A property management owner says cash flow and debt never stressed her out, but people did. Managing clients, tenants, and staff created the real pressure. Peter Lohmann agrees: humans are what makes running a small business hard.
I wasn't stressed out about some normal business stuff that maybe not property management company owners, but a lot of small business owners stress about. I wasn't stressed about revenue and cash flow and all of those things. I was never stressed about those, but that was largely in part because I had no business debt. So I wasn't stressed from a financial perspective at any given point. So my main stressors, and I think probably what most property management companies experience is, you your people, dealing with people in any regard, whether that's your clients, if you're still dealing with tenant BS and lawsuits and all of that, and your staffing. You know, to me, I think the people part is the hardest part of the property management business in any small business really. So that was kind of my biggest stressor. Yeah.
You know, I, I certainly agree with you that the most stressful part of business, whether it's operations or during a sale, is, is the people. How do we deal with all of these humans and their families and their Careers, and it's a lot of pressure.
