Peter Lohmann's Newsletter - Issue #115

Challenging Property Management Industry Norms

I usually don’t hear much feedback when a new episode of my podcast is released. The nature of the format means that folks are usually busy when listening, and it’s not easy or convenient to send a note.

But once in a while, I will hear a LOT from listeners about a particular episode.

My interview with Crane member Mark Brower, released last week, was one of those episodes:

So! If you’d like to hear what all the fuss is about, you can check out the full episode here:

• Spotify

• Apple Podcasts

• YouTube

Thanks for coming on the show Mark!

THIS ISSUE IS PRESENTED BY PROPERTY MELD

Here’s the reality: State laws on repair speeds are tightening, and residents are quicker to take legal action. In the past six months alone, more property management companies are looking for solutions that provide proper documentation to shield their business from legal risks.  

Property Meld’s data uncovers key insights to protect you from negligence lawsuits: 

• Faster repairs mean fewer lawsuits: Companies completing repairs in 3.4 - 6.8 days significantly reduce their risk of negligence claims.

• Optimized workflows protect your business: Streamlining maintenance is essential to avoid costly legal battles.

• Automation ensures compliance: Automating communication and documentation maintains transparency and aligns with state regulations.

• Data-driven insights prevent risk: Access technician performance data and maintenance cycle times to make proactive, risk-reducing decisions.

Take control of your maintenance operations with Property Meld and build an ironclad defense against potential lawsuits.

NARPM National Week — News Roundup

I’m on my way home from NARPM National in Dallas— look for my personal thoughts & takeaways next Friday. In the meantime, here are some stories that caught my eye:

Second Nature announced the launch of a new resident experience platform.

AppFolio announced FolioSpace & the acquisition of LiveEasy, a “concierge platform providing moving and home services.”

Property Meld announced the addition of Lessen to their Vendor Nexus network.

Obligo raised 35M to “accelerate the growth of its flexible security deposit solutions for the residential rental market and to launch additional products.”

PlanOmatic announced their new listing media platform, first of it’s kind.

ProfitCoach released the first-ever PM Operations Standards.

New Property Management Companies For Sale This Week

• Here is a association management company for sale in Miami (asking $1M, 4,127 doors)

• Here is a property management company for sale in Las Vegas (asking $1.8M, 250 properties)

• Here is a property management company for sale in Wisconsin (asking $2.5M)

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

• Here is a property management company for sale in Providence, RI (asking $2M, 200 units)

By the way, did you know Live Oak Bank can you help finance the purchase of a property management company? Not sponsored, I just think it’s cool there’s a bank that specializes in this very niche type of loan.

Other Industry News and Events

• Got FOMO from missing NARPM? LeadSimple is hosting a user conference in just 5 weeks! Get tickets here (they sold out last year). See ya there.

• Last week, Rentvine announced that property management website company PMW “will become a wholly owned subsidiary of Rentvine, while continuing to operate autonomously under its own brand.” More here.

• I launched a new podcast with Jon Matzner, called Lazy Leverage. It’s basically two hard-core Ops guys who are obsessed with leverage, chatting about whatever is on their mind lately. Find it here on Spotify.

• A new report from TransUnion revealed a 33% increase in the number of property managers reporting rent payments, compared to last year.

Closing Thought

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Stats from last week’s issue:

Valid Recipients: 12,504

Open Rate: 62.3%

Clickthrough Rate: 4.9%

Most Popular Link (125 clicks): PM Ops Summit

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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.