Episode 8 - Asset Management vs Property Management
Peter Lohmann's Podcast
English - April 13, 2021 05:00 - 37 minutes - 34.4 MB - ★★★★★ - 16 ratingsEntrepreneurship Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episode 8 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery. In this episode we discuss:
(00:00) Intro
(01:40) Asset management vs property management (PM)
(07:09) How clients typically evaluate property managers
(07:48) Institutional owners separate asset mgmt and PM
(08:47) Sub-intuitional owners combine asset mgmt and PM
(10:39) Owners expecting too much of property managers
(14:14) Peter's effort to standardize property management
(16:07) Going to a car mechanic
(18:42) Buying shoes - the power of standardization
(21:33) Why PM companies resist standardization
(23:02) What are the advantages of standardizing PM?
(27:14) GAAP for property management scope of service
(28:37) Property Management Standards Working Group
(31:24) What about a standard PMA?
(32:56) Peter's new mission for RL Property Management
(33:54) Property managers are not trusted by the public
---
Russell Lowery is a political puzzle solver. He runs a California based public affairs company highviewstrat.com. You can also connect with him on Twitter: twitter.com/russelllowery10
Learn more about Peter & how to connect with him here: peterlohmann.com
RL Property Management manages Columbus area rental properties: rlpmg.com