Buying PM companies with Mynd and now Atlas Real Estate with Vincent Deorio
Property Manager Broker
Welcome to the Property Manager Broker Podcast with your hosts, Brad Larsen and Phil Mazur. Today's guest is Vincent Deorio, and we are discussing the acquisition game that is going on in the property management world. We also talk about buying property management companies, his experience with Mynd, and now Atlas Real Estate.
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Buying and Selling Property Management Companies with Stacey Salyer
Property Manager Broker
Welcome to the Property Manager Broker Podcast with your hosts, Brad Larsen and Phil Mazur. Today's guest is Stacey Salyer, out of western Washington. We are going to be talking about buying and selling property management companies and specifically Stacey's experience with buying a management company and buying a group of homes under management as a way to increase her company's size for revenue.
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Full Circle with Amy Karns
Property Manager Broker
Welcome to the Property Manager Broker Podcast with your hosts, Brad Larsen and Phil Mazur. Today's guest is Amy Karns, a property management company operator with a lot of experience getting into the business, building a business, selling a business, moving and re-establishing a business, and potentially getting another business ready for sale later on down the road. Amy has come full circle a couple of times in the property management company world, selling and buying into an organization. This is a reall
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Escrow Process in Buying and Selling of Businesses with Scott Armstrong
Property Manager Broker
“Plan your work and work your plan.” Welcome to the Property Manager Broker Podcast with your hosts, Brad Larsen and Phil Mazur. Today's guest is Scott Armstrong, an escrow officer servicing businesses nationwide. Scott will talk about the escrow process in buying and selling businesses, how it all works, and some risks involved. Scott's knowledge is endless, so tune in and see if you can walk away with some tidbits that you can use.
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Growing, Selling Your Property Management Company Experience with Sean Morrissey
Property Manager Broker
“If you own a property management company, you own an asset.” Welcome to the Property Manager Broker Podcast with your hosts, Brad Larsen and Phil Mazur. Today's guest is Sean Morrissey; he is an investor that uses his property management experience and systems to help scale his real estate investment portfolio. Listen as he discusses selling a property management company and the lessons he learned. His knowledge is endless, so tune in and see if you can walk away with some tidbits that you can use.
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Deep Dive With Clint Collins on Buying and Selling
Property Manager Broker
Welcome to the Property Manager Broker Podcast with your hosts, Brad Larsen and Phil Mazur. Today's guest is Clint Collins is sharing his experience selling his property management company and moving to a new market. Clint will discuss lessons learned, what worked, what didn't, and what he would do differently. Listen to this interesting conversation and see if you can learn anything from Clint's experience.
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BOOK REVIEW: Buy Then Build
Property Manager Broker
In this episode, Brad Larsen and Phil Mazur have a discussion centered around the book “Buy Then Build” by Walker Deibel. This book can serve as a living and breathing operation manual on buying or selling a business.
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What we do to Value Your Company
Property Manager Broker
In this episode, Brad Larsen and Phil Mazur discuss at length how Property Management companies are valued and all the different approaches to include multipliers that are common to the industry.
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Introducing the Property Manager Broker Podcast
Property Manager Broker
Introduction to the Property Manager Broker. In this episode, Brad Larsen and Phil Mazur discuss the new service of helping sellers and buyers come together in the buying and selling of Residential Property Management Companies.
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Preview
Property Manager Broker
Coming soon. Subscribe now.
info_outlineWelcome to the Property Manager Broker Podcast with your hosts, Brad Larsen and Phil Mazur. Today's guest is Clint Collins is sharing his experience selling his property management company and moving to a new market. Clint will discuss lessons learned, what worked, what didn't, and what he would do differently. Listen to this interesting conversation and see if you can learn anything from Clint's experience.
Clint shares his background, how he got into property management and discusses selling businesses through the years. Clint describes the sale of his largest company to Home River Group, the negotiations, the challenges of running a company while moving through the sale, and the importance of an attorney negotiating the terms.
They speak about the emotions involved in selling a company when you have worked hard to put the team together and hoping that they will be taken care of. Clint speaks about the pros and cons of writing the language in a contract and how it's unfair to the employees.
Listen, as Clint answers the three questions Brad and Phil like to ask their guests, the answers might surprise you. Clint is very accomplished and knowledgeable, and you can learn a lot from listening to this conversation, so sit back, relax, and push play. Enjoy!
In this episode:
[02:18] Clint shares his background and his journey to where he is today.
[05:33] Phil speaks about Clint, how he knows him and working together.
[07:42] Clint discusses selling businesses over the years.
[09:56] Clint shares getting three different offers for his largest company.
[12:06] Listen as Clint describes his sale to Home River Group step-by-step.
[14:49] Was the year-long phase working on the sale hard?
[16:57] Clint speaks about the negotiations for sale with Home River.
[19:56] What was the hardest part, the negotiations, or moving through the sale?
[23:02] Clint discusses clawbacks, what they are, and his ideal purchase is a company that tells him they have three revenue sources.
[26:18] If your books aren't in order, you can't command a good price.
[28:15] Clint says to listen to the guys that aren't attached to the sale because the emotions can be high.
[29:39] Clint discusses making sure your team is taken care of when you sell a company.
[32:31] How do you know when an employee needs to go?
[35:03] Phil speaks about writing contracts to keep your team on tacked and how unfair that can be to the employee.
[37:23] As a seller, Clint shares what he would do differently.
[40:42] What is the first thing you would do differently from the beginning when acquiring a business?
[42:27] Clint shares one piece of advice you would give to someone entertaining the idea of selling their property management company.
[43:06] What is the major change in the industry you see happening in the next five years?
[46:08] Thank you so much for being on the show!
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