Peter Lohmann's Newsletter - Issue #83

How to Build a Process People Actually Want to Use

Available online for the first time — everything I’ve learned about building effective processes that people actually want to use.

(I tried a bunch of stupid stuff that didn’t work at all; learn from my mistakes).

This is 15 years of professional experience designing, building and running processes distilled into 35 minutes. If you want to learn more about how to systematize your business and create processes that your team will actually follow, give it a watch:

Thanks again to LeadSimple for giving me the chance to keynote their inaugural user conference — it was an honor and a pleasure.

This week’s issue is sponsored by:

Granite wants to be part of your exit strategy!

Granite is a premier 3rd party property management company with a focus on student and market rate housing. Granite's growth over the past few years has been fueled in part by acquisitions of other management companies across the country and we have no intention of slowing down!

Whether you've been kicking around the idea of selling your company or you've reached a point where you need additional support to take the business to the next level, Granite wants to be your partner as you explore your strategic options for the future. Granite's fair and competitive approach to PM company valuation and deal structuring has enabled mutually beneficial relationships for both the seller and Granite that extends well beyond the closing table.

We welcome you to visit us today at www.LiveGranite.com and reach out to schedule a meeting!

Notion Page Giveaway

Trying out something new this week. You may or may not know that I’m a Notion addict, and a few years ago used it to create a comprehensive company wiki for my property management business. Check out a video tour of my buildout if you’re curious how we’re using it.

If I could wave a magic wand and let every real estate investor and property manager in the world benefit from a company Notion instantly, I would do it. In the meantime, I’ve decided to experiment with giving away some of our pages as a way to inspire anyone on the fence, and maybe give them somewhere to start.

Above is a screenshot of our “Acronyms and Common Lingo” page. It’s invaluable for new team members as they train and onboard.

Grab your copy (free) right here, and use the Duplicate function (top right) to make it yours. Then you can edit it and do whatever you want, include pulling it into your existing Notion build. This link will expire in 6 days (I don’t want this page to be public forever).

Enjoy! If you like this, please let me know — I’m considering making it a weekly feature (with a new free page each week).

Dr. Gurner’s ULTRA SUCCESSFUL Newsletter

This is NOT sponsored or an affiliate post. I just like it and think you might, too.

My newsletter tends to focus on a lot of the practical details that are relevant for property managers and real estate investors. News, events, technical analysis, business strategy, etc.

But there’s more to being successful than that. Much more.

It all starts with mindset.

And mindset is what Dr. Gurner’s newsletter is all about.

Dr. Julie Gurner is a Doctor of psychology and nationally recognized executive performance coach for individual and corporate clients, primarily in finance and technology.

I originally connected with her on Twitter and have been enjoying her insights there, and in her newsletter, for over a year now. Highly recommended.

Subscribe here (she has free and paid versions). Dr. Gurner has generously extended a 20% discount off the cost of an annual subscription especially for readers of my newsletter.

Industry News and Events

• Here is a property maintenance company for sale in Colorado. Could be an interesting bolt-on to an existing PM or real estate operation.

• Here is a PM company for sale in Los Angeles, CA (75 units, asking 500k).

• Here is a PM company for sale in Florida (Looks like HOA management, asking 800k.)

• Here is a PM company for sale in Dallas, TX (asking 3.35M).

• I stumbled across this amazing deep-dive on the history and financial outlook of AppFolio from the perspective of an equity investor. It includes some excellent analysis of our industry (along with plenty of technical discussion). It was very interesting to see how a shrewd investor not affiliated with our industry thinks about property accounting software in general, and AppFolio specifically.

• ProfitCoach just posted a slew of interesting roles that are currently open, including two that I would actually love to do if I wasn’t busy with a million other things: Process Designer, and Financial Performance Coach. Check out the details and all open roles right here.

• Grab your tickets for the NARPM Broker/Owner Conference coming up in April. Early-bird pricing ends March 15th. Crane members can look forward to joining Wolf and I on a dinner cruise around Amelia Island on Tuesday evening. Also be sure you join the “Convention After Dark” Facebook group so you know about all the official and unofficial parties.

Closing Thought

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

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