Peter Lohmann's Mailing List - Issue #75

Tuesday: Crane Applications Re-Open

I recently started a private community for 3rd party property managers with at least 100 doors under management. We launched in the middle of last year with an initial cohort of 35 members (out of almost 100 applications).

My partner in this business, Wolfgang Croskey, has talked me into re-opening membership for a couple weeks this month. Starting Tuesday, you will be able to apply (if you have previously applied, we will review your existing application and notify you if approved).

Learn more about Crane, see what all the buzz is about, and join the waitlist to be notified when applications re-open on Tuesday:

A Process Masterclass with Wolfgang Croskey

Speaking of Wolf, he’s done a lot of speaking but I had some unanswered questions for him such as:

• How did he get so skilled at developing processes?

• What systems or automations are saving him the most time at his property management company?

• How would he address an onboarded property owner who is demanding control over internal processes?

• How did he become so well-known in this industry?

• How can PMs get moving on improving their internal processes?

• Is there anything he tried to automate, but failed?

I got the chance to sit him down for an hour earlier this year and dig into everything listed above.

Watch the full interview on YouTube below, or catch it on my podcast feed (Season 3, Episode 2).

This week’s issue is sponsored by:

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The 25 Largest Property Management Companies

I would like to compile & maintain a list of the 25 largest property management companies in the United States, ranked by number of 3rd party rental doors under management.

I’m thinking of scattered-site management here, so this will exclude any large apartment communities.

If you believe your company may qualify for this list (500+ units), please fill out this quick survey.

Thanks!

Industry News and Events

• Here is a PM company for sale in Los Angeles (asking 7.2M)

• Here is a PM company for sale in Iowa (450 doors, asking 1M)

• This isn’t new, but I just learned about Flock Homes. They allow landlords to transfer the property to them using a 721 exchange, and obtain pro-rata ownership of the Flock portfolio in exchange. Flock then manages all the properties. It’s kind of like a mini-REIT.

• The PM Systems Conference has less than 10 tickets remaining. Grab yours quick. See you there in a few weeks.

Closing Thought

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

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P.S. Looking to reach 5,000+ property management company owners?

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