In this episode of Peter Lohmann’s Podcast, I’m joined by DD Lee, former owner of Skyline Property Management, now Industry Liaison at PURE and President-Elect of NARPM National.
DD shares her path from managing 12 personal rentals to running a 500-door PM company with a 3,000-door HOA division, and what it was really like to sell that business to PURE. We get into the emotional side of selling (“detach” became her mantra), how HOA management differs from single-family, and what she’s focused on now as NARPM transitions into its “2.0” era.
If you’ve ever thought about selling your management company, navigating NARPM leadership, or just trying to scale without burning out, DD’s story will hit home.
Chatpers:
- (00:00:00) - Intro
- (00:01:39) - DD’s career and background
- (00:03:59) - Challenges and differences in property management
- (00:07:40) - HOA management
- (00:10:10) - NARPM involvement and designations
- (00:12:57) - Sponsor - PropertyManagement.com
- (00:14:53) - NARPM leadership and election process
- (00:17:18) - NARPM 2.0 and organizational changes
- (00:25:32) - Comparing small business to NARPM
- (00:30:50) - Continuing education and licensing challenges
- (00:32:14) - Sponsor - Rentvine
- (00:33:35) - The emotional journey of selling a property management company
- (00:38:26) - Detachment and transitioning after the sale
- (00:42:23) - Advice for selling your property management business
- (00:45:40) - Finding purpose post-sale
- (00:48:43) - Working with Pure and future plans
- (01:00:00) - Conclusion and final thoughts
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