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- Peter Lohmann's Newsletter - Issue #191
Peter Lohmann's Newsletter - Issue #191
A Nuclear Engineer turned Property Manager Talks AI. My Full Broker/Owner Recap.
What NARPM Broker/Owner 2026 Was Really About
I've written about this year’s NARPM Broker/Owner conference in my newsletter a lot lately, but this is the piece I've been circling around for a few weeks, because it's the hardest one to put into words.
Sold-out rooms and reorganized org charts are easy to write about. What was actually being said from the main stage is harder. But when I look back at the keynotes that anchored the three days, a common theme was undeniable:
Property managers have to stop acting like a service vendor and start acting like the authority in this asset class.
Jennifer Ruelens said it most directly. Her argument was that real estate investors are getting their guidance from people whose paycheck ends at the closing table (agents, influencers, transaction-based professionals) - all of whom are structurally unable to tell investors the truth about what owning a rental actually looks like. Property managers operate under a completely different model. When the client makes money, we make money. When we do a bad job, we lose the contract. That alignment is rare in this industry, and we don't talk about it enough.
Her closing line was the one that's stuck with me: "You actually don't have a choice, you've been drafted."
Marcus Sheridan came at it from a different angle - the trust angle. His pool company nearly went under in 2008, and the thing that saved him wasn't better marketing. It was a decision to obsess over every customer question, worry, and fear, and to address all of it publicly. He built the most-trafficked pool website in the world doing it. His line ("Google is a platform and platforms come and go, but trust is a principle and principles never change") is one I'm going to be repeating for a while.
John DiJulius closed it out with customer experience, and his point was simpler than it sounds: the enemy of any brand is inconsistency. Maintenance techs, vendors, contractors - they're all part of the experience whether we treat them that way or not.
Three keynotes. Three different frames. One underlying argument: be the authority, build the trust, deliver consistently, and stop apologizing for what we do.
I think a lot of operators left New Orleans with a clearer sense of what this industry is supposed to look like in five years. Whether we get there is up to us.
—Peter
P.S. I just posted the rest of my Broker/Owner coverage, check it out:
NARPM 2.0: Our Industry's National Association Is Finally Reinventing Itself Why NARPM has been stuck for 30 years, what the structural overhaul actually changes, and the four priorities that will define the next 24 months.
NARPM Sold Out Broker/Owner For the First Time, And You Could Feel It 1,300+ attendees, 267 first-timers, and why this conference has quietly become the most valuable event on the PM calendar.
What I Saw Walking the NARPM Broker/Owner Expo Floor: AI, Hype, and Tools Worth Paying Attention To The wall of AI claims, the vendors who could speak plainly, and the ones who couldn't.
The Three Best After-Parties at NARPM Broker/Owner 2026 The unofficial agenda - where the real conversations happened after the sessions wrapped.
THIS ISSUE IS PRESENTED BY UTILITY PROFIT
Build your first AI agent, step by step. No coding.
Most PMs I talk to want to start using AI to automate tasks, but don't know where to begin.
The only way to start is to pick a problem and build. Utility Profit is sharing a free kit to help you do exactly that, even if you've never built an AI agent before.
It's two text files you upload into your AI chat (Claude or ChatGPT). They walk you through building an agent that downloads your utility bills every morning and emails them into your PM software — at your own pace, answering questions as you go.
What you learn building this transfers to just about any other automation you want to build.
And trust me — once you build your first agent, you'll be hooked.
The AI Trap for PM Owners with Sam Eddinger
Sam Eddinger is a former nuclear engineer who built hundreds of LeadSimple processes himself at Ironclad Property Management. Then he realized he'd become the bottleneck. Now he's wrestling with the exact same temptation all over again — this time with AI and vibe coding.
We get into Ironclad's single-person departmental pod structure, why he ditched annual reviews for monthly ones, and how he runs an almost fully remote team in a Connecticut market that had zero rent growth from 2002 to 2017.
(Also available on Apple Podcasts & Spotify)
Property Management Companies For Sale This Week
This 1,600+ unit PM company in Washington D.C. is for sale. $1.39M gross revenue (asking price - NOT DISCLOSED)
Here’s a high-performing STR management portfolio in North Carolina (asking $1.9M, ~$1.26M annual revenue)
26-year PM business in Aspen, CO (asking $900K)
110-unit residential portfolio spanning Sacramento & San Francisco, CA (asking $500k, ~$300k annual revenue)
Sponsored by DoorLoop. Late payments aren't a tenant problem (they're a systems problem). Free webinar on May 21 covers eliminating manual collection, lifting online payment adoption, stabilizing cash flow, and real-time portfolio visibility. Register here.
Industry News & Events
ShowMojo’s Q1 Data Webinar is happening on May 27th. Register here.
LeadSimple’s 2026 user conference just wrapped and they revealed an ambitious new product roadmap. Here’s a sneak peek.
The ROAD to Housing Act is back on track, with a couple important fixes that make this a slam dunk for property managers, developers and other real estate professionals. NARPM has the details.
Over 1,500 landlords are in settlement discussions with the U.S. Department of Justice over a lawsuit filed to recoup losses during the pandemic. More from the Rental Housing Journal.
Closing Thought
A few quick things before you go…
Last week’s issue went to 21,884 readers (50% opened, 5% clicked)
The most popular link was my recent blog about Google’s new review policy (152 clicks)
Property managers: Your professional trade association is NARPM. You need to join if you’re not already a member.
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🤖 PeterBot Question of the Week
If you have any pressing PM questions, chat with PeterBot, my AI clone (try the audio). It’s trained on almost everything I’ve ever written or said, and can help you talk through your most challenging PM questions and problems. Give it a try and let me know what you think!
Software I’m using to scale my 700+ door property management company:
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Note: These are affiliate links, but I’ve been recommending all these companies long before any financial arrangements came into place.
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.


