Peter Lohmann's Newsletter - Issue #110

New Podcast Episodes

It’s been a while since I talked about my property management podcast here… but Season 4 is in full swing, with new episodes every week. I’m getting tons of great feedback from listeners (thank you).

I want to highlight two recent episodes in particular. They’re fun to listen to back-to-back, because each guest has a radically different philosophy on how to think about the resident experience.

1. Donny Thompson manages 1900 units with 10 people. Whaaaaat. It sounds insane, unbelievable even. But I’ve known Donny for years; he’s right here in my market (Columbus, Ohio). Donny manages lower-end homes and apartments for property owners all over the country. He’s built an impressive machine to handle section 8 at massive scale. Donny does not have a phone number for tenants. They must text or email to reach the office.

2. Logan Rankin owns 4,000 (actually he just passed 5,000 this week) apartments by himself. No outside capital, no JV/LPs, nothing like that. He sharpened his operational chops at Target corporate and has an amazing and inspiring story of starting with a couple duplexes and just relentlessly focusing on property management operations. His team can turn over an entire apartment in 72 hours. Logan requires all resident phone calls to be answered before the 3rd ring.

You simply must listen to these episodes if you’re in property management. You will love hearing from these guys. Subscribe to my podcast and you’ll find these interviews near the top of the feed. Click the button and you’ll see options to subscribe in various podcast players (and on YouTube):

THIS ISSUE IS PRESENTED BY UTILITY PROFIT

Watch an Overview of Utility Profit

In this quick one-minute overview, Zac, co-founder of Utility Profit, explains how their platform simplifies utility setup for your tenants, all while keeping your brand front and center with a seamless white-labeled system. It’s an easy way to streamline operations and increate your revenue. I highly recommend booking a demo to see how Utility Profit can transform your move-in processes!

Crane Applications Close on Wednesday

Got 100+ doors under management?

Learn more about Crane and find out if you qualify. We only open applications twice a year, so don’t wait.

We’ve got something special going inside the community… take a look at some highlights from an in-depth member survey we did earlier this year:

New Property Management Companies For Sale This Week

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

• Here is a property management company for sale in Rockville, MD (asking $1.1M, 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 Pittsburgh, PA (asking $180K, 179 doors)

• Here is a property management company for sale in Florida (asking $300k, 122 doors)

• Here is an association management company for sale in Sarasota County, FL (asking $395k)

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

Industry News and Events

• I already heard from 1 reader who got free tix and hotel to the NARPM property management conference next month. There’s still time… more info here.

• Don’t forget to register for LeadSimple’s user conference in December. They’re running a team bundle right now… buy 3+ tix, save big. I’m speaking and it’s a really well-done event.

• While you’re in Austin for LeadSimple, bolt on RentScale’s 1-day event, conveniently happening the day before. I’ve been multiple times and it’s excellent. I’m sending my BDM this year.

Closing Thought

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Stats from last week’s issue:

• Valid Recipients: 11,945

• Open Rate: 60.4%

• Clickthrough Rate: 4.2%

• Most Popular Link (42 clicks): Interview with Julian Calvo (LeadSimple)

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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 decisions.