Welcome to the first episode of the Property Management Mastermind podcast!

Let me take a moment to introduce myself. I’m your host, Brad Larsen, the owner and real estate broker of one of the fastest-growing property management companies in the San Antonio, Texas region. I grew up in a small town in Iowa, and both of my parents were schoolteachers. Before I got involved in real estate, I was an army infantry officer.

The book Rich Dad Poor Dad completely changed my perspective on life, work, and careers, and it became clear that it was time for me to make a change. I decided to enter the real estate business, and started Larsen Properties from scratch in 2011. Today my company manages over 600 single-family homes, and it generated over $2 million in revenue in 2016.

I’ll be straight with you: despite these accomplishments, I’m not someone famous, and I know I still have more to learn. With this podcast, I’m here to facilitate conversations with some of the best property managers in the industry so you (and I!) can benefit from their experience, insight, and expertise.

This podcast is for property managers, by property managers. It’s your opportunity to learn about the latest industry buzz surrounding property management, as well as tips and strategies to improve your business. In this introductory episode, you’ll learn a few details about the techniques my company has used to achieve its fast growth and success. More than that, I’ll cover the intent of the show and the direction it will take in future episodes.

Thanks for joining me in this first episode, and I look forward to sharing real estate industry insights with you now and in the future!

Show Notes

[00:51] - We hear the goal of the show: to facilitate conversations with great property managers.

[01:29] - Brad introduces himself, explaining his background and how the book Rich Dad Poor Dad inspired him to change his life.

[02:54] - We learn more about the intent of the show.

[05:03] - Brad shares more about the company he runs to give context on himself as a host.

[08:04] - Some of the techniques Brad’s company uses to do so well include, for example, custom lease agreements and custom management agreements.

[09:07] - Brad’s company uses a three-tiered pricing model, he explains, then talks more about pricing using the example of how car buying has changed in recent years. He also discusses why he doesn’t use a discounting structure.

[12:10] - Videos and fee maximization are important topics that will be covered in future episodes. Acquisitions, mergers, partnerships, and selling companies will feature as well.

[13:46] - Brad talks about his other affiliation, as a cofounder of National Property Management Network (NPM). He also touches on the qualifications and backgrounds of the other cofounders.

[15:40] - The Tenant Liability Insurance product offered by NPM generated over $15,000 in additional revenue in 2016 after Brad implemented it in his company.

[16:24] - We hear a bit more about the upcoming interviews on the podcast.

 

Links and Resources:

Rich Dad Poor Dad

NARPM (National Association of Residential Property Managers)

Todd Breen

Virtually Incredible

NPM (National Property Management Network)

Tenant Liability Insurance