data Driven Process Design with Daniel Craig

Welcome Closers! In the 200th episode, Jordan and special guest Daniel Craig, Chief Strategy Officer at ProfitCoach, dive into the evolution of the property management industry & discuss their journey together from inception of ProfitCoach to today.They run it back to 2017, sharing the challenges of data standardization in property management and the development of the national benchmarking study, known as the NARPM Accounting Standards today, as well as “Season 2” of ProfitCoach. The episode gets into the concepts of profit and operational performance, the significance of data-driven process design, and value creation in property management.Insight generation and best practices in property managementReflections on the evolution of their working relationship since 2017Impact of ProfitCoach on the industry and individual growthDiscussions on industry benchmarks and profitability trendsLinks Referenced:ProfitCoach Pricing Survey http://pmprofitcoach.com/pricingreporthttps://www.pmprofitcoach.com/profitcoach-national-pricing-survey/📘 Newsletter https://muela.ck.page/profile 🌐 Website https://www.profitablepropertymanagement.com 🔵 https://www.facebook.com/PPMpodcast📺 https://www.youtube.com/@profitablepropertymanagement

Mar 8, 20241h 16m

S3 Ep 199199: 80 to 1400 Doors in 1000 days: How To Grow Fast with Mike Mefferd

Welcome Closers! This episode dives into the strategic advantages that deep local ties and expertise can provide in the property management business. Hear how Mike Mefferd, CEO of Bridgestream Property Management, and his team leverage relationships to better serve owners during difficult times like COVID. Explore their purposeful approach focused on enhancing lives and raising industry standards.00:00:27 - Company Mission and Values00:01:40 - Growth and Current Size00:02:14 - Acquisition Strategies00:06:03 - Future Plans and Management Platforms00:11:08 - Expansion Challenges00:19:04 - Building Local Relationships00:32:43 - Staff Management and Culture00:37:33 - Financial Strategies📘 Newsletter https://muela.ck.page/profile 🌐 Website https://www.profitablepropertymanagement.com 🔵 https://www.facebook.com/PPMpodcast📺 https://www.youtube.com/@profitablepropertymanagement

Feb 28, 202444 min

S3 Ep 198198: Building A Powerhouse Brand with Gwenn Aspen

Welcome Closers!In this insightful episode of the Profitable Property Management Podcast, host Jordan Muela sits down with property management entrepreneur Gwenn Aspen, CEO Of Anequim, to discuss her journey from creating a property management company to pioneering remote professional services.Gwenn shares her experiences, the challenges she faced transitioning from corporate America to entrepreneurship, and her innovative approach to leveraging virtual assistants for property management needs.[00:00:00] Introduction: Welcome and introduction of Gwenn Aspen, her background in property management, and the inception of Anequim.[00:05:22] Gwenn's Journey: Transition from corporate America to entrepreneurship.[00:10:45] Building Anequim: Challenges and milestones in creating a remote labor solution for property management.[00:15:30] Leveraging Virtual Assistants: How Anequim utilizes virtual assistants from Mexico to revolutionize property management tasks.[00:20:55] Personal Growth: Gwenn shares her personal growth journey and managing emotions in leadership.[00:25:40] Industry Impact: The impact of Anequim on the property management industry and future trends.[00:30:15] Advice for Entrepreneurs: Gwenn's advice for aspiring entrepreneurs in the property management sector.[00:35:00] Q&A with Listeners: Live Q&A session with listeners asking Gwenn about her experiences and strategies.[00:40:25] Conclusion: Closing remarks and how to connect with Gwenn Aspen for further insights.📘 Newsletter https://muela.ck.page/profile 🌐 Website https://www.profitablepropertymanagement.com 🔵 https://www.facebook.com/PPMpodcast 📺 https://www.youtube.com/@profitablepropertymanagement

Feb 21, 202436 min

S3 Ep 197197: Building a Property Management Legacy: Taylor Haas's Journey

Welcome Closers!In this insightful episode of the Profitable Property Management Podcast, Jordan interviews Taylor Haas, the current Director of Operations at leading property management company Colorado Realty & Property Management. Taylor shares her journey from starting as a receptionist to climbing the ranks to a top leadership position, overcoming challenges, and driving innovation and growth within the company.00:00:06 Introduction of Taylor Haas00:00:25 Taylor's transition from receptionist to Director of Operations00:01:33 Overcoming nepotism and earning her role00:03:18 The secret behind the company's success00:05:06 Daily responsibilities and innovation in operations00:06:15 Communication and empathy as core policies00:09:03 Handling staff feedback and improving processes00:11:04 Performance reviews and maintaining high standards00:13:01 Addressing noncompliance and nonperformance00:15:34 Market dynamics and adjusting business strategies00:19:34 Future aspirations for the business and personal growthIf you found value in today’s episode, don’t forget to subscribe to our podcast on Apple Podcasts, Spotify, or YouTube. Stay updated with the latest in property management and banking insights. For more resources and episodes, visit our Facebook Group. Share your thoughts and join the community!🔗 https://www.coloradorpm.comLinkedin https://www.linkedin.com/in/taylor-haas-3720b5138

Feb 14, 202455 min

S3 Ep 196196: The Allison DiSarro Approach: Why Banking With A Personal Touch Matters

Welcome Closers!Join us in this insightful episode of the Profitable Property Management Podcast as host Jordan Muela speaks with Allison DiSarro from Enterprise Bank & Trust. Dive deep into the significance of building connections in banking, how Allison's unique approach to property management banking sets her apart, and the impact of empathy on client relationships in business.00:00:00 - Introduction to Allison DiSarro and the theme of relational banking.00:01:03 - The uncommon nature of personal relationships in banking.00:10:14 - Evolution of banking services for property management.00:15:17 - The critical role of compliance and trust account management.00:24:21 - Navigating the challenges and opportunities of the PPP loans.00:34:32 - The importance of specializing and knowing your niche.00:43:10 - Final thoughts and advice for the younger selfIf you found value in today’s episode, don’t forget to subscribe to our podcast on Apple Podcasts, Spotify, or YouTube. Stay updated with the latest in property management and banking insights. For more resources and episodes, visit our Facebook Group. Share your thoughts and join the community!📘 Newsletter https://muela.ck.page/profile🌐 Website https://www.profitablepropertymanagement.com🔵 https://www.facebook.com/PPMpodcast📺 https://www.youtube.com/@profitablepropertymanagement

Feb 7, 202442 min

S3 Ep 195195: Learning to Love Marketing with Mike Lautensack

Welcome Closers!In this insightful episode, host Jordan Muela talks with Mike Lautensack, the brains behind Del Val Realty and Property Management. Mike shares his journey from the early days of his business to its current success, discussing challenges, strategies, and insights into the property management industry.[00:00:00] Intro[00:00:43] Mike's Business Evolution and Growth[00:02:00] Best and Worst Parts of Property Management[00:03:05] Mike's Start in the Business and Early Challenges[00:06:03] Business Expansion and Strategic Decisions[00:10:22] Mike's Approach to Marketing and Growth[00:15:59] Importance of Customer Testimonials[00:19:14] Website Strategy and Conversion Tactics[00:26:21] Content Strategy and Organic Traffic[00:30:29] Advice to Younger Self and Business Outlook[00:32:51] Mentorship and Influences in Business📘 Book https://www.landlordsecretsbook.com🌐 Website https://www.delvalproperty.com🔗 Linkedin https://www.linkedin.com/in/michellautensack🔵 https://www.facebook.com/delvalproperty/📷 https://www.instagram.com/delvalproperty/Don't forget to subscribe to the "Profitable Property Management Podcast" on Apple Podcasts, Spotify, and YouTube for more episodes like this. Stay updated with the latest in property management and gain valuable insights from industry experts. Subscribe now for additional content and insights!

Jan 31, 202434 min

S3 Ep 194194: 43 Years & Counting: How To Stay in The PM Game & Keep Winning with Chris Hermanski

Welcome Closers!Join host Jordan Muela in episode 194 of the Profitable Property Management Podcast, as we delve into the dynamic world of property management with industry veteran Chris Hermanski. From the early beginnings of his career to the present transition of his business, Chris shares invaluable insights on the challenges and triumphs of managing a successful property management firm.Key Moments:00:26 Introduction to Chris Hermanski01:04 The Transition in Business Leadership02:32 Managing Growth and Change in Property Management04:22 The Challenges and Joys of the Business06:22 The Importance of Delegation and Team Management12:18 Navigating Low Points and Leveraging Technology14:45 Adapting to Regulatory Changes in Property Management18:44 Training and Onboarding New Property Managers26:36 The Impact of Technology and Remote Team Members28:53 Market Trends and Future PredictionsDon't forget to subscribe to the Profitable Property Management Podcast on Apple Podcast, Spotify, or YouTube for more insights and stories from leaders in the property management industry!

Jan 24, 202439 min

S3 Ep 193193: 10 to 1100 Doors - Leadership Secrets for Sustainable Growth

Welcome Closers! In this episode, Jordan interviews Dora Pinter from Service Star Realty about running a stable and growing property management business.Service Star Realty: LeaseAZ.com00:02 Overview of Service Star Realty's business00:10 Leadership style and company culture00:19 Early days of growth00:23 Working with virtual assistants00:27 Future growth plans00:32 The power of focus and intention00:37 Finding the right path for your business00:43 Team member growth storiesIf you enjoyed this episode, please subscribe on your favorite podcast platform or YouTube to get notified about new episodes with other industry experts. Leaving a review also helps spread the word so more property management professionals can benefit from this content.https://www.youtube.com/@profitablepropertymanagement

Jan 17, 202448 min

S3 Ep 192192: From Feeling Trapped to Mapping Your Tasks: Core Processes for 50-200 Doors with Kristen Lopez

Welcome Closers!In this episode, Kristen Lopez recounts her journey from wholesaling upstart to Business Development Manager and coaching in the PM Industry into a process pro. She discusses her property management path through RentWerx, RentScale, Rescover software, and finally launching her own company, PM PathBuilders. Kristen shares wisdom on optimizing processes, change management, metrics, working with salespeople, and how she turned her own process passion into a business.00:00 - Kristen's Background and Entry into Property Management 00:42 - Kristen's Wholesaling Experience and Burnout01:26 - Kristen's Pivot to Sales at RentWerx 02:59 - Kristen's Move to RentScale and Coaching Role 04:11 - Kristen's Stint at Discover Software 05:38 - Kristen Launching PM PathBuilders 10:52 - Process Documentation Decay Rates 12:34 - Typical State of Processes Before Working with Clients 13:04 - Benefits of Process Documentation 14:28 - Ideal Process Documentation Specificity 21:13 - Project Implementation and Change Management 23:33 - Order of Documenting Processes34:13 - Setting Operational Metrics and Benchmarks40:27 Outsourcing Maintenance Coordination 41:00 - Having Her Own Documented Processes 42:20 - Salespeople Wanting Structure and Processes 47:12 - Getting Out of Feeling TrappedPMPathBuilders: pmpathbuilders.com

Jan 10, 202452 min

S3 Ep 191191: The Future of Rental Applications With Grace Doering

Welcome Closers,Grace from Findigs joins host Jordan to discuss improving the rental application experience. They cover Grace's background, what attracted her to startups and proptech, problems with historical rental applications, and how Findigs is addressing those issues.00:00 - Introductions00:22 - Grace discusses her background and what inspired her to join Findigs02:00 - Grace talks about what she loves about startups03:28 - Discussion of early startup team members needing to be comfortable with uncertainty05:00 - Comparing companies as families vs. sports teams07:38 - Importance of trust between departments at startups09:55 - Grace explains problems she experienced with rental applications17:05 - Grace talks about the type of startups she is attracted to long-term18:15 - Discussion of problems with historical rental applications22:34 - Why solutions like Findigs are appearing now25:39 - Findigs analysis to prevent fraudulent documents31:36 - Direct integrations Findigs has with property management softwareWith rental applications being a renter's first impression of a property company, Findigs aims to make the process easy, transparent and secure for applicants. Tune in to hear Grace's insights on the future of rental apps!Findigs - findigs.comThe Profitable Property Management Podcast - profitablepropertymanagement.comLeadSimple - LeadSimple.com

Jan 5, 202448 min

S3 Ep 190190: Transitioning Out After 40 Years in Property Management - Bob Machado's Exit Story

Welcome Closers!In this episode of The Profitable Property Management Podcast, host Jordan Muela has an insightful discussion with veteran property manager Bob Machado. Bob shares his 40+ year journey in the property management industry, starting in the late 1970s when he stumbled into the business.00:48 - Getting into property management via 8 houses in 1979 as a new real estate agent11:00 - Forming initial partnership company, Sigma Delta Property Management16:23 - Joining the NARPM board in 1992 and spearheading massive membership growth26:22 - Splitting partnership company in half to reform his own company, Home Point36:00 - Selling Home Point to HomeRiver in 2017, staying for transition before joining acquisitionsHRG Link: homeriver.comSubscribe on your favorite podcast platform or my YouTube channel for more property management content and interviews with industry leaders.

Dec 29, 202341 min

S3 Ep 189189: Building A Community for Growth-Minded Property Managers

Welcome Closers!In this episode of The Profitable Property Management Podcast, host Jordan Muela has an informal discussion with Peter Lohmann and Wolf Croskey. They talk about Peter and Wolf's new venture called Crane, a community for growth-oriented property managers looking to take their businesses to the next level.Peter Lohmann: Co-founder of Crane community, runs a sizable property management company RL Property Managment https://rlpmg.comWolf Croskey: Co-founder of Crane community, also an active property manager, How's My Rental, https://howsmyrental.coResource Links🔗Crane Community: https://www.joincrane.coPeter's Newsletter https://peter.beehiiv.com/subscribe⏱️ Timestamps:00:02:06 - Origin story of Crane community 00:03:13 - Crane Community00:17:28 - Finding fulfillment vs chasing scale in property management00:27:43 - Leadership Styles with Staff00:35:11 - Observing LeadSimple's team as an insider 00:41:58 - Vendor Customer Relationships00:47:57 - Property management's core issue isn't a technology problemSubscribe to the podcast or Jordan Muela's YouTube channel for more content and conversations. You can connect with Jordan and the community on social media or visit https://www.profitablepropertymanagement.com for more information and resources.📣If you found value in the conversation, please consider subscribing and following the show on your favorite podcast app. Leaving a rating and review also helps spread the word to other property managers who may benefit from the discussion.

Dec 20, 202352 min

S3 Ep 188188: Regulating Resident Experience - Transparency and Choice with Thad Tarkington

In this episode of the Profitable Property Management Podcast, host Jordan interviews guest Thad Tarkington, co-founder and CEO of Second Nature, about his experience in the property management industry over the past decade. They discuss changes Thad has observed, thoughts on regulation, the importance of transparency and choice for residents, adapting services based on property manager needs, navigating stress, and more.Topics/Guest and Resources:Guest: Thad Tarkington, Co-Founder & CEO of Second NatureIndustry changes over the past decade - increased professionalization, new solutions & awarenessRegulation - the need for transparency, accountability and resident choiceTailoring resident benefits & services to solve problems for propertiesIntegrations between property management softwareManaging stress and finding meaning in your workSecond Nature https://www.secondnature.comhttps://www.linkedin.com/in/ttarkingtonhttps://www.profitablepropertymanagement.comKey Moments:2:20 - Thad provides background on himself and Second Nature14:17 - How the industry has progressed over the past decade29:04 - Solving highly emotional resident issues like pest control31:24 - Designing a flexible system for residents to customize services42:34 - Jordan's view that stress comes from wanting things to be different47:51 - Thad on finding personal fulfillment and advancing the industryGet access to the video version of this podcast episode and subscribe for additional content on property management strategies and insights by Jordan and guests by subscribing on our YouTube channel. Search Profitable Property Management Podcast on YouTube to find us and join!

Dec 13, 202350 min

S3 Ep 187187:Getting to Stable at 700 doors: How Luke Street Transformed His Business

Welcome Closers!In this episode of the Profitable Property Management Podcast, host Jordan sits down with Luke Street to discuss his background and experiences in the property management industry. They talk about Luke's journey into property management, his decision to transition away from short-term rentals to focus on long-term rentals, optimizing his business for profitability and quality of life, the role of technology and integrations, and his vision for the future of his business.Topics Discussed:Getting into property management after college during the 2008 financial crisisPurchasing a property management company during the BP oil spill payoutsGrowing to 700 doors then transitioning to focus on quality over quantityShifting to long-term rentals and away from short-term due to burnoutUtilizing technology like Rent Manager to increase efficiencyAchieving work-life balance with a 40 hour work weekAiming to get the business to 1,000 doors then step backDefining success based on profitability and purpose rather than rapid growthResources Mentioned:Main Street Property Management Group - https://www.forrentpensacola.comRent Manager - https://www.rentmanager.comProfit Coach business consulting - https://www.pmprofitcoach.comLeadSimple - https://www.leadsimple.comKey Moments:15:42 - On shifting focus from door count to profitability per door23:49 - On achieving work-life balance through efficiency31:10 - On Rent Manager's integrations capabilities38:09 - On wish he had focused on client quality from the very beginning41:00 - On business goals of getting to 1,000 doors then pulling back43:04 - On not projecting one's own goals and definition of success onto othersIf you enjoyed this episode, be sure to subscribe to the Profitable Property Management Podcast on YouTube for more content and insights from Jordan and guests of the show.

Nov 29, 202348 min

S3 Ep 186186: 600 Doors in a Year - The Inside Story with Yoni Schmidt

Welcome Closers!Jordan interviews Yoni Schmidt, VP of Sales at KeyRenter Property Management, about leading sales teams and driving growth across multiple property management markets. They discuss finding and developing successful salespeople, lead generation tactics, communicating effectively with prospective clients, Yoni's ramp from 0 to 600 doors in Oklahoma City, and more.Key MomentsThe importance of understanding ROI, systems and alignment of incentives to build trust with owners (6:52)Tactics for adding value to referral partners like real estate agents (13:44)Guidance on ramp up time and expectations for new BDMs (20:19)Getting an 80% response rate increase to initial outreach texts by tweaking the messaging (29:32)Currently at 2,600 doors spread across 4 markets, with 700 doors in OKC which launched just 3 years ago (32:18)For additional content, subscribe or go to The Profitable Property Management Podcast website by visiting www.profitablepropertymanagement.com to access a growing library of videos related to scaling your property management company.

Nov 22, 202337 min

S3 Ep 185185: How to Think About Growth Strategies in PM

Welcome Closers,In this episode of the Profitable Property Management Podcast, hosts Jordan Muela and Jeremy Pound discuss strategies for driving growth in the residential property management industry. They cover topics like lead generation, forecasting, goal-setting, and investing in company culture.TopicsLead generation strategies: inbound, outbound, referral marketingSetting realistic yet ambitious growth goalsThe importance of forecasting and goal-settingInvesting in company culture and employeesCelebrating top operators in the industryRemoving friction to enable creation and growthGuest:Jeremy Pound - Sales coach and co-founder of RentScale and This Week in Property ManagementRentscale.comSalesmastery.liveKey Moments:The importance of enjoying the sales and marketing strategies you pursue based on your strengths and temperament (12:25)Leaning financially into growth goals and ambitions (20:04)Mastermind groups forming among roles like operations managers and maintenance coordinators (33:07)Setting growth goals based on how much "strain" you are willing to take on (39:18)Origins of Jeremy's idea for a property management magazine (43:15)How to subscribe to the Strategic Property Management magazine and podcast (49:54)Be sure to subscribe to This Week in Property Management on YouTube for more great content and insights from Jordan and Jeremy!

Nov 15, 202353 min

S3 Ep 184184: Stop Unit Churn By Selling To Other Owners - Meet Blanket

Welcome Closers!In this episode of Profitable Property Management, Jordan talks to Lior Abramovitch from Blanket Homes about their new technology to help property managers combat churn and retain properties in their portfolios.Topics and GuestsGuest: Lior Abramovitch, founder of Blanket HomesTopics discussed:The problem of churn in property management and losing revenue from properties leaving the portfolioWhy property managers often don't capture sales even though they have broker licensesHow Blanket's platform enables internal sales within a property manager's portfolio to retain propertiesKey features of Blanket's platform: marketplace, investor dashboard, data integrationsBenefits to property managers including increased revenue, visibility into portfolio performance, automated communications to ownersOperational details on how Blanket's brokerage services work with or without the property manager's involvementMacroeconomic trends in real estate and opportunities for property managersLior's background in real estate investing and technologyLinks and Resources:Blanket Homes website - https://www.blankethomes.comThe Profitable Property Management Podcast - www.profitablepropertymanagement.comKey Moments:Many property managers experience churn rates of 30-35% annually, representing huge revenue loss (2:35)Biggest driver of churn is owners selling properties, but most property managers don't capture those sales (3:17)Blanket's platform enables internal sales so properties stay in the PM's portfolio (7:02)Main benefit to PMs is retaining properties to grow their portfolio and revenue (14:21)Blanket handles communications to owners like emails about sales opportunities (12:51)PMs can choose their level of involvement: Blanket can represent transactions or PM can be the broker (15:15)Now is a challenging but opportunistic time for real estate investors and property managers (27:23)

Nov 8, 202355 min

S3 Ep 183183: Process Automation For the Masses w/ Todd Ortscheid

Welcome Closers!In this episode of Profitable Property Management, Jordan interviews Todd Ortscheid, property management expert and consultant. They discuss Todd's journey in the industry, best practices for systematizing and automating property management processes, hiring and managing staff, industry trends, and more.Key Topics Discussed:Todd's background and transition into consultingThe benefits and challenges of consultingQualifying good consulting clientsThe hours required to build efficient processesProperty management software optionsIntegrations for automationGetting team buy-in on using systemsCreating effective processes and checklistsGathering staff feedback on processesSetting client expectations for automationHiring slowly and firing quicklyPersonality testing for putting people in the right rolesHandling difficult conversations and conflictMaintaining community and transparency as the industry growsRelevant Links:PM Assist: https://www.pmassist.net/Revolution Rental Management: https://www.revolutionrentalmanagement.comThinking Fast and Slow by Daniel Kahneman: https://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555Profit Coach: https://profitcoach.com/RentScale: https://rentscale.comKey Moments:4:34 - Trying different systems before landing on LeadSimple21:05 - Estimating hours required to build efficient processes37:58 - The importance of personality testing in hiring44:43 - Valuing honesty and authenticity in business48:13 - The potential impact of creating industry standardsSubscribe on YouTube for Additional Content:If you enjoyed this episode, be sure to subscribe to Profitable Property Management on YouTube. There you’ll find videos and further insights to help take your rental business to the next level.

Nov 1, 202353 min

S3 Ep 182182: Creating Standard Operating Procedures that Actually Work with Kelli Segretto

Welcome Closers!In this episode of Profitable Property Management, host Jordan talks with operations expert Kelli Segreto about her unique career journey and insights into multifamily vs single family management. They discuss best practices around creating standardized operating procedures, getting staff buy-in on new technology, building fee-capturing processes, and obtaining owner approvals. Kelli also provides perspective on useful versus overkill automation and the future of integrated property management software.[00:01:00] Kelli shares her background starting in property management as a contractor[00:02:30] Kelli compares single family versus multifamily management[00:08:00] They discuss incentives and optimizing for resident experience[00:16:15] Kelli talks about policies to drive owner-PM alignment[00:21:15] Approaches for handling owner maintenance requests[00:33:10] Kelli discusses the value of standardized, digitized processes[00:44:00] Perspective on useful versus overkill automation[00:55:30] Kelli shares her vision for integrated property management softwareKelli Segreto's website: https://ksegretto.comWe hope you enjoyed this episode! Be sure to subscribe on your favorite podcast platform to get new episodes as soon as they release.

Oct 25, 202358 min

S3 Ep 181181: Benchmarking Maintenance Stats to Drive Investor Retention with Ray Hespen

In this episode of the Profitable Property Management Podcast, host Jordan Petty interviews returning guest Ray Hespen, CEO of PropertyMeld, about his journey as an entrepreneur in the property management software industry. They discuss data, benchmarks, and best practices around property maintenance and investor retention. Ray also shares his insights on motivations, hiring for resilience, and the importance of understanding customer pain points.

Oct 18, 202355 min

S3 Ep 180180: Why Ben Sold to Rhome

OverviewIn this episode of The Profitable Property Management Podcast, host Jordan Muela has an in-depth discussion with Ben Sencenbaugh, founder of Realty Medics, about growing his property management company over the past 10 years before a recent acquisition. They cover Ben's journey from starting with just 200 doors to now managing over 1600, implementing systems and processes, lessons learned along the way, work/life balance as an entrepreneur, and finding the right buyer to acquire his business.Topics and GuestsBen Sencenbaugh, Founder of Realty MedicsGrowing a property management business over 10 yearsImplementing systems and processesUsing marketing tactics like radio and direct mailMaintaining profitability while scaling a businessSelling a property management companyChange management and leading teamsAchieving work/life balance as an entrepreneurFinding the right buyer for an acquisitionRelevant Links and ResourcesRealty Medics - https://realtymedics.com/Profitable Property Management Podcast YouTube Channel - https://www.youtube.com/@profitablepropertymanagement/LeadSimple Software - https://leadsimple.com/Danny Craig, Profit Coach - https://profitcoach.com/Jeremy Pound, RentScale - https://www.RentScale.com/Key Moments00:02:32 Ben shares the story of growing from 200 to 1650 doors in 10 years00:07:36 Implementing Podio in 2016 to organize processes00:12:18 Focusing on foreclosures and rehabs in the early years00:17:28 Starting radio ads and direct mail campaigns00:26:26 Bringing on Pam Kawasaki to refine branding and messaging00:31:08 Ben talks about his ability to build customized processes and software00:34:46 Starting with automating the renewal process first00:39:54 Sitting with employees to solve issues with new systems00:45:44 Implementing a customer service call center for incoming calls01:06:41 Not having a defined "end game" but being open to acquisition01:12:24 Learning about planning the "way down" after a sale01:16:33 Seeking an acquirer that would be the right fit to take care of staffFor more content like this, be sure to subscribe to the Profitable Property Management Podcast YouTube channel. You'll find videos of full podcast episodes with Jordan Muela and other great guests from the industry.

Oct 12, 20231h 46m

S3 Ep 179179: Systemize and Scale a Property Management Business with Sarah Durbin

Welcome Closers!In this episode of the Profitable Property Management Podcast, host Jordan Muela is joined by entrepreneur Sarah Durbin to discuss her journey from door-to-door sales to building a property management empire starting at just 18 years old.Topics and Guests:Sarah Durbin - Property management entrepreneurTransitioning from door-to-door sales to property managementScaling a property management business from a small townCentralizing back office systems for multi-market expansionTraining, empowering, and getting the most from your staffDangers of DIY landlords making emotional decisionsRebuilding after selling a business amidst personal tragedyKey Moments:Started door-to-door sales offices at 18Learning curve from small to big marketCentralizing ops with multi-market expansionSold businesses after family tragedyWants property managers seen as professionalsRelevant Links:Sarah's website: www.sarahdurbin.comProfitable Property Management Podcast: https://www.profitablepropertymanagement.comIf you enjoyed this episode, make sure to subscribe to the Profitable Property Management Podcast YouTube channel. You'll get access to video versions of each episode plus exclusive content only available on YouTube!

Oct 4, 202349 min

S3 Ep 178178: Building Technology That Aligns With Your Business Model with Chuck Hattemer

Welcome Closers!In this episode of Profitable Property Management, host Jordan Muela is joined by Chuck Hattemer, Co-Founder of Poplar Homes, to discuss the journey of building and scaling their proptech company over 9 years.Topics Discussed:Origin story of Poplar Homes and early challenges with product-market fitPivoting to focus more on operations and building out scalable processesTaking a measured approach to M&A vs raising lots of capitalThe importance of preserving local expertise through acquisitionsTheir vision for creating branded digital experiences for owners and rentersHow Poplar thinks about expanding into new marketsNavigating differing regulatory environments across statesPerspective on role of proptech in the future of real estateIf you want to hear the inside scoop from a successful proptech founder, don't miss this episode!Make sure to like 👍 this video and subscribe 🔔 to the channel for more insightful conversations!

Sep 27, 202348 min

S3 Ep 177Marco Nelson On Solving The Trust Gap Between Property Managers And Tenants

Welcome Closers!In this episode, Jordan talks with Marco Nelson, founder of proptech startup RentCheck, about his journey from the military to entrepreneurship. They discuss solving friction points between property managers and tenants, approaches to building value-driven software, navigating startup fundraising, and more.Topics and Guests: • Marco Nelson, Founder & CEO of RentCheckTopics Discussed: • Background on Marco & RentCheck • Bridging communication gaps between property managers & tenants • Enabling resident self-inspections • Building product-market fit • Culture, leadership principles, and staying curious as you scale • Changes in capital markets and startup fundraising • Dangers of overvalued startup valuations • Marco’s motivations as an entrepreneur • Balancing intensity of startup lifeSubscribe on your favorite Podcast Platform for More Content:Don't forget to subscribe on YouTube for more insightful founder interviews and property management content!

Sep 21, 202347 min

S3 Ep 176176: From 100 to 4000 Doors in 5 Years - Scaling a Property Management Empire

Welcome Closers!Serial entrepreneur Benton Cotter joins us to share his journey scaling multiple property management companies from 100 to 4000+ units. Gain unique perspectives on centralization, integration, company culture, competing with large platforms, and more.Key Moments:Getting started in property managementRapid growth through digital marketingThe portfolio manager modelLessons on centralizationManaging regulations across marketsIntegrating after a tech company acquisitionCurrent M&A trends in property managementExiting a company after 1 yearNew partnership focused on serviceDon't miss future episodes with Benton and other industry experts! For more thought-provoking discussions and insights, subscribe to our YouTube channel. We'd love to hear your thoughts on the episode, so please leave a comment or review!https://www.youtube.com/@profitablepropertymanagement

Sep 13, 202343 min

S3 Ep 175175: The State of Venture Capital In Property Management

Welcome Closers!In this episode, Jordan provides an in-depth analysis of mergers, acquisitions, and venture capital in the property management industry. He discusses the recent cycle of rollups and outside capital entering the space, explaining why standardizing complex property management operations has proven difficult. Jordan contrasts the venture capital versus value investing mindsets, arguing that cashflow-focused deals often fare better than those emphasizing big revenue promises. He also highlights the knowledge asymmetry that exists between experienced property managers and outside capital pursing deals in the space.Key Moments:The recent cycle of capital and rollups in property management The challenges of standardizing complex operations across different property typesWhy venture capital has struggled to generate standout returns in residential property management The difference between cashflow valuation versus revenue multiples The knowledge asymmetry between seasoned property managers and outside capital If you enjoyed this episode, don't forget to subscribe to the Profitable Property Management Podcast on your favorite podcasting platform. For more thought-provoking discussions and insights, subscribe to our YouTube channel. We'd love to hear your thoughts on the episode, so please leave a comment or review!More episodes of The Profitable Property Management Podcast:https://www.youtube.com/@profitablepropertymanagement

Aug 30, 202338 min

S3 Ep 174174: Transforming Complaints into Possibilities with Jordan Muela

Welcome Closers,In this episode, we dive deep into the world of customer complaints with Jordan Muela, a seasoned entrepreneur and expert in handling customer feedback. Jordan shares his unique approach to transforming complaints into opportunities for growth and improvement.Episode Overview:Jordan joins us to discuss the power of handling customer complaints effectively. He introduces us to the concept of CCR (Complaint, Contribution, Request), a method that transforms complaints into possibilities. Jordan shares his insights on how to use complaints as a tool to improve services and build stronger relationships with customers.Key Moments:Understanding the concept of CCR (Complaint, Contribution, Request)How to effectively handle customer complaints Real-life examples of transforming complaints into opportunities The impact of CCR on business growth and customer relationships If you enjoyed this episode, don't forget to subscribe to our YouTube channel for additional content. https://www.youtube.com/@profitablepropertymanagement

Aug 23, 20237 min

S3 Ep 173173: Infinite Games in the Workplace

Welcome Closers!In this episode of the Profitable Property Management Podcast Jordan shares his unique perspective on the concept of "Infinite Games" and how it applies to the workplace and our personal lives.Key Moments: • The concept of "Infinite Games" and how it applies to the workplace and our personal lives. • Insights on how the journey towards a goal can lead to personal and professional growth. • Importance of commitment in achieving goals and how it can lead to personal transformation. • The importance of quality relationships at work and how they contribute to a fulfilling career.If you enjoyed this episode, don't forget to subscribe to the Profitable Property Management Podcast on your favorite podcasting platform. For more thought-provoking discussions and insights, subscribe to our YouTube channel. We'd love to hear your thoughts on the episode, so please leave a comment or review!More episodes of The Profitable Property Management Podcast:https://www.youtube.com/@profitablepropertymanagement

Aug 16, 20237 min

S3 Ep 172172: Finding Meaning at Work: Why Vision and Values Matter

Welcome Closers,In this insightful episode, Jordan dives into the importance of vision and values in the workplace, the role of risk-taking in business, and the power of meaningful work. Jordan shares his unique perspective on these topics, providing valuable insights for entrepreneurs and business leaders alike.

Aug 9, 202316 min

S3 Ep 171171: Agency Over Everything

Welcome Closers, In this solo episode, Jordan Muela dives into the critical concept of personal agency - the power each of us has to influence outcomes and events through our choices and actions. He explores how adopting a high agency mindset is key to achieving goals, overcoming obstacles, and creating the life you want.Topics Discussed: The difference between feeling you have agency vs. feeling like things are happening to you (00:00:45 - 00:01:42)Why believing you have agency is a choice and mental "exercise" (00:01:44 - 00:02:13)Where lack of agency shows up: conversations with team members, complaining vs solving problems (00:02:13 - 00:04:19)The importance of curiosity not judgment when faced with low agency attitudes (00:04:19 - 00:05:27)You always have a choice - even if it's difficult or painful in the moment (00:05:27 - 00:07:27)Getting clear on your vision to justify the price of agency (00:07:27 - 00:08:18)Daily practice of flexing your agency "muscle" (00:08:18 - 00:09:36)Resources:More episodes of The Profitable Property Management Podcast: https://www.youtube.com/@profitablepropertymanagementSubscribe on YouTube for more content:Don't miss future episodes - subscribe to Jordan's YouTube channel via the link above for more great content aimed at helping you build profitable systems in your business and life!

Aug 2, 202315 min

S3 Ep 170170: Pushing Through Failure to Find Success in Property Management - Maranda's Journey

Welcome Closers!In this episode of The Profitable Property Management Podcast, host Jordan Muela interviews Maranda Hunnicutt, owner of Foothills Property Management based in Anderson, SC. They discuss Maranda's journey to building her business, company culture, integrating technology, and balancing entrepreneurship with motherhood.Topics and GuestsMaranda Hunnicutt, Owner of Foothills Property ManagementGetting established as a young, female entrepreneur ([00:02:12])Pushing through failures on the path to success ([00:05:20])Developing company culture and investing in employees ([00:08:30])Integrating technology stack for efficiency gains ([00:23:01])Finding balance as a female entrepreneur and mom ([00:41:29])ResourcesFoothills Property Management: https://www.foothillspm.comProfitable Property Management Podcast: https://propertymanagementpodcast.comSubscribe on YouTube for More ContentDon't miss future episodes - subscribe to the Profitable Property Management Podcast YouTube channel to get access to video versions of episodes, special guest interviews, conference coverage and more: https://youtube.com/c/PropertyManagementPodcast

Jul 27, 202356 min

S3 Ep 169169: Boosting Profit Margins in Property Management - Strategies from Bradley Johnson

Hello Closers!In this podcast episode, Bradley Johnson provides valuable insights into effective management strategies, the importance of clear communication, and the challenges of leading a property management business. Whether you're a property manager or interested in the industry, this episode offers practical advice and lessons learned from Bradley's experience.Subscribe to The Profitable Property Management Podcast to gain valuable insights and strategies for running a successful property management business. Stay updated on the latest episodes and learn from industry experts like Bradley Johnson. Don't miss out on the opportunity to grow your business and increase profitability.

Jul 19, 202348 min

S3 Ep 168168: From Military to Property Management - David Borden's Entrepreneurial Journey

Welcome Closers!Join us as David Borden, a seasoned entrepreneur, shares his journey from the military to mastering property management. Learn from his experiences with RentClicks.com and his current venture, RentVine. Tune in for insights on the future of rental properties and tips on scaling your business.Subscribe to the Profitable Property Management Podcast to gain valuable insights and strategies for growing your property management business. Don't miss out on future episodes filled with expert interviews and actionable tips. Subscribe now on your favorite podcast platform.

Jul 12, 202350 min

S3 Ep 167167: Building a Successful Property Management Business, Lessons from Carla Browne

Welcome Closers!In this episode of The Profitable Property Management Podcast, host Jordan welcomes special guest Carla Browne, a property management expert from Canada. Carla shares her journey in the property management industry, her experiences with real property management organizations in the U.S., and her insights on the Canadian market. She discusses the challenges and opportunities in the property management industry and emphasizes the need for professionalism and growth in the field.Topics Discussed:Carla's transition from real estate to property managementThe importance of passion and determination in overcoming challengesCarla's involvement with real property management organizations in the U.S.The unique opportunity for growth in the Canadian marketThe need to elevate the property management profession in CanadaDifferences between the Canadian and U.S. property management marketsSubscribe to The Profitable Property Management Podcast to get access to more episodes featuring industry experts and valuable insights on property management.Don't miss out on the opportunity to grow your property management business and increase your profitability.

Jul 5, 202342 min

S3 Ep 166166: Maximizing Tenant Relationships for Business Success with Corey Bohner

Welcome Closers!In this episode of The Profitable Property Management Podcast, host Jordan Muela and special guest Corey Bohner discuss the challenges of dealing with tenants in property management. They explore how to cultivate healthy and functional tenant relationships that serve business goals and objectives.Throughout the episode, Jordan and Corey provide valuable insights and strategies for dealing with difficult tenants and cultivating healthy tenant relationships in property management.Don't miss out on this informative and engaging episode of The Profitable Property Management Podcast. Subscribe to the podcast, and sign up for the newsletter for more updates on property management strategies and insights.

Jun 28, 202351 min