Choosing the right property management company can be a daunting task for the majority of investors especially during an unstable economy. How will a recession affect the real estate and property management industries? What should owners be looking for when vetting a company to oversee their properties? How are property management companies using technology to service their clients and what outcomes should an owner be looking for? These are just a few of the questions that our host TJ Hock and guest Matthew Kaddatz tackle during today’s episode leaving you with the answers needed to make the best decision for your real estate portfolio.

Matthew is the Senior Director of Product, SMB Market at Appfolio, a leading provider of cloud-based business software solutions in real estate. Matthew has spent the past 15 years working in the property management industry with experiences including founding and operating a property management company, as well as building technology for property management companies. In his current role, he is responsible for ensuring AppFolio is continually building innovative tools that help property management businesses grow and become more efficient.

/in/matthewkaddatz

Appfolio.com

Timestamps:

0:00 – Start

1:38 – How does recession affect Property Management?

5:02 – Thoughts on Realtor relationships with Property Management

7:50 – How can Property Managers make the best of the recession?

10:33 – How is technology changing to help Property Managers service their clients?

15:14 – What are Property Owners looking for as far as technology?

20:27 – Are you seeing a way Property Managers change how they run their business?

22:20 – Affordably scaling your company amid rising costs

23:52 – Thoughts on retaining talent

Key Takeaways:

  • Don’t compare this recession to the 2008 recession
  • There is great value in working with a company who is solely focused on property management
  • It is important to have a Property Manager who knows the rental market very well
  • The best asset a Property Manager has is their maintenance vendors
  • The rental market is an important factor in whether you sell or rent your home
  • Software is less about the technology and more about helping the client
  • Look for off market deals and build your network