Are you ready to purchase your tickets to Property Mangement Mastermind Conference? We are going over everything about the PMM Conference so you will be informed and ready to hit the floor running. It is March 2-4, 2020 at the Mirage in Las Vegas with two add on seminars Monday and Wednesday mornings. Please check out the new PMMCon.Com website that just went live today and reserve your place.
This conference is packed with leaders in our industry and some that aren’t but have knowledge that can be used in any industry. The Key Notes speakers are Andrew Reece a household name in the property management industry and John Warrillow author of Built to Sell. But these are only two of the amazing speakers we have lined up for you to interact with, learn from and hopefully walk away from with new insights for how to proceed in this industry.
This is going to be a very exciting 3 days and I know that you will be talking about everything you learned until we meet again in 2021. All of the ideas, tools, and knowledge on how to implement the things that you learned, but it's not all work and no play we have an Awards Banquet planned that will make you feel like royalty.
So go to the PMMCon.com website, register and start the process to success, tell your friends and colleagues about it this is an event that if you are in the property management industry you won’t want to miss.
Show Notes
[01:10] Brad is going over the dates for PMM Con for 2020 at the Mirage in Las Vegas.
[02:50] On the first day of the conference there is an add on seminar with Mike Nelson on Key Performance Indicators.
[04:24] In the afternoon starting about 1:15 on the main stage is the Key Note speaker Andrew Reece a very well know property manager speaking about what he has done with his company in Australia.
[06:08] After we hear from Andrew we are bringing in Scott Brady who will talk about how to use SWAT.
[06:46] These two speakers lead us into why we doing this conference in the first place our mastermind sessions - there are five mastermind groups with five different facilitators.
[08:17] We are doing the mastermind sessions day one so that you can meet the folks that you want to network with.
[08:48] This all ties into the vendor mixer that evening where you will mix with the vendors and advertisers to talk and mingle.
[09:34] Brad discusses the cost of the conference which includes meals, registration and the awards ceremony.
[11:18] Day two of the conference starts with Key Note speaker John Warrillow author of Built to Sell he also has a podcast with the same name.
[12:04] Next session the facilitators will come in and go over the highlights from the mastermind sessions.
[12:45] Jennifer Stoops is the next speaker, developing second in command, your replacement.
[13:55] Matt Whitaker does a presentation on the playbook for the unexpected acquisition.
[15:41] Brad is very excited about getting Mike Schaffer he has a podcast called Investing with your Team, step by step instructions on how to go out and buy properties with your team.
[16:50] Krista Peterson with Culture Index will also be there to talk about personality assessment tests.
[18:34] Workflow platforms with Michael and Heather Parks, how they work, the benefits of them and what the future holds.
[19:14] The Awards Banquet, the fun stuff as Brad calls it is the last evening of the conference, he is encouraging you to apply for an award.through Survey Monkey. It is a black-tie affair come dressed appropriately, there will be dinner and an open bar.
[22:21] Implementation day facilitator will drive the conversation to get you organized to implement what you learned when you get back.
[23:28] Lt Colonel Mike Bajema will talk about the extreme ownership concept.
[25:08] Add on seminar number two is Mike instructing on extreme ownership even further, hands-on learning and team-building exercises.
[26:39] Would you like to advertise at this conference?
[28:39] Brad hopes you take away from this conference the excitement that makes you impatient for the conference in 2021, he hopes to see you there.
Links and Resources:
Property Management Mastermind
Property Management Mastermind Group on Facebook
adisarro@sccombank.com
(619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank)
(918) 728 8992 (Derek Scott with Insurance Management Group)
NARPM Southern States Conference
National Apartment Association
For Conference information https://pmmcon.com/
Welcome to the show Mr. Kevin Ortner, CEO of Renters Warehouse and he shares his insights on property management as a whole. Renters Warehouse, one of the largest management companies in the business, manages 22,000 homes in 40 markets, most of which are retail investors with some institutional work sprinkled in.
I love offering listeners fantastic benefits, such as some great discounts for products, with new offers coming all the time! You can see a complete list at propertymanagementmastermind.com. For all of these offers, use the discount code “Brad” to secure your discount. Be sure to grab a seat for our Pulling Back the Curtain Conference in Denver, Colorado. Find out more on our website.
Kevin delves into a wide array of topics on this episode, and you won’t want to miss his predictions for the next recession. Learn his thoughts on how new proposed legislation and regulations will affect the industry and why realtors as property managers is a dangerous concept.
Learn how NARPM’s new accounting standards are being received and implemented within Renters Warehouse and why Kevin believes this is a step in the right direction toward professionalization in the industry. By creating one way to look at accounting principles, everyone will be speaking the same language and benchmarks can be set. They also help with the buying and selling process amongst management companies.
Kevin provides some fantastic responses to issues that are facing the industry today and in the future. He also shares how he intends to continue to grow Renters Warehouse and what that growth will require. Standardization and targeted technology are the driving forces to Renters Warehouse’s growth, listen in to learn why along with all of Kevin’s nuggets of knowledge on the property management industry.
Show Notes
[04:26] Kevin shares more about Renters Warehouses’ customer base and where they are leaning for future management.
[06:01] Learn how the business has moved in and out of franchising as the market has changed.
[11:17] Face-to-face interaction with your clients is the key to lasting client relationships.
[13:09] Learn Kevin’s thoughts on the no security deposit option?
[18:01] How has the influx of Wall Street capital affected the single-family industry?
[20:24] Hear Kevin’s thoughts on when the next recession is going to hit.
[24:56] What are the negative implications from new legislation and additional regulation?
[30:47] How will NARPM’s accounting standards change the industry?
[37:47] Kevin shares where Renters Warehouse is headed and how they plan to grow.
[44:07] What things have Renters Warehouse implemented that have greatly impacted their bottom line?
[48:14] Off-shore labor? What are Kevin’s thoughts?
[51:29] Learn more about masterminds and the Mastermind Conference in March 2020.
Links and Resources:
Property Management Mastermind
Property Management Mastermind Group on Facebook
(619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank)
(918) 728 8992 (Derek Scott with Insurance Management Group)
NARPM Southern States Conference
I love offering listeners fantastic benefits, such as some great discounts for products, with new offers coming all the time! You can see a complete list at Property Management Mastermind. For all of these offers, use the discount code “Brad” to secure your discount. Be sure to grab a seat for our Pulling Back the Curtain Conference in August in Denver, Colorado. Find out more information on our website.
Todd Ortscheid was born in Charleston, West Virginia in 1982. Todd majored in professional aviation at Embry Riddle University and worked as an airline pilot for a major airline based in Atlanta. He served as an Executive Vice President of the Air Line Pilots Association, Int’ll, where he was an executive for the Airline Pilots Association and was in charge of running the budgets and negotiating contracts for pilots with the major airlines. Todd has held a real estate sales license in Georgia since 2008. Todd is currently chairman, president, and CEO at Central Georgia Realty, LLC.
We’ll learn today what’s best for property management: portfolio, hybrid, or departmental. NPS scores going south, and how you know when your NPS score is going south, is another issue Todd and I talk about. Renting to some professions can be difficult, we give you a solution to renting to people who want to change your lease agreement. The best sales solution for your property management company, how to implement secret shoppers to find out what your competition is doing and selling to make sure your business is staying competitive. When you should hire a lawyer, raise your fees and how to get new clients in the door are the topics we cover in this episode.
Show Notes
[04:22] I introduce Todd and he gives us his background and what he is currently doing.
[07:24] What’s best for property management: portfolio, hybrid or departmental and what is Scott currently using in his company.
[10:09] Scott talks about hybrid portfolio options.
[11:22] Why inspectors need to see the home on rollovers.
[13:29] Why I am a big believer in picking up the phone and calling clients
[15:45] Renting to lawyers, realtors, brokers, and paralegals.
[18:44] A solution to a marked up lease agreement is to take the lease and pay for a lawyer to modify the lease or property management agreement.
[25:00] How we dealt with a complaint of racism in our county and how to handle property that is in high demand.
[29:55] Todd’s two cents on a percentage based compensation on property management agreements.
[32:00] Higher end pricing and tiers and hybrid pricing from Scott, a property manager in California.
[37:06] A ‘seagull’ who I met at a Property Mastermind Forum and Scott and I talk about how to manage fees.
[44:05] How I created an annual technology fee and how this went over on my client base and focusing on tenant fees.
[46:38] How you can use leasing to get new clients in the door and why you should collect everything up front.
[50:26] The documents we use electronically and what we have tenants sign on pen and paper.
[55:13] Taking notes electronically make you not as connected as writing on pen and paper.
[61:28] The key to speakers and what people want to see at Pulling Back the Curtain Conference
[67:25] Todd and I talk about our opposing views of the value of your company.
[71:02] Todd starts off the NARPM talk, and the benefits of this organization.
[79:02] Where improvements can be made in organizations.
Links and Resources:
Property Management Mastermind
Property Management Mastermind Group on Facebook
(619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank)
(918) 728 8992 (Derek Scott with Insurance Management Group)