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Andy Propst

5 Podcast Episodes

Latest 26 Nov 2022 | Updated Daily

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Conversation with Andy Propst on the Property Management

The Property Management Mastermind Show

Are you worried about the property management industry post-pandemic? Welcome to the Property Management Mastermind Show with your host, Brad Larsen. Brad and his guest Andy Propst are going to have a conversation about the property management industry's state along with all the cool stuff HomeRiver is working on, plus much more. Andy speaks about his role at Home River Group and when he joined NARPM. Andy also talks about what he has been focusing on with HRG, the fun things they are doing, and the trends he sees on a national level in the property management industry. Andy and Brad both discuss Zillow and what they see there. Andy discusses his company's acquisitions and what he has learned about doing acquisitions over the years. Brad speaks about his new company, Property Manager Broker. They share what they believe is good about tuck-ins and the benefits they can offer the employees when they merge them into their larger businesses. Listen as Andy shares his end game with HRG and the goals he has, the difference between private equity and venture capital, and which one is better in which situation. Brad talks about the PMM.com that they plan for May and the hope that it will be a mask-free conference. In this episode: [02:41] Welcome to the show, Andy! [02:46] Andy shares his background and what he is doing now. [04:35] Andy speaks about his role at HRG. [07:34] Andy discussed when he joined NARPM as the President. [08:43] What have you been focusing on with Home River? [12:03] Brad talks about people buying larger entities. [13:36] Andy shares some fun things he is doing and what he has seen. [15:57] Andy talks about new trends or what is happening on a national level. [18:44] Andy speaks about the American Homes for Rents and Invitation Homes. [21:33] Brad talks about creating a system so that you can jump if the market turns. [23:47] Andy discusses Zillow and what they see there. [26:05] Andy speaks about a software called Rent Ready. [27:40] Brad gives his insights into Zillow. [32:58] Andy discusses the acquisitions his company has had. [35:36] Brad talks about his new company, Property Manager Broker. [37:15] Listen as they talk about tuck-ins and benefits. [38:48] Andy shares two things he has learned from doing acquisitions. [41:54] Andy speaks about what is better for the seller. [43:52] What is your goal or end game? [47:03] Andy shares the difference between private equity and venture capital. [50:34] Thank you for being on the show! Andy Propst: HomeRiver Group LinkedIn Links and Resources: Property Management Mastermind Property Management Mastermind Group on Facebook adisarro@sccombank.com (619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank) Seacoast Commerce Bank Second Nature NARPM Southern States Conference National Apartment Association NARPM Accounting Standards EZ Repair Hotline SureVestor Tenant Turner Citizens Home Solutions Rent Bridge 

51mins

19 Feb 2021

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Stage Grok - Author Andy Propst on Comden & Green

Stage Grok

I talk with author Andy Propst about his book They Made Us Happy: Betty Comden & Adolph Green's Musicals & Movies, about the legendary writing team that brought us Singin' in the Rain, On the Town, Wonderful Town, Bells Are Ringing, On the 20th Century, The Will Rogers Follies, and many more shows and films.

22 Jul 2019

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44: Andy Propst on Managing the Balance of Growth and Profitability

The Profitable Property Management Podcast

Today we're talking with Andy Propst, the man, the myth, the legend, the CEO of HomeRiver Group.   Andy built his management company to 3,000 doors before handing off the reins so he could focus on founding HomeRiver Group. HomeRiver Group was formed in 2016 by combining several leading single-family-rental property management companies from around the country. Their multistate footprint and unified national platform position it to provide clients with a unique combination of deep local market knowledge and centralized operational, asset management and reporting capabilities. Andy's got over 15 years of experience in the industry and today we're going to be talking about how people can actually make money in this industry by running a property management business as a business.   This is a conversation filled with lessons I know a lot of our listeners will be able to immediately apply in their property management businesses.

39mins

12 Jun 2018

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DGS 51: Growth Strategies with Andy Propst

#DoorGrowShow - Property Management Growth

Today, I am talking to Andy Propst, who runs a national single and multi-family property management company called HomeRiver Group. The company is on a mission to become the first nationally branded property management firm in the country. For Andy, he can’t grow his company fast enough and big enough. Learn more about what Andy did to grow so many doors, so quickly. You'll Learn... [10:00] HomeRiver Group shifted to multi-family properties for rent investor products. [11:20] Biggest opportunity for property managers is to build their own products. [11:55] Rental demand is high, but supply is shrinking, which is bad for property managers, investors, and renters. [12:30] HomeRiver Group is a matchmaker; it bring investors and builders together for build-to-rent projects. [14:38] Builders want to build, so it is not difficult to get a builder to pay attention to you; find stats and information that tell a story and generate interest. [16:50] If you want to grow your business and be successful, you can’t be passive. [18:15] HomeRiver Group follows a specific workflow to make things happen; then people come to them. [19:45] Property managers control the revenue, top line, expenses, and net operating income; you’re there to make a sale and be there after the sale. [21:25] If you are never failing, that’s because you are never trying new things; don’t be afraid to fail. [22:30] As a property manager, you know what tenants want and what should be done to produce the most revenue and income. [24:00] Marketing is identifying a need and then supplying whatever it is to fit that need. [24:40] Timing and difficulty of expanding to new markets; need the right people to execute tasks. [27:40] Don’t consider expanding unless you are looking for a lot more work to do and get a lot less more money up front; eventually it will pay back, if you do it right. [32:00] Identify companies to merge with; those with a similar culture, and forward thinkers who are adaptive and open-minded. [37:20] Big companies vs. mom-and-pop shops: There’s room for both. [39:25] Big differences exist between franchises and HomeRiver Group; franchises struggle with growth. [53:20] Stop running your property management company as a paycheck model business; figure out how to build your business to sell it. Tweetables Some days I hate it; most days I love it! Biggest opportunity for property managers is to build their products. HomeRiver Group is a matchmaker; it bring investors and builders together. Resources HomeRiver Group Integra Realty Resources Tapestry Site To Do Business NeighborhoodScout The Art of Buying and Selling Property Management Companies DoorGrowClub Facebook Group

59mins

5 Jun 2018

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Andy Propst - The Joe D Show Episode 2

The Joe D Show: Daily News Theater Podcast

Episode 2 of “The Joe D Show” -- Andy Propst, author of the new Cy Coleman bio “You Fascinate Me So” discusses his book and the revival of Coleman’s 1978 musical “On the Twentieth Century” and its star Kristin Chenoweth. Plus, why Meryl Streep unsuccessful audition for “20th Century” in ’78.Produced by: Joe Dziemianowicz Music Courtesy of: Roundabout Theatre Company  Edited by: Frank Posillico Follow Joe on Twitter and get more from the Daily News on Facebook, YouTube and Tumblr

12mins

20 Mar 2015