Building an Exceptional Property Management Business with Logan Rankin

Chad Sutton is joined by Logan Rankin for an in-depth conversation about how his company is taking a unique approach to property management. From hiring a president and then expanding from there, Logan has successfully built a vertically integrated business with 2000 units in Wisconsin. Hear him talk about why he chose this route — control over assets, the opportunity for disruption in the industry, and the ability to reposition properties quickly for faster capital returns — as well as the systems his team has implemented for quicker turnaround on service requests and reduced delinquency rates. Learn more about their process of having dedicated teams for specific tasks such as service requests and rehabilitation, using pre-inspections seven days before moving out to maximize ROI and reduce operating costs, and monitoring metrics such as Net Income per Unit (PPU) and Capital Expenditure per Unit (CPU) to understand burn rate and ensure sufficient cash flow.

Logan is an experienced & strategic entrepreneur that achieved financial freedom by the age of 30. He has built 2 multi-million dollar businesses and owns over 1,900 units valued at over $200 million in real estate. He spent the first decade of his professional working career with a fortune 50 corporation leading retail operations. He escalated quickly through various leadership positions where he built high-performing teams and managed large P&L portfolios. During that time, he led and implemented strategic operational changes at the enterprise level across the US. Currently, he is focused on growing his 3 real estate-related businesses, velocitizing his money, and investing/consulting for other businesses. Beyond his investments, he is passionate about financial education on all levels.

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