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.
Guys... we're back at it again. We're about to release another piece of original research and I could not be more stoked as it generated a TON of actionable insight. Peter Lohmann and I went big, retained a top tier research firm, and have produced a report jam packed with insight about the independent single family property owner and what they want from they property manager partners. We're releasing the data tomorrow at LeadSimple University and you can tune in for free by registering here....
The PAS (Property Accounting Software) market is at an inflection point. A small number of companies control the majority of the market. This control is used to exert leverage. Examples: Restricting customers from accessing their own data via API Charging customers exorbitant fees to access their own data via API Blocking vendors from integrating with their customers Taxing other vendors for the privilege of integrating with them What is the net effect of all of this? Customers have fewer...
How big is the self-managing segment of the SFR market? What would it take for them to hire a property manager? What are their key challenges and biggest fears? I want answers. TLDR: I'm gearing up for a large scale survey of landlords with the perfect partner in crime > Peter Lohmann. I'll have more details to share in the future but for now I have one very important question for you - if you could ask a large population of landlords one question what would it be? Your feedback here means a...