20 articles on owner occupied podcast, written by the team that manages 700+ rental units across the Columbus metro.
Choosing to sell your home or rent it out for income requires you to make a financial calculation, but more than that, it also requires you to make some emotional decisions. Before sitting down with a spreadsheet to run the numbers, first have a heart-to-heart with yourself and really think through
Read the article →Whenever tenants renew their lease, that’s one less vacancy you have to worry about. Keeping your vacancy rate low means more money in your pocket and less hassle trying to find new residents while turning over the unit. You want to do everything you can to extend a resident’s lease term, and you r
Read the article →The real estate industry leans heavily on relationships. Like so many opportunities, it’s not always what you know, but who you know. And to stay in the know, you have to be on social media. How to Elevate Your Social Media Game For investors or property managers interested in expanding their portfo
Read the article →They can be cute, cuddly and furriffic, but they also can do a number on your rental properties, so should you or shouldn’t you allow pets in your units? While the choice is completely up to you, the fact of the matter is that more than half of all U.S. households own a pet. Whether
Read the article →If you’re new to property management, growing your business or investment portfolio can sometimes feel like it goes in fits and starts. With anything new, it takes time to find a rhythm, and we all encounter some mistakes along the way. As small business owners ourselves, we’re here to offer a few t
Read the article →The number one rule of marketing is to go where your people are, and if you’re trying to market a vacant multifamily unit to prospective tenants, the place you have to be is…you guessed it…online. But marketing costs money, and your goal as an investor is to be earning money, not spending it. Below
Read the article →Anyone who owns rental properties knows it can come with many rewards, but it’s also not without its share of hard work and challenges. Often owners come to us frustrated and in need of help because they’re struggling with the management aspect of their rental properties or because they’ve had it up
Read the article →In all businesses, and especially in service-oriented industries like property management where we’re interacting with clients and tenants on a daily basis, having a full staff of skilled and talented employees is a huge asset to any organization. But this process, like all areas of owning a busines
Read the article →Small business owners live and breathe what they do. It takes effort and passion to go from “just an idea” into something that has legs all its own, but what about once your business is up and running? How do you pull back on some of the reins, so you’re not constantly stuck with your
Read the article →When property owners hear the term “property management,” they conjure up a variety of definitions, most of which are not accurate. The challenge is that without a standardized scope of services provided by property managers, it’s easy for confusion and frustration to take hold, because most client
Read the article →Like any financial decision, an investment in real estate has to be strategic. You need to understand its potential as a revenue stream and what opportunities it offers for growth in a given market. With each strategic investment, your real estate portfolio will grow, and at a certain juncture, so t
Read the article →KPI is an acronym that gets tossed around a lot in the business world, but what exactly does it mean and how can you meaningfully use it to help grow your small business? KPI, or key performance indicator, is a metric used to measure a company’s overall performance against a certain set of
Read the article →There are several ways to grow a business. One impactful way to quickly grow and sometimes even double your book of business is to acquire another company, but as a small business owner, it can be daunting to think through how you will actually pull off the deal. Sometimes, even when you make the sm
Read the article →In part 1 of our series on mistakes to avoid if you’re new to property management, we discussed the importance of operationalizing the sales process and considering ways to add value to your clients. Here are three more important lessons we learned so that you can avoid making these mistakes: Mistak
Read the article →As with any new challenge in life, mistakes are an inevitable part of navigating the learning curve. Fortunately, there are ways to minimize the amount of mistakes you make by learning from those who have gone before you. As small business owners ourselves, we have definitely made our share of error
Read the article →ABOUT THIS EPISODE Episode 4 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery. In this episode we discuss Peter’s top 5 early mistakes when starting and growing the property management company in the early days: Show Notes: 00:00 Intro 02:03 Mistake 1: Not Systematizing Sales 06:0
Read the article →ABOUT THIS EPISODE Episode 3 of the Owner Occupied podcast with Peter Lohmann and Russell Lowery. Show Notes: 00:00 Welcome & intro 00:52 History of zillow & rental listings 03:46 Zillow’s rental manager platform 05:50 Is Zillow competing with property managers? 07:20 How airbnb could enter the rent
Read the article →ABOUT THIS EPISODE In this week’s episode, we discuss the challenges of establishing and running a property management business, the number of properties you need to hire a property manager, the strategies for finding new properties to manage, and how to finance new acquisitions. We also discuss the
Read the article →Why Choosing the Right Property Manager Matters Columbus isn’t just growing, it’s evolving. With a competitive rental market, rising tenant expectations, and new regulations emerging each year, real estate investors in Central Ohio are under more pressure than ever to perform. Whether you own one ren
Read the article →We are excited to announce Owner Occupied, a new podcast hosted by Peter Lohmann, the co-founder of RL Property Management. On Owner Occupied, hosts Peter Lohmann and Russell Lowery discuss small business, property management, entrepreneurship, and general real estate topics. Episode 1 is below. You
Read the article →A free, data-backed rent evaluation using our own portfolio numbers and current market comps.
