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The Marriage of Private Equity and Property Management
Description
Jason Hull, the founder and CEO of DoorGrow, discusses with Ashton Thomas the concept of marrying private equity with property management operations. Ashton Thomas is a third-generation real estate broker in Central Florida, she got her real estate license right after graduating high school and, in February 2019, opened her own brokerage. She decided to start her own brokerage and grew to about 25 agents, but she realized she preferred property management and did not like dealing with realtors and their recurring issues, and shifted her focus after property management "fell into her lap" when employees from a failing company approached her
You'll Learn
(00:45) Introduction and Ashton Thomas's Background
(03:46) The Audacity to Start a Brokerage at 23
(07:16) The Marriage of Private Equity and Property Management
(07:42) Benjamin Hardy's "Science of Scaling"
(12:31) Understanding Private Equity and the Roll Up Strategy
(17:58) The Advantage of Property Managers in Roll Ups
(19:10) Advice for Getting into Private Equity
(22:29) Raising Capital and How to Connect with Ashton Thomas
Quotables"I've been thinking too small. That's why it's been so hard."
"That's like entrepreneurs worst nightmare is to be feeling stuck and feeling like I'm not moving and I'm not getting traction and I'm not accomplishing anything."
"The slowest, absolute slowest path to growth is to do it alone."
Resources TranscriptJason Hull (00:00)
All right, five, four, three, two, one. Hello everybody, I'm Jason Hull, the founder and CEO of DoorGrow, the world's leading and most comprehensive coaching and consulting firm for long-term residential property management entrepreneurs. For over a decade and a half, we've brought innovative strategies and optimization to the property management industry. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry.
eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. Now, let's get into the show. All right, so my guest today is Ashton Thomas. Welcome, Ashton.
Ashton (00:43)
Thank you for having me.
Jason Hull (00:45)
So Ashton is a client of ours, but she also is a badass. And so Ashen, I would love for people to get to know you a little bit, share a little bit of your background. How did you get into real estate and property management and all of this?
Ashton (01:02)
Yeah, absolutely. So I'm actually a third generation real estate broker in central Florida. My granddad started in Orlando like way back in the 60s. ⁓ Both my dad and my granddad, a lot of my uncles, they're all builders. So just kind of grew up in that real estate world. I was on a job site from when I was very little. ⁓ And so I always just had a love for homes, real estate, just
the whole nine years. When I was wrapping up high school about to go to college, my parents suggested, I always had like an entrepreneurial spirit, and my parents suggested that I get my real estate license. And I was like, you know what, it can't hurt to have that. So