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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: February, 2021
Feb 19, 2021

Are you worried about the property management industry post-pandemic? Welcome to the Property Management Mastermind Show with your host, Brad Larsen. Brad and his guest Andy Propst are going to have a conversation about the property management industry's state along with all the cool stuff HomeRiver is working on, plus much more.

 

Andy speaks about his role at Home River Group and when he joined NARPM. Andy also talks about what he has been focusing on with HRG, the fun things they are doing, and the trends he sees on a national level in the property management industry. Andy and Brad both discuss Zillow and what they see there.

 

Andy discusses his company's acquisitions and what he has learned about doing acquisitions over the years. Brad speaks about his new company, Property Manager Broker. They share what they believe is good about tuck-ins and the benefits they can offer the employees when they merge them into their larger businesses.

 

Listen as Andy shares his end game with HRG and the goals he has, the difference between private equity and venture capital, and which one is better in which situation. Brad talks about the PMM.com that they plan for May and the hope that it will be a mask-free conference.

 

In this episode:

[02:41] Welcome to the show, Andy!

[02:46] Andy shares his background and what he is doing now.

[04:35] Andy speaks about his role at HRG.

[07:34] Andy discussed when he joined NARPM as the President.

[08:43] What have you been focusing on with Home River?

[12:03] Brad talks about people buying larger entities.

[13:36] Andy shares some fun things he is doing and what he has seen.

[15:57] Andy talks about new trends or what is happening on a national level.

[18:44] Andy speaks about the American Homes for Rents and Invitation Homes.

[21:33] Brad talks about creating a system so that you can jump if the market turns.

[23:47] Andy discusses Zillow and what they see there.

[26:05] Andy speaks about a software called Rent Ready.

[27:40] Brad gives his insights into Zillow.

[32:58] Andy discusses the acquisitions his company has had.

[35:36] Brad talks about his new company, Property Manager Broker.

[37:15] Listen as they talk about tuck-ins and benefits.

[38:48] Andy shares two things he has learned from doing acquisitions.

[41:54] Andy speaks about what is better for the seller.

[43:52] What is your goal or end game?

[47:03] Andy shares the difference between private equity and venture capital.

[50:34] Thank you for being on the show!

 

Andy Propst:

HomeRiver Group

LinkedIn



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

Citizens Home Solutions

Rent Bridge 

Feb 15, 2021

Are you frustrated with your current property management software? Welcome to the Property Management Mastermind Show with your host, Brad Larsen. Today's guest is Mike Mengden with Terra Residential Services, a property management company. Listen as they discuss Rentvine, the new software coming out that everyone has been waiting several years for, and how Mike successfully integrated this software into his business, and much more.

 

Mike discusses why he changed to the Rentvine software and the three founders of the Rentvine product and how trusted they are in the industry. Mike describes the implementation of the new software, how much Rentvine helped with the process, and how great it was to have a company that didn't just sell a product but was willing to help you through the entire transition.

 

Mike also speaks about Rentvine's accounting program for tenants, owners and managers, and how they have integrated the NARPM Accounting Standards into the software for easy use. Listen, as Mike shares some questions that he believes you should ask Rentvine if you consider using their product.

 

Mike and Brad discuss Rentvine's automated systems and the type of properties that would work the best with this software. Rentvine has evolved over the years from their first trial to now and is open to suggestions for changes or additions they could add to make the software better.

 

In this episode:

[02:46] Welcome to the show, Mike!

[02:51] Mike shares his background and what he is doing now.

[04:35] Mike discusses why he changed to the Rentvine software.

[06:49] Brad talks about the developers of Rentvine and how trusted they are in the industry.

[08:23] Mike gives some background on the three founders of this product.

[11:15] Brad discusses how accommodating they were with some other products they have launched.

[13:00] How did the implementation go, and what did they do to help you on the implementation side?

[15:15] Part of the implementation is that you will have to have someone input the specialized information from your old software.

[17:00] Mike shares what Rentvine did to help get him up and running.

[19:58] Mike says that most people working with Rentvine right now are the smaller companies.

[21:28] Mike speaks about getting their owner 1099 forms and the system Rentvine built to make sure it all went smoothly.

[24:52] Mike talks about his experience with the accounting software and the integration with the NARPM accounting standards.

[26:21] Mike talks about the tenant payment portal that Rentvine offers.

[28:21] There is a two-day turnaround to receive the interest money from the tenant.

[30:15] Mike talks us through the owner payment portal process and the multiple ways to pay.

[33:17] Are you still doing your business accounting outside of Rentvine?

[34:18] Mike shares the questions he believes people should ask Rentvine when considering changing to the new software.

[37:08] Everything is automated, and you have a notification system to keep you informed.

[39:09] Mike discusses the type of management companies Rentvine works with and how flexible the software is.

[41:37] Brad speaks about having a total umbrella platform to run your management company from once you integrate Rentvine.

[43:41] Mike talks about how much Rentvine has evolved over the last few years.

[44:31] Thank you so much for being on the show!

 

Mike Mengden:

Terra Residential Services

Rentvine

LinkedIn



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

Citizens Home Solutions

Rent Bridge 

 

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