52 minutes | Feb 19, 2021

Conversation with Andy Propst on the Property Management

Are you worried about the property management industry post-pandemic? Welcome to the Property Management Mastermind Show with your host, Brad Larsen. Brad and his guest Andy Propst are going to have a conversation about the property management industry's state along with all the cool stuff HomeRiver is working on, plus much more.   Andy speaks about his role at Home River Group and when he joined NARPM. Andy also talks about what he has been focusing on with HRG, the fun things they are doing, and the trends he sees on a national level in the property management industry. Andy and Brad both discuss Zillow and what they see there.   Andy discusses his company's acquisitions and what he has learned about doing acquisitions over the years. Brad speaks about his new company, Property Manager Broker. They share what they believe is good about tuck-ins and the benefits they can offer the employees when they merge them into their larger businesses.   Listen as Andy shares his end game with HRG and the goals he has, the difference between private equity and venture capital, and which one is better in which situation. Brad talks about the PMM.com that they plan for May and the hope that it will be a mask-free conference.   In this episode: [02:41] Welcome to the show, Andy! [02:46] Andy shares his background and what he is doing now. [04:35] Andy speaks about his role at HRG. [07:34] Andy discussed when he joined NARPM as the President. [08:43] What have you been focusing on with Home River? [12:03] Brad talks about people buying larger entities. [13:36] Andy shares some fun things he is doing and what he has seen. [15:57] Andy talks about new trends or what is happening on a national level. [18:44] Andy speaks about the American Homes for Rents and Invitation Homes. [21:33] Brad talks about creating a system so that you can jump if the market turns. [23:47] Andy discusses Zillow and what they see there. [26:05] Andy speaks about a software called Rent Ready. [27:40] Brad gives his insights into Zillow. [32:58] Andy discusses the acquisitions his company has had. [35:36] Brad talks about his new company, Property Manager Broker. [37:15] Listen as they talk about tuck-ins and benefits. [38:48] Andy shares two things he has learned from doing acquisitions. [41:54] Andy speaks about what is better for the seller. [43:52] What is your goal or end game? [47:03] Andy shares the difference between private equity and venture capital. [50:34] Thank you for being on the show!   Andy Propst: HomeRiver Group LinkedIn Links and Resources: Property Management Mastermind Property Management Mastermind Group on Facebook adisarro@sccombank.com (619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank) Seacoast Commerce Bank Second Nature NARPM Southern States Conference National Apartment Association NARPM Accounting Standards EZ Repair Hotline SureVestor Tenant Turner Citizens Home Solutions Rent Bridge 
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