S1: E2 Navigating the Culture Clash: Mergers, Acquisitions, and the Pain of Integration
07/22/24 • 47 min
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
Navigating the Complex World of Property Management
In this episode of 'Pay or Quit', hosts Tony Cline and Shawn Johnson delve into crucial aspects of property management, emphasizing the importance of proper timing when implementing value-associated fees and the pitfalls of fee maxing in the property management industry. They explore how bad timing can leave landlords with negative experiences, leading them to either sell their investments or manage properties themselves. The discussion also covers why real estate agents attempting property management and landlords who don't treat their investments seriously make the worst property managers. Furthermore, the hosts share their insights into recent books they've read, highlighting themes like organizational growth, personal development, and strategic innovation in business. They tease future topics, including the intricacies of a specific trademark, multifaceted benefits of real estate investment, and setting effective company goals.
00:00 The Importance of Timing in Value-Associated Fees
00:21 Introducing 'Pay or Quit': The Property Management Podcast
00:45 Diving Into Today's Hot Topics in Property Management
01:44 The Personal Side: Running Ultra-Marathons and Building Value
03:45 The Controversial World of Fee Maxing in Property Management
04:23 Unpacking the Fee Maxing Strategy: A Deep Dive
07:23 The Impact of Legislation on Property Management Practices
11:40 A Personal Journey Through Fee Implementation and Its Effects
17:25 Maximizing Value: A Strategy Beyond Fees
18:24 Unpacking Value Maximization in Property Management
18:47 The Pitfalls of Fee Maximization and Its Impact
20:25 The Dream of Fluid Agreements in Property Management
23:34 The Worst Property Managers: A Candid Discussion
25:41 Expanding on the Worst Property Manager Traits
30:04 Diving Into Recent Reads: Strategy, Focus, and Insight
31:56 Personal Growth Through Literature: A Trail Runner's Perspective
35:51 Teasing Future Topics and Wrapping Up
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
X: https://x.com/shawnAJohnsonX
Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
Navigating the Complex World of Property Management
In this episode of 'Pay or Quit', hosts Tony Cline and Shawn Johnson delve into crucial aspects of property management, emphasizing the importance of proper timing when implementing value-associated fees and the pitfalls of fee maxing in the property management industry. They explore how bad timing can leave landlords with negative experiences, leading them to either sell their investments or manage properties themselves. The discussion also covers why real estate agents attempting property management and landlords who don't treat their investments seriously make the worst property managers. Furthermore, the hosts share their insights into recent books they've read, highlighting themes like organizational growth, personal development, and strategic innovation in business. They tease future topics, including the intricacies of a specific trademark, multifaceted benefits of real estate investment, and setting effective company goals.
00:00 The Importance of Timing in Value-Associated Fees
00:21 Introducing 'Pay or Quit': The Property Management Podcast
00:45 Diving Into Today's Hot Topics in Property Management
01:44 The Personal Side: Running Ultra-Marathons and Building Value
03:45 The Controversial World of Fee Maxing in Property Management
04:23 Unpacking the Fee Maxing Strategy: A Deep Dive
07:23 The Impact of Legislation on Property Management Practices
11:40 A Personal Journey Through Fee Implementation and Its Effects
17:25 Maximizing Value: A Strategy Beyond Fees
18:24 Unpacking Value Maximization in Property Management
18:47 The Pitfalls of Fee Maximization and Its Impact
20:25 The Dream of Fluid Agreements in Property Management
23:34 The Worst Property Managers: A Candid Discussion
25:41 Expanding on the Worst Property Manager Traits
30:04 Diving Into Recent Reads: Strategy, Focus, and Insight
31:56 Personal Growth Through Literature: A Trail Runner's Perspective
35:51 Teasing Future Topics and Wrapping Up
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
X: https://x.com/shawnAJohnsonX
Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
Previous Episode
S1: E1 From Startup to 7-Figure Exit: Scaling A Property Management Empire
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
Launching New Beginnings: A Dive into Business Ventures
This podcast episode marks the launch of a new series where the hosts (Tony Cline & Shawn Austin Johnson), two small business veterans, discuss their personal journeys, initial meetings, and shared experiences in the field, including starting and scaling property management firms, innovating within the industry, and navigating mergers and acquisitions. They reflect on the challenges and rewards of entrepreneurship, the intricacies of building and leading teams, dealing with regulations, and the impact of government interference in the property management sector. Additionally, they explore their post-property management ventures, such as consulting and real estate investing, underscoring the lessons learned and the value of innovation, mentorship, and the human element in business decisions.
Timestamps:
00:00 Launching the Podcast: A Trip Down Memory Lane
00:17 First Encounters and Initial Impressions
02:29 The Evolution of a Friendship and Professional Relationship
03:14 The Genesis of the Podcast: Motivations and Aspirations
03:35 From Property Management to Real Estate Investing: A Personal Journey
05:57 The Helicopter Pilot Turned Entrepreneur
07:55 Scaling a Property Management Business: Challenges and Triumphs
09:24 The Birth of Homevault: A Mastermind's Vision
19:14 Rebranding and Expanding: The Story of HomeVault
21:53 Looking Ahead: Current Projects and Future Plans
22:08 Journey from Property Management to Consulting
22:26 The Art of Coaching in Property Management
24:26 Clientele and Challenges in Property Management Consulting
28:19 Exploring E-commerce and Financial Trust Accounting
30:04 Real Estate Investment Strategies and Ventures
33:39 Reflecting on Property Management Experiences
42:22 Concluding Thoughts and Future Topics
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
X: https://x.com/shawnAJohnsonX
Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
Next Episode
S1: E3 The Worst Property Manager, How Fee Maxing Ruined Property Management
To see if you're a fit for Shawn's exclusive Generational Wealth Framework for PMC owner's program: Schedule here
In this episode of the "Pay or Quit" podcast, hosts Tony Cline and Shawn Johnson dive deep into the world of property management. The episode kicks off with a discussion on the critical importance of timing when introducing value-associated fees in property management, setting the stage for a broader conversation about industry practices.
After warmly welcoming listeners and sharing their excitement for the episode, Tony and Shawn introduce the main topics: the impact of fee maxing on the property management industry, the worst kinds of property managers, and their recent book reads. They argue that fee maxing, or the practice of maximizing fees without adequately increasing value, has damaged the industry by pushing landlords and tenants away.
The hosts propose a balanced approach of "value maxing," focusing on increasing the value delivered before raising fees. They share personal stories and business strategies, highlighting practices like tenant home tutorials that add value and justify higher fees.
The episode also features a lively debate on who makes the worst property manager, with the "opportunistic real estate agent" taking the top spot. Additionally, both hosts share their top book recommendations, including titles that provide insights into business strategies, personal growth, and cultural analysis.
The podcast wraps up with teasers for upcoming episodes, promising discussions on topics like triple ties in trademarks and the benefits of real estate investing.
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Blue Ocean Strategy by Chan Kim: https://a.co/d/5GGAus6
Free to Focus by Michael Hyatt: https://a.co/d/eo4sRh6
Black Rednecks & White Liberals by Thomas Sowell: https://a.co/d/50CWXIa
The Dream Manager by Matthew Kelly:
Please rate the podcast!
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Shawn:
X: https://x.com/shawnAJohnsonX
Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
Instagram: https://www.instagram.com/shawnaustinjohnson/
TikTok: https://www.tiktok.com/@shawnaustinjohnson
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