Property Management Brainstorm

Hello friends and Brainstormers! Since my retirement in 2024, I’m no longer posting new PMB episodes and SM updates.

Thank you all for your support, likes, follows and subscribes over the years. I will keep PMB live for the foreseeable future for those who still use it as a resource. 🙏❤️🫶

In the meantime, I’ve been working on a new retirement passion project for quite some time now. Stay tuned, we will be launching Bob Preston - The Retired Mindset later in September 2025!
I’m so excited to get it started! 🙌

Success in the property management industry isn’t just about experience- it’s about having the right growth plan and strategies. Having an excellent blueprint for success allowed me to scale my property management company and sell it for a seven-figure cash liquidity exit. My team at Property Management Brainstorm has partnered with Upkeep Media Inc. to create Property Management Blueprint - a step-by-step online course designed to help you launch, grow, and optimize your property management company.

This course covers everything you need to know. From operations and marketing to sales and retention, you can follow our blueprint to avoid costly mistakes and start seeing real growth.

💯 Join our free webinar for an exclusive preview:
https://propertymanagementblueprint.co/webinar

💥 Limited-time offer: Get $1000 off with code PMB1000 - expires March 15th!

👉 You can also join now: https://propertymanagementblueprint.co/ if you’re ready to take your business to the next level!

This is the roadmap you’ve been looking for. Let’s make it happen!

Property Management Blueprint Property Management Blueprint is an accelerator for your property management business. Our academy is your personal training ground. The mastermind is your private sounding ground. Together, they help you level up like you’re using cheat codes.

Outsource showings and fieldwork to crush your leasing season. Thank you, Showdigs - Property Managers and Barak Shamir, for this terrific new Episode 84!


Host Bob Preston engages in a dynamic discussion with Barak Shamir of Showdigs, shedding light on property managers' challenges during the leasing season. This conversation not only helps property managers prepare for the busy season but also offers a solution by showcasing how Showdigs can empower them to optimize their operations. Barak elaborates on the various aspects of leasing efficiency and how Showdigs can be a game-changer in streamlining their leasing process.

Takeaways:
* The leasing season brings increased turnovers, inspections, and showings.
* Inefficiencies in processes can lead to staff burnout and lost business.
* Showdigs can help property managers streamline operations.
* Consistency in inspections and reports is critical.
* Squatters pose a significant challenge for property managers.
* Preventing rental fraud is essential.
* Showdigs offers a pay-as-you-go pricing model without tiers
* Visit Showdigs at booth 605 at the NARPM Broker/Owner Conference in Amelia Island, Florida, April 16-18, 2024.

Episode 84: Crush it During the Leasing Season Ft Barak Shamir Host Bob Preston engages in a dynamic discussion with Barak Shamir of Showdigs, shedding light on the challenges property managers face during the leasing se...

Terrific new Property Management Brainstorm episode with Tiffany Rosenbaum! We discuss points of failure in property management companies, a must listen!

In this episode, renowned property management expert Tiffany Rosenbaum and seasoned host Bob Preston delve into property management failures and entrepreneurs' struggles. Drawing from their extensive experience, they underscore the importance of learning from failures and mistakes encountered in the journey of growing businesses.

Takeaways
* Failures are part of the entrepreneurial journey.
* Self-doubt is common among entrepreneurs.
* Effective processes are crucial for success.
* Micromanagement can hinder the growth.
* Anticipating customer needs can set a business apart.
* Continuous learning and embracing struggles are essential.

Chapters
02:00 Introduction and Background
04:02 Importance of Discussing Property Management Failures
04:50 Struggles and Self-Doubt in Entrepreneurship
14:07 LeadSimple Midroll Commercial
17:20 Common Failures in Property Management
20:50 Implementing Procedures and Processes
28:30 Embracing Struggles and Continuous Learning

https://youtu.be/UIcXmacSNCk?si=6yY0E1i6FEFjkrOd

Connect with Bob Preston
https://www.propertymanagementbrainstorm.com

Episode 83: Property Management Failures Ft Tiffany Rosenbaum In this episode, renowned property management expert Tiffany Rosenbaum and seasoned host Bob Preston delve into property management failures and entrepreneur...

In this new Episode 82, host Bob Preston and guest Dylan McGrath discuss how to prepare a property management company for acquisition, what is involved in the process, and various valuation models. If you have ever wondered what it would be like to sell your property management business and what steps would be involved, this episode is a must-listen!

Takeaways:
* Costs to engage a business broker
* Models for valuing a property management business
* Structuring of a property management business sale
* Due diligence and information exchanged

Chapters:
00:00 Introduction and Dylan’s background
04:54 Getting started in selling a property management company?
08:42 Fees paid to a business broker
12:14 Due diligence process and information exchanged
16:23 Valuation models for property management companies
21:11 Structuring the purchase arrangement: asset sale vs. stock sale
25:58 The current state of company valuations
32:05 Steps involved in closing the sale
46:49 Clawback provisions in an agreement
49:20 Closing comments and how to connect with Dylan

Ep 82: Preparing Your Property Management Company for Acquisition Ft Dylan McGrath Host Bob Preston and guest Dylan McGrath discuss how to prepare a property management company for acquisition, what is involved in the process, and various v...

Episode 81: Crush Your Biz Dev For Max Door Growth Ft Jeremy Pound!

On our latest podcast episode, host Bob Preston and guest Jeremy Pound discuss various aspects of business development and new client acquisition in the property management industry. The conversation also delves into the building blocks for creating a successful business development program and the characteristics of a good business development manager.



Takeaways:
* Understanding the local market and competition
* Finding the right business development manager
* Motivating business development managers
* CRM Software
* Significant opportunities for growth

Chapters:
00:00 Introduction and Background
05:20 Challenges in Acquiring New Doors
10:20 Understanding the Local Market and Competition
13:45 Building Blocks for Business Development
18:00 Reluctance to Delegate Business Development
30:00 Motivating and Compensating Business Development Managers
37:20 Importance of Customer Relationship Management Software
52:40 Closing Thoughts

Episode 81: Crush Your Biz Dev For Max Door Growth Ft Jeremy Pound On this episode, host Bob Preston and guest Jeremy Pound discuss various aspects of business development and new client acquisition in the property managemen...

Bob Preston shares his top five ways to kickoff 2024 for property management businesses. He emphasizes the importance of strategic planning, organizational checkups, accountability and goals, kickoff meetings, and budget trimming. These steps are crucial for setting the direction, aligning the team, and optimizing resources for a successful year ahead.

Takeaways:
1. Create a strategic plan with a forecast and budget for the new year.
2. Conduct an organizational checkup to assess the company's culture and alignment.
3. Establish accountability and goals for every team member.
4. Host a kickoff meeting to communicate expectations and review past performance.
5. Trim 15% of the budget to optimize resources and achieve new profitability goals.

Chapters:
00:00 Introduction and Overview of Bob's Five Ways to Kickoff 2024
03:08 Chapter 1: Forecast and Strategic Planning for the New Year
06:02 Chapter 2: Organizational Checkup
07:30 Chapter 3: Accountability and Goals
09:38 Chapter 4: Kickoff Meeting
10:35 Chapter 5: Budget Trim Challenge
13:01 Summary of the "Five Ways" and conclusion

https://youtu.be/oWGG-bZXpEA

Episode 80: Five Ways to Kick Off 2024 In this episode, Bob Preston shares his top five ways to kickoff 2024 for property management businesses. He emphasizes the importance of strategic planning,...

Bob Hansen of Second Nature joins host Bob Preston as a guest on Ep 79 of Property Management Brainstorm. We unpack the opportunities in the mid-market multifamily rental market. Great episode, have a listen!

https://youtu.be/hdn-we8wDR8?si=bgIPNddic6h9qtzk

Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/

This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.

Episode 79: Opportunities in Mid-market Multifamily Ft Bob Hansen Bob Hansen, Principal at Second Nature, joins host Bob Preston to discuss the mid-market multifamily rental sector and its challenges and opportunities. He h...

It was a blast joining Taylor and the APM Help team on their launch of the PM Level Up podcast. We did a deep dive into the journey of a PM startup to the first 100 doors. Click through, listen, and connect with us Property Management Brainstorm!

Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/

This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.

PM Level UP - Episode 1 Getting Started Bob Preston and Taylor Hou discuss the intricacies of opening a property management business and wha the first few years look like. If you want to know how t...

In a new Episode of Property Management Brainstorm, Ft. Pete Neubig, CEO of VPM Solutions, discusses staffing structure and optimization. Great episode, have a listen! Always great having my good friend Pete on the show and we dive into some great topics.


Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/

This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.

Episode 78: Optimizing PM Teams for Success Ft Pete Neubig Pete Neubig is the co-founder and CEO of VPM Solutions – the first and only staffing solution platform targeted specifically toward property managers and rea...

Thank you to San Diego Voyager Magazine, featuring San Diego inspiring stories, for the fun interview and great article about Bob Preston, our lead consultant and podcast host! It's a great read about Bob's inspiring journey through the real estate and property management industry.

http://sdvoyager.com/interview/check-out-bob-prestons-story/

Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/

This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.

Check Out Bob Preston’s Story - SDVoyager - San Diego Today we’d like to introduce you to Bob Preston. Bob Preston Bob, we appreciate you taking the time to share your story with us today. Where does your story begin? I’m the Broker/Owner of Weichert Realtors – North County, a full-service Real Estate Brokerage in Del Mar, CA. I am also the lead ...

Thank you to Upkeep Media Inc. Inc. and Stephen Fox for inviting me as a guest, delving into the strategy leading to my start in Property Management. It was such a great conversation and topic.

We delve into the importance of a strategic direction, market positioning, and marketing messaging in formulating how others will see your property management business. This is SO important for attracting the right property owners and investors that fit with your property portfolio and company culture.

Learn more about us: Property Management Brainstorm

https://youtu.be/i4y_m5mjsGc?si=gJuH5QTh52VmKIae

Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/

This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.

From Starting a Property Management Company to Selling with Hundreds of Doors Discover the invaluable insights and strategies that propelled Bob's property management career, as he shares the pivotal moments that led to the establishme...