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The Property Management Mastermind Show

The Property Management Mastermind Show and Property Management Productions was formed to provide information and products BY Property Managers FOR Property Managers looking to grow and run their business. The podcast show is an interview discussion conducted by Brad Larsen – a Property Manager in San Antonio, TX. In this Podcast show, Brad will interview some of the biggest and brightest stars in the Property Management industry to include National Association of Residential Property Management (NARPM) members, Leading Property Managers of Australia (LPMA) members, and key vendors in the property management industry with the goal of being able to gain insight for best practices, new trends, and exciting information to help you grow and run your business more successfully.
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Now displaying: June, 2020
Jun 26, 2020

Would you rather work from home exclusively or go to the office a few days a week? Listen, as Brad and his guest Adam Collins, a real estate broker in the Washington D.C. area, discuss the changes happening in office settings, and how to help tenants find commercial properties, investing in commercial and manage commercial properties on this episode of The Property Management Mastermind Show.

 

Adam speaks about the changes he sees in the office world because of COVID-19, how he believes commercial leases will change, and why blend and extend is a negotiation tactic that will allow you to pay a lower rent today but also gives the landlord stability because he knows the building will be occupied for however many more years.

 

Adam discusses tenant representation, how his company works with the client, and the concessions they ask for. Adam shares the pitfalls you don’t want to fall into when looking for commercial property and where he sees commercial real estate going in the next year.

 

When preparing to buy a commercial property, start by having a pleasant relationship with your banker. Please discuss what you are looking for with your banker and broker so they are both on the same page. If you are looking to buy a commercial property or have a commercial property to lease, this is an informative episode that you won’t want to miss.

 

In this episode:

[02:37] Welcome to the show, Adam!

[03:58] Adam shares what he has seen in the office world since the pandemic has kept people home.

[06:04] Adam discusses how commercial leases will change and where the trend is leading.

[07:50] Blend and extend, which allows you to pay less rent today but also gives the landlord some stability. 

[10:25] Are you seeing the blend and extend negotiation tactic working in your area?

[12:20] Adams discusses tenant representation and how they work with clients to find the best lease.

[15:09] Adam shares the concessions they ask to help their clients get the best lease possible.

[19:15] What is the last minute throw in that you always ask for and get?

[21:36] Who pays for your services? What is the standard rate?

[24:10] Adam speaks about the pitch that he uses to get clients.

[26:04] Adam discusses the pitfalls that you never want to walk into.

[28:36] Spec suites are what Adam believes will be the future of the leasing world.

[31:43] What do you see on the purchasing side of commercial leasing?

[33:20] Adam shares his insights into purchasing and the types of loans he recommends.

[36:09] Adam believes that it might be harder to lease space as leases roll into renewal during this time, but it won’t be like 2008.

[39:16] Having a relationship with your banker is essential.

[40:16] Talk with your banker while you are talking to your real estate broker.

[43:54] Thank you for being on the show!

 

Links and Resources:

Property Management Mastermind

Property Management Mastermind Group on Facebook

adisarro@sccombank.com

(619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank)

Seacoast Commerce Bank

Second Nature

NARPM Southern States Conference

National Apartment Association

NARPM Accounting Standards

EZ Repair Hotline

SureVestor

Tenant Turner

Citizen Home Solutions

Rent Bridge 

 

Find Adam:

Adam Collins

@adamcollins

LinkedIn

Jun 17, 2020

Can you believe it’s the 100th episode of The Property Management Mastermind Show? Listen, as Brad and his guest Peter Tverdov discuss surviving the pandemic with a still-growing business in a niche that few people have found in student housing plus much more on this 100th episode of the podcast.

Peter is a property manager from New Jersey, and he has a start-up in the niche world of student housing called Tverdov Housing. He left the corporate world, survived the pandemic, and came out on top with a growing company. Peter’s mindset is that no one will do it better than he could, so he quit his corporate job in January of this year and is making it work.

Listen as Peter speaks about why he became a property manager, why his focus has been on student housing, and how a lease works with multiple students renting a single-family home. Peter talks about his tenants, making one payment with one check, and why he doesn’t do background checks on all the students in the house.

Brad and Peter also talk about the software he uses for quarterly inspections and where he sees his company in the next few years. Peter believes in building slowly, so he has a plan for adding more doors to his company in a way that won’t overwhelm them. He also discusses what he likes about renting to students and what he doesn’t.

From Wall Street to building a company around student housing, Peter has a vision, and even the COVID-19 crisis hasn’t stopped him. He knows that even though it has been slow for a while, things will inevitably pick up, and he wants to be prepared when that day comes.

 

Show Notes

[02:11] Welcome to the show, Peter!

[03:03] Peter shares a little of his background and how he got into property management.

[05:12] What is the climate of managing homes in New Jersey?

[07:10] Peter speaks about how he got into student housing management.

[08:25] Peter describes what student housing looks like in New Jersey.

[09:47] How does a lease work when you have multiple students in a single-family home?

[12:47] Peter shares how payments work, one person pays the rent, one check.

[16:22] Do you do background checks on each student living in a home?

[19:34] Peter speaks about the software he uses for quarterly inspections.

[20:24] Where do you want to take your company in the next few years?

[22:38] Peter discusses what he thinks the fall schedule will be for the colleges in New Jersey.

[24:13] What is your least favorite and most favorite thing about managing student housing?

[26:33] Peter believes that student housing will be a large part of his business in the future.

[28:18] Peter speaks about some concierge services his company offers to their owners and student tenants.

[31:30] Peter shares what he learned from his football coach at Rutgers University in New Jersey and how he applies it to his everyday life.

[33:45] Peter, thank you so much for being on the show!

 

Links and Resources:

Property Management Mastermind

Property Management Mastermind Group on Facebook

adisarro@sccombank.com

(619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank)

Seacoast Commerce Bank

Second Nature

NARPM Southern States Conference

National Apartment Association

NARPM Accounting Standards

EZ Repair Hotline

SureVestor

Tenant Turner

Citizen Home Solutions

Rent Bridge 

 

Find Peter:

Tverdov Housing

LinkedIn

Jun 1, 2020

What do you know about home automation? Listen as Brad and his guest Mark Brandt discuss what PointCentral home automation can do for your business, and the benefits to tenants, property owners, and property management. They also speak about the decreasing cost of initial entry and much more on this episode of The Property Management Mastermind Show.

Mark describes what home automation is and how it is beneficial to homeowners and property managers. Brad speaks about having Alarm.com  his PointCentral system and what options he chose for the new house he bought, like the doorbell camera and the automatic locks.

Listen, as Mark shares how this system runs off your cellular network, not wifi, so if the house is vacant, you can still control the system. He discusses the benefits to the owners and tenants and how to sell the features to both. 

Mark shares some features like water sensors that alert you if there is a water leak. Automatic thermostats that you can control on your phone to set temperatures in vacant homes and keyless locks that need not be re-keyed; you just change the code. These are only a few of the features that PointCentral offers to make your homes more enticing to millennial renters.

Marks speaks about the initial cost of setup, the monthly fees, and how you can get the owners on board. If you have questions or want to get in touch with Mark, you can email him at markbrandt@pointcentral.com or go to the PointCentral website for more information. There will also be a video released in the next few weeks that will show you all the features that Mark has been discussing.

 

Show Notes

[02:43] Welcome to the show, Mark!

[02:52] Mark shares a little about himself and his career.

[04:55] Marks discusses what home automation is and how it's beneficial to you.

[07:03] Brad shares the installation of PointCentral in his new home.

[09:58] They discuss the doorbell sensor that shows who has been at the front door.

[11:09] Mark says that PointCentral has the property management focused solution for Alarm.com.

[12:40] Mark speaks about how their system runs off cellular service instead of wifi.

[15:08] The important things that property management owners are looking for with this system are locks, thermostats, and water sensors.

[18:47] Mark describes their unattended showing platform.

[20:02] Property managers want access to management locks, which is a big win for their companies.

[21:48] Mark speaks about the tenant having an app to control their smart home.

[24:00] Mark shares the basic management packages that PointCentral offers.

[26:16] Mark chats about how the automatic thermostats can be adjusted by the management company to save utility costs while homes are vacant.

[27:50] Mark shares about the analytics of the thermostats.

[29:26] The water sensor for pipes or water heaters is excellent for vacant properties so you can be on top of water leaks.

[33:37] What are the installation costs and costs per month?

[36:04] Mark talks about the live customer support that PointCentral offers.

[38:14] Brad shares how he would market this to the tenant and owner.

[40:45] Mark gives a real case example of how home automation has helped with renting homes.

[43:05] How do you recommend getting the owner to put the money down for the initial hardware set up?

[46:07] Brad shares some ideas he thought of to get the owners on board.

[47:58] Mark shares his email address so you can shoot him an email if you want more information at markbrandt@pointcentral.com.

[49:33] Mark talks about some quick fixes that are out there, but this system will allow you to grow in the long term.

[50:48] Thank you so much for being on the show, Mark!

 

Links and Resources:

Property Management Mastermind

Property Management Mastermind Group on Facebook

adisarro@sccombank.com

(619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank)

Seacoast Commerce Bank

Second Nature

NARPM Southern States Conference

National Apartment Association

NARPM Accounting Standards

EZ Repair Hotline

SureVestor

Tenant Turner

Citizen Home Solutions

Rent Bridge 

 

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