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! 🙌

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...

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,...

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...

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 ...