Peter Lohmann's Newsletter - Issue #109

Crane Applications Reopen Today: New Benefits

Running a property management company can be lonely, and overwhelming at times.

That’s why I co-founded Crane 1 year ago, with renowned industry expert Wolfgang Croskey.

Crane is the premier private community for property management business owner & operators.

And we just made it even better. In addition to all the amazing benefits already inside Crane from launch, Members now enjoy:

• Access to our our new systems & process expert. Every member gets 4+ hours a month with them for process & automation troubleshooting, integration, and setup!

• RTM hiring from our “talent pool”, refreshed with 20 new pre-screened global talent candidates each month. Watch a video introduction, set up an interview and hire anyone you like. Free.

• RTM “white-glove” placements for $1,100 each. Fill out a form describing your exact needs, budget, and job description. Our partners at Sagan Passport will work with you one-on-one to find the perfect global talent team member for your property management company. Our volume allows us to offer this unbelievable price for members.

• New in-person events: Crane Dinners, an annual 2+ day Crane Retreat, and Crane Meetups alongside major industry conferences including NARPM National, LeadSimple University, and the Systems Conference.

• Duplicate my 2024 updated property management Notion buildout(!) + my business partner Adam Rich’s PM Maintenance Course for use inside your PM company.

• We’re thrilled to welcome our brand new hand-picked Crane Partners this week: AppFolio, LeadSimple, Property Meld, Second Nature, ProfitCoach, RentScale, and Blanket! Crane Partners are offering exclusive benefits for Crane members, and joining us inside our online community & live events.

• Monthly pricing now available! No need to pay for a year up front.

We have packed so much value into Crane it’s hard to believe. And I love it. My personal goals for every Crane member:

1. Receive 10x the value of what they’re paying to be a member.

2. Achieve time freedom through annual Crane Breaks, where they fully disconnect from their business for 1, 2, or 4 weeks at a time.

Cost: $5,000/year or $500/mo.

If you own a PM company with at least 100 doors under management, find out if there’s a place for you inside Crane:

THIS ISSUE IS PRESENTED BY JULIAN CALVO

I have bad news: your team is tracking their daily tasks outside of your property management software.

This was true for my team at RL, and I guarantee it’s true at your company unless you’re using a workflow product that is directly integrated with your property management software!

Worse than that — using multiple systems like this is causing them to burn out and make mistakes.

I spoke with process consultant Julian Calvo about this topic & how he’s working with property management teams all over the country to address this. He’s helping PM companies restore clarity, focus and calm.

Ready to talk to Julian with LeadSimple, and streamline your PM operations?

Scaling a PM Company to 4,000 Apartments

I’ve just released my hour-long conversation with Logan Rankin, a Wisconsin-based real estate investor who has scaled up his ownership to over 4k units in the last 10 years, with no outside capital.

And the way he manages these properties will blow you away. Just look at these stats:

• 97% of work orders completed within 48hrs

• Under 1% rent delinquency

• 98% of phone calls answered by the 2nd ring

• 3-day turns are normal

• 150+ turns per month

• Rehabs often begin before he closes on the purchase!

You’ve got to listen to how he does this. We get into all the details. Links:

Spotify // Apple Podcasts // YouTube

New Property Management Companies For Sale This Week

• Here is a property management company for sale in Rockville, MD (asking $1.1M, over 280 properties)

• Here is a property management company for sale in Charlotte, NC (asking $1.3M)

• Here is a property management portfolio for sale in Maryland (asking $100k, 46 doors)

• Here is an HOA property management company for sale in Las Vegas, NV (asking $500k)

• Here is a property management company for sale in Clark County, NV (asking $1.8M, 250 properties)

• Here is a property management company for sale in San Bernardino County, CA (asking $550k)

• Here is an association management company for sale in Miami-Dade County, FL (asking $900k)

• Here’s a property management company for sale in Champions Gate, FL (35 houses, asking 275k)

Industry News and Events

• Most important survey of the year: What is a “good job” in property management? Daniel Craig & the PM Operations Standards authors want your opinion! Complete this survey please.

• Alex Toth has launched Turntiger, a new company built to handle PM turns and renovations. To start they are serving four cities in Ohio.

• Haven’t bought tix or hotel for NARPM National yet? Second Nature has teamed up with industry partners to comp your ticket and/or hotel stay. Details here. This is a steal!

Closing Thought

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Stats from last week’s issue:

• Valid Recipients: 11,822

• Open Rate: 68.4% (brooo)

• Clickthrough Rate: 5.3%

• Most Popular Link (91 clicks): Jon Matzner’s 18 all-time favorite books

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

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 decisions9