Get to Know Our Speakers
CEO, Board Member, Property Manager, Real Estate Broker
After the Acquisition
Everyone wants more doors, and you won’t find a shortage of property managers who believe acquiring companies is the best way to grow.
But a lot of issues still come up after acquiring a company or a new book of business, especially if you are not ready to handle the load. The journey does stop at just acquiring. In order to break even, Property Managers lose 5% to 15% of the portfolio due to a number of issues. When acquiring a company, you need a way to add the same number of doors you lose… sometimes in excess of what you lose. You don’t get to keep all the doors you acquire, either. You also have to figure out if you want to manage all the doors you acquire. What should you do if 500 of those doors are bad properties? This talk will uncover all these things, and propose ways to navigate all the uncertainties.
More about Mike Catalano
Mike has over 20 years of leadership experience in developing real estate firms. He is currently the CEO of Real Estate Connections and CEO of NextGen Property Ventures, real estate investment and property management firms based in Los Gatos (REC), Santa Cruz (Portola PM), & Roseville (Sunburst Properties), California. He is a Board member for Fourandhalf, an internet marketing company specializing in property managers. He also sits on the board of HappyCo, a mobile platform for inspections and operations. He is a recognized thought leader and regular industry speaker on the topics of property management firm acquisitions, real estate investments, and real estate marketing best practices. He is a member of NAR (National Association of Realtors) and CAR (California Association of Realtors). Mike holds a Real Estate Broker’s license in California.
If you’d like to hear Mike’s transformational talk, please click here to register
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