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- Peter Lohmann's Newsletter - Issue #155
Peter Lohmann's Newsletter - Issue #155
Major new emotional support animal court ruling. Get into Harry Potter World.
Peter Lohmann
August 29, 2025
A no-fluff weekly publication for the property management industry.
Pet Fee Poll Results
Here’s what your peers are charging for monthly pet rent, based on the poll from last week’s issue with 256 votes:
This helped me understand that our own pet fee at RL Property Management is near the top of the market, so I plan to leave it as-is for now.
If you’re charging less than $25/month, this might be your sign to revisit your Pet Rent. Pet-related damages and turnover costs aren’t going down, and tenants are increasingly willing to pay.
By the way, if you’re looking for more hard data about what other property managers are charging for various fees, check out ProfitCoach’s excellent 2023 National PM Pricing Report. Cost: $99 (free for Crane members, grab it here).
THIS ISSUE IS PRESENTED BY ENTERPRISE BANK & TRUST
Property management companies from across the country partner with Enterprise Bank & Trust for:
Competitive analysis program to offset bank fees and third-party invoices
Property management trust account experts with dedicated support teams to help you open and manage your accounts
Streamlined loan process for simple or complex lending needs
Watch to learn more about our tailored solutions for property managers and their accounts:
“Allison understands all of the regulations involved with property management trust accounts. When I transferred my trust accounts over, the team was very involved and made it a seamless process. The credit system they provide is awesome as well. This banking team is hands-down the best option for trust accounts in the property management industry.”
-Mike Catalano
General Partner and Co-Founder
PURE Property Management
What makes a great COO?
About a year ago, my COO stepped away from her role to enjoy a well-earned early retirement with her family (you can hear our conversation here). That meant I had to find someone new… and fast. Thankfully, our new COO is a great fit, but that experience gave me a fresh perspective on what actually makes this role work.
That’s why I loved this conversation with Ginny Wood, former COO at LeadSimple and now a fractional exec for high-growth teams.
We dig into how to build a culture of speed, what founders often miss when hiring ops leaders, and how to tell if you’ve found the right fit (or not). She also opens up about taking a mid-career sabbatical, quieting the inner critic, and knowing when it’s time to move on. Check it out:
(You can also listen on Apple Podcasts or Spotify)
Podcast Sponsorship Spots Now Available - Inquire Here For Details.
Just Announced: Crane’s Fall Event [Live]
Can’t say more yet, but we’ll have some news to share… register now.
New Property Management Companies For Sale This Week
Here is a property management company for sale in Florida (asking $1.4M, 350 units)
This company in Lee County, FL manages a mixture of short and long-term rentals (asking $278.5k)
Here is a property management company for sale in Estes Park, CO (asking $475k)
Here is a short-term rental company for sale in Kissimmee, FL (asking $260k, 18 properties)
This section is sponsored by RentCast.io*. My team at RL Property Management has tested every rental comp tool out there, and RentCast is the one we trust and use every single day. Their report is accurate, fast, and easy. Try their free version, or use code PETER for 20% off Pro.
Industry News & Events
NARPM and Second Nature teamed up to offer complimentary NARPM National Tickets + hotel rooms for qualifying property managers who book and attend a 30-minute intro call with them. Many newsletter readers have taken advantage of this offer in the past.
The Kansas Supreme Court just ruled that woman does in fact owe $21k in late fees to her landlord.
This broke last Friday: New ESA ruling that affects landords & property managers. Read Todd Ortscheid’s analysis here. This could be a big deal.
Second Nature just opened VIP Experience registration for the NARPM Annual Convention. This is a no-brainer upgrade to your experience. They partnered up with AppFolio for a private event at The Wizarding World of Harry Potter™ – Hogsmeade™ at Universal’s Islands of Adventure! (Tuesday night - Oct. 21st)
Closing Thought
it's actually insane how much the ability to focus is a competitive advantage in today's brainrotted society. if you can just sit down, ignore your phone, resist doomscrolling, close slack/email for ~3 hours a day, you're basically superhuman at this point.
— Jay Alto (@theJayAlto)
4:45 PM • Aug 27, 2025
A few quick things before you go…
Last week’s issue went to 19,536 readers (58.5% opened, 6.1% clicked)
The most popular link was She Works With the Largest Property Management Operators: Deb Newell | Peter Lohmann’s Podcast (168 clicks)
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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. *Affiliate link.