Property Management
topic on 6 shows · 7 statements across 7 episodes
Innovators & Investors 
My First Million 
the Paul Morris Podcast 
Capital Allocators 
the a16z Podcast 
TBPN
7 statements about Property Management, every show
Morris: Remote real estate investors should cluster acquisitions in one area
“My first thing is invest where, you know, or invest, invest where you live really nearby. But if I were going outside the area and I were doing, and I made a decision to go outside the area, I would think about buying a few in the same area so that you then do…”
Morris: Local Real Estate Investing Provides Crucial Information and Control Advantages
“My strong bias is to buy local because information
And control are real advantages.
You know which block is actually improving, and you hear about the roof before the invoice lands in your email.
When you buy 1500 miles away, every one of those advantages gets…”
Weaver: VC-backed AI rollups in property management lack technological advantage
“I know there's been a bunch of AI native rollups launched by venture firms in property management. What tech, like what's their real advantage? Like, are they gonna have technology that's better than anyone else? I would say the answer is no.”
AI can almost completely replace traditional property management services
“We are doing basically service that can be completely replaced or almost completely with AI.”
Song: Labor is the largest controllable operating expense in property management
“The biggest controllable expense is labor.”
Individual Owners Hold 90% of the Fragmented Property Management Market
“Property management is 90% fragmented and owned by individual owners.”
Sandler: TrueWork expanded into property management as mortgage volumes fell
“We saw immense growth during, during COVID with home buying sprees and once the interest rate went up, you know, we definitely had to navigate a higher rate environment that meant lower volumes for mortgage lenders. We expanded into other verticals like proper…”