Peter Lohmann's Newsletter - Issue #113

The Co-Founder Interview

My business partner Adam Rich agreed to sit down for an interview recently. He is not a public person so this is really the first time you’ll hear the history of RL Property Management and our other ventures from his perspective.

Adam is the most analytic person I know, and is an “engineer’s engineer”. He keeps me grounded. We’ve been friends for 23 years(!) and business partners for 16. Much of my thinking about investing, systems, and business has been heavily influenced by Adam.

Day-to-day, he runs the engineering company we own here in central Ohio while looking for our next real estate investment. He also recently created a course about how to start, grow & profitably operate an in-house maintenance department at your property management company (ours does 900k annually and was started by Adam).

Find this episode live now on Spotify, Apple Podcasts, and Youtube:

THIS ISSUE IS PRESENTED BY LEADSIMPLE

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⚙️ No Setup Needed: Just activate, and let pre-loaded processes and templates populate your workflows.

📊 Stay Informed: Track work orders, team workload, performance, and customer service metrics on your LeadSimple Dashboard.

🚀 More Sync for Rentvine Users: Enjoy 2-way sync for Owner, Tenant, Vendor, and Property/Unit details and notes.

🗓️ Join Our Webinars! Learn how to activate and maximize your new maintenance workflows today!

NARPM National Conference: Afterparty Roundup

All times are Central. Links go to RSVP where possible.

Tuesday:

• Crane (Members & Partners only). 6:00-8:00pm. Transportation provided.

• Buildium (with AvidXchange, Citizen, Obligo, Property Meld, ShowMojo & TenantTurner). 7:30-11:00pm.

• Second Nature. 8:00pm-11:00pm.

Wednesday:

• ProfitCoach (with AppFolio, Blanket, Crane, Enterprise Bank, LeadSimple, Property Meld & Second Nature). 6:30-9:00pm. Invite-only for now.

Catch me on stage with NARPM CEO Gail Phillips & others for a panel discussion about the past & future of residential property management. Wednesday at 1:45 in the Imperial Ballroom.

New Property Management Companies For Sale This Week

• Here is a property management company for sale in Rhode Island (asking $1.1M)

• Here is a property management company for sale in Champions Gate, FL

  (asking $275k, 35 properties)

• Here is an HOA management company for sale in Maricopa County, AZ (asking $1.1M)

• Here are property management account for sale in Davenport, FL (asking $210k, 30 accounts)

• Here is a property management company for sale in Albuquerque, NM (asking 1.5M, 236 properties)

Industry News and Events

• Sina Shekou (Co-Founder of Propertyware and CEO of Aptly) has a great writeup here called “A Eulogy to Propertyware”. Must-read.

• Zillow is competing directly with professional property managers more and more these days. Here you’ll see they are now offering landlords tenant placement (via Doorstead). Do not like.

• Last chance to register for Second Nature’s VIP experience at NARPM National. Highly recommended if you are going. It’s free. First time going to NARPM? You may be eligible to have all your travel & lodging costs reimbursed. More here.

Closing Thought

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Stats from last week’s issue:

Valid Recipients: 12,239

Open Rate: 63.8%

Clickthrough Rate: 4.1%

Most Popular Link (67 clicks): Kalmar Group (Recruiter I use & recommend)

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That’s all for this week! Have a great weekend. -Peter

^{Peter Lohmann's Newsletter: Data. Details. Dedication.}

The content of this newsletter is for informational purposes only and does not constitute professional advice. I may have consulting agreements with, or financial interests in, companies mentioned in this newsletter. Additionally, some of the links included in this newsletter are affiliate links, meaning I may earn a commission if you make a purchase through these links. Always perform your own due diligence before making any financial or business decisions.