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Welcome back to the brew and happy Friday!

We are gifting you with a newsletter amped with value, thanks to the speakers at PBTC Property Management Conference. Each year we think it can't get any better, but then it does. And, that's hopefully what your owners think about working with you.

We've got some goods to share to bring that to fruition, including our Leadership & Growth workbook tailored for Property Managers. Remember you can earn a free copy by referring your network. We'll be giving DOUBLE POINTS for the next week again.

Click the image below for your personal share link: 

 
Now, to the brief: 
  • That "end of the month" deadline Congress put on themselves to pass a second stimulus package is not going to be met. 
  • We'll go over how PM companies are valued and what you can be doing to drive up that value. 
  • Are you operating in a large market? Registration is now open for our session with North County Property Group on Keeping a Competitive Edge in a Large Market. 
THE DEADLOCK REMAINS... 


We're just a little stuck... 
 
Last week we noted that Treasurer Secretary Mnuchin had vowed a passage of a second stimulus package by the end of the month. That's today. And, Congress has left for the weekend still in a complete deadlock. 

Unemployment benefits also end today, leaving many PM's a bit worried about that the coming months rent. Since Congress came back from recess, an agreement couldn't be reached between the House and the Senate on the details of the next stimulus package. 

According to the Chicago Tribune's latest update, White House Chief of Staff, Mark Meadows noted that he was “not very optimistic that we will have any kind of an agreement on a comprehensive bill in the near future”.  He said he even doubted a deal could be struck next week.

Though, the urgency has been noted from all angles, so for now, we are in a waiting game. 
HOW TO VALUE A PROPERTY MANAGEMENT COMPANY

 

Steve Murray, the president and co-founder of REAL Trends, the nation’s leading trends and research organization, was one of the speakers at this year's Pulling Back The Curtain property management conference. His company does 15 - 20 valuations/month so he went over some industry trends and walked us through how to valuations are determined. 

The 3 main factors that drive your value higher are: 
  1. Profitability (pre-tax cash flow) 
  2. Consistency (in your growth, personnel, and records) 
  3. Portfolio Churn (the lengths of your contracts). 
Your financial valuation is determined by your EBITDA (Earnings Before Interest, Taxes, Depreciation, & Amortization) multiplied by 2 - 5. Determining your multiplier depends on a multitude of other factors. 

You can read full details in our article here
SHARPENING YOUR COMPETITIVE EDGE IN A LARGE MARKET
 

If you're looking to grow your door count this year, this session is a must! 

We'll be sitting down for an exclusive chat with Bob Preston, the President of North County Property Group in San Diego. A few reasons you'll want to tune in to hear growth tips from the best PM company in a large market:   
  • North County Property Group has been named the best Property Management company in San Diego by the San Diego Business Journal for the past 5 years in a row
  • Their average Google rating is 4.8/5 stars
  • There are ZERO evictions in the company's history. 
There is so much more to note about the excellence of this Property Management company, and Bob is going to be sharing what he's done to get the company to this point. You cannot miss this one. 

You can register for the session below. If you can't make the live session, you'll be e-mailed the replay by registering. 
Register for the Session
Share With Your Network and Unlock Rewards! 

Enjoying Property Brew? If you share with your friends using your unique link in the button below, you can unlock some pretty great rewards, including 3 FREE months of Latchel subscription. You can check out the other rewards below: 
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