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This was a wild ride. Imagine growing to over 20,000 doors and then staring liquidation in the face. RW was sold to GA Technologies earlier this year for $8M after going public in 2022 via a SPAC that gave them the ticker symbol SFR. The rise, fall and rebirth of Renters Warehouse is a truly wild ride and I cannot thank Kevin Ortner enough for the courage and candor of breaking it all down. This interview is special for me for a couple reasons:
If you want the full scoop on the rise, fall, and rebirth of Renters Warehouse check out this weeks podcast. - JAAM P.S. - 11 pages of notes from my first call w/ RW founder Brenton Hayden in 2012. P.P.S. - The 2022 SPAC investor presentation that outlined RW's plans in detail. P.P.P.S. - Video breakdown of $8M acquisition or RW by GA Technologies P.P.P.P.S. - My 2018 interview with Brenton Hayden reflecting on their ride up to that point and his 2015 exit after a majority sale to North Pacific Group. P.P.P.P.P.S. - Examples of radio spots Renters Warehouse ran as a part of their massive push into radio advertising. P.P.P.P.P.P.S. - Shout to the following RW people I met along the way - Steven Walters, Rich Drake, Todd Barton, Ron Wright, Pam Kosanke, Jon Ortner, Tracy Call, Anthony Cazazian, Jesse Evans, Ryan Marvin, Kent Nielson, Glen Clawson, Sheila Scholl, Caleb Gilbertson, Mark Zimmerman, Kelly B. Coffman, Noel Christopher, Scott Dorn, Cassie Parker, Jon Michaels, David Gurian, Donovan Reese, Wes Donovan, Mitch Carlson, Dave Gorham... and many more! --- Know someone that would enjoy the newsletter? They can subscribe here. |
SaaS 🏴☠️ | Property Management Fanatic 💙 | I write a bi-weekly newsletter to 4k PMs talking people, process and profit.
Note: I spent months working on this original research report w/ friend Peter Lohmann and we're releasing it live later today. It's🔥. Register for the recording. --- A major industry milestone came and went last week with only nominal fanfare. Today we're going to kick off a breakdown of the news and real story behind it. You've seen and heard the AI hype cycle drum beat playing for some time now. New vendors, old vendors w/ new tricks, vibe coders, tokenmaxxers... it's all exciting, boring...
You should... "Fire that owner" "Use EOS" "Raise your fees" "Hire remote" "Grow faster" "Hire a BDM" "Use XYZ software" People dispense advice like Tic Tacs - and most of it is worth about as much. Today's newsletter is an ode to, The Correct Universal Approach™. In every arena, there are opinions and then there's dogma - what I am referring to here is the latter. Dogma is a shortcut. Useful advice requires context, dogma only requires conviction. Useful advice requires nuance, dogma applies...
14 years. That's how long I've been at the helm of LeadSimple. It's been one hell of a ride. Today I am passing the torch to LeadSimple's next CEO Chris Winn. Why? Well, you should just listen to the podcast that I recorded with my good friend Ray Hespen where he interviews me on the big change. That said, here's the TLDR. I’ve taken the company as far as I can take it, and in order for us to get to the next level of growth and success that I know is possible - the company needs a new leader...