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Webinar Series: Navigating Market Consolidation - Part I

How to Determine & Drive Up the Value of a Property Management Company

Live Event: Thursday, August 25th from 1 - 2pm PT/ 4 - 5pm ET
On Demand: Available Anytime!

Hosted by: 

Webinar: How to Drive Up the Value of Your PM Company
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Webinar: How to Drive Up the Value of Your PM Company

Watch On Demand

This event has already taken place, but you’ll be emailed the webinar recording & resources by registering! 

Webinar Details:

Date: Thursday, August 25th

Time: 1-2pm PT  / 4-5pm ET

Platform: Goldcast

Cost: Free

Your Hosts:

Ethan is the CEO of Latchel, a maintenance automation & resident experience platform for Property Managers looking to take the headache out of maintenance, and generate a new revenue stream. 

With Latchel being a high-growth, venture-backed company, Ethan knows the ins and outs of determining company valuation, and keeps a strong pulse on key industry trends.

As the host of the Latchel Property Management Podcast, he’s always keen on seeking and sharing the kinds of conversations that drive the industry forward. 

And, as a serial entrepreneur, Ethan also has direct experience in valuing and selling a company. 

 

Daniel Craig is passionate about helping entrepreneurs make the most of their God-given talents and believes that financial clarity is crucial to driving commitment and change toward breakthrough profitability. 

He is co-author of the NARPM Accounting Standards and the CEO of ProfitCoach, a property management-focused financial services company with the mission of helping PM entrepreneurs expand their personal freedoms of time, finances, and purpose, by building highly profitable, self-managing PM businesses. He is blessed to be husband to Megan and father of three children and loves (almost) every minute of it.

Upcoming Series Sessions:

You’ll hear from two different property managers on the benefits and drawbacks of each: one who has sold his company, and one who says she never will. 

You’ll hear from a panel of industry giants who are actively seeking companies to acquire. You’ll learn different types of acquisition strategies, and what each respective one looks for in a company when acquiring. 

Webinar Brief: Navigating Market Consolidation - Pt 1

If you’ve read our blog on the 2022 Industry Trends or if you attended this year’s PM Grow Summit, then you already know how much focus there’s been on market consolidation within the normally fragmented property management world. 

With a lot of institutional and venture backed money being poured into the SFR space, many larger companies are out on the hunt to buy up smaller companies. Hence, our blog post on How to Value a Property Management Company has skyrocketed in clicks. 

  • Companies looking to sell want to make sure they’re selling to the right companies at the right price. 
  • Companies looking to acquire want to make sure they’re buying the right companies at the right price. 
  • Companies who fit neither of those categories are still looking for ways to drive up the value of their company so that they can remain competitive against a growing amount of industry giants. 
 
Part 1 of this multi-session series will focus on: 
 
 1. What’s the big picture? What key factors are driving this market consolidation trend and how it’s projected to effect the industry long term. 
2. What it means for Property Management Companies: What you need to know to make the decision around prepping for an exit, prepping to stay independently competitive, or developing acquisition strategies & opportunities. 
3. How to determine the value of a Property Management company: Learn how to calculate your valuation with the industry-standard key metrics in mind.  

4. What levers you can pull now to drive up the value of your company: Learn the “do-or-die” metrics necessary to leverage growth & what other Property Managers are doing to drive up their value.  

Unlock the Potential of Digital Insurance
Launch a tailored renter's insurance program

Sure provides tailored renter’s insurance that enables property managers, owners, and residents to protect their property, minimize risk, and experience the peace of mind that comes with the protection of your assets and business.

Most leases require renters insurance. So, we’ve partnered with Sure to provide that option for your residents. While residents aren’t required to use Sure to meet the renter’s insurance requirement, this is still a convenient option you can offer to your tenants. 

All services and products are provided by Sure, not Latchel subject to Sure’s terms and conditions.

Property Inspection Platform
Automate and Organize Inspections with RentCheck
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Make Inspections Easier
RentCheck saves time by enabling residents to complete inspections on their own. Customization and automation ensure the job gets done.

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Stop Wasting Time
Schedule inspections for all stages of the lease cycle at any cadence you choose. RentCheck handles the reminders.

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Instantly Submit Work Orders
Take advantage of Latchel's integration with RentCheck to instantly submit a work order for any maintenance issues that pop up on an inspection.

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Modernize Your Process
Easily compare new and existing inspection reports, side-by-side, and avoid security deposit disputes.

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Prompt Routine Filter Changes and Resident Tasks
Schedule resident reminders to replace filters and other upkeep tasks over the course of the lease lifecycle.

To learn more about RentCheck, talk with a Latchel benefits expert today. All services and products are provided by RentCheck, not Latchel, and subject to RentCheck’s terms and conditions.

Affordable Pest Control

Access world class pest control for a fraction of the normal price. No need for new software or a complicated setup.

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Easy Pest Control
Residents simply reach out to Cover Pest if there is a pest issue, and Cover Pest takes it from there.

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Clarity on Who Pays the Bill
No more awkward conversations about who is responsible for the bill! With Cover Pest as a resident benefit, residents get pest control for covered pests without an additional cost.

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Vendor Sourcing
No more sourcing for vendors! Cover Pest will source and coordinate with vendors for each pest control request

To learn more about Cover Pest, talk to a Latchel benefits specialist today.  All services and products are provided by Cover Pest, not Latchel, and subject to Cover Pest’s terms and conditions.

Air Filter Delivery Subscription

FilterTime is an air filter delivery service that makes it easy and convenient for residents to replace their air filters. FilterTime customers can protect their HVAC system, reduce dust and pollen, save money on energy costs, and more by leveraging this delivery service.

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Reduce Labor for HVAC Issues
Filter delivery service results in a 38% reduction of total HVAC ticket requests.

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Cost Savings on HVAC Repairs
Average HVAC repair costs have increased by 48.7% year over year. an air filter delivery subscription can cut costs up to $250-300 per property per year.

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Energy Reduction
Filter delivery is saving residents $14.82 per month in energy costs.

How it works:

Choose from almost every size and type of air filter including custom-made sizes

Choose how often you want your filters delivered

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 A box of brand new air filters delivered to your resident’s front door

To learn more about FilterTime, talk with a Latchel benefits specialist today. All services and products are provided by FilterTime, not Latchel subject to FilterTime’s terms and conditions.

Boost resident satisfaction and drive good resident behavior through a rewards, incentives, and credit building program
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Drive On-Time Rent Payments
Piñata rewards renters for on-time rent payments through Piñata cash, and boosts renter's credit scores for online payments.

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Boost Resident Satisfaction
$30 gift card to use at select brands and businesses, $25 restaurant card, 720 annual Piñata Cash to use on rewards, Early lease renewal gift.

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Attract and Retain Renters
2 out of 3 renters prefer properties with rent reporting. Plus, residents get incentives for early lease renewals.

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Rewards Residents Love
Residents can use Piñata Cash on brands they know and love, such as: Starbucks, Amazon, Sephora, Lego, Target, Walmart, Home Depot, Lowes, Doordash, Best Buy, and many more!

Piñata Cash

Residents easily earn Piñata Cash any day of the month by doing things like taking surveys, referring friends, or trying out new products.

Residents also get access to big-ticket giveaways, limited drops and super surges!

And, with exclusive access to our marketplace with over 300,000 deals, residents can squirrel away up to $4,500 annually.

To learn more about Piñata, talk with a member of our benefits team today. All services and products are provided by Piñata, not Latchel subject to Piñata’s terms and conditions.

Master Liability Insurance

Now you have one less thing to worry about with a Master Liability Policy through Obie.

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Affordable Coverage
Affordable policies available with liability coverage starting at $100,000 and up to $300,000 to meet any property manager insurance requirements.

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Stay 100% Compliant
Master policy provides $100,000 for management companies and owners by ensuring 100% of occupied homes and units are covered for property damage liability issues relating to resident negligence.

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Peace of Mind
Liability coverages include perils such as fire, smoke, water, explosion, overflow of sewer, and many others that provide coverage for damages you (the resident) may cause to your unit or home

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Personal Liability
Personal liability coverage is automatically include to protect you against claims where you may be considered legally liable. (Bodily injury claims, dog bite claims, and more)

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Additional Coverages
Additional/expanded coverages are also available. (Pet damage, identity fraud, theft/vandalism, and more are available!)

All services and products are provided through Obie and are subject to Obie’s terms and conditions.

👋 Join us for a special webinar Thursday, January 11th