02/26/2025
TO SCALE OR NOT TO SCALE
In the vacation rental industry, one of the toughest decisions property managers face is whether to remain a boutique operation or scale up. In this episode of The Hospitality Edge podcast, Michael Broussard, Founder & CEO of Broussard Properties, dives deep into this age-old debate with a refreshing perspective.
🏠 THE GOLD STANDARD: OWN THE ASSETS
While managing properties can generate solid cash flow, true wealth lies in asset ownership. Michael shares how even with an attractive stock option plan, nothing compares to owning the real estate outright.
📈 THE LONG GAME: BUY RIGHT, MANAGE SMART, SELL HIGH
- Acquire assets at the right value.
- Operate efficiently, ensuring profitability along the way.
- Plan for an exit where both the company and the properties can be sold together for maximum returns.
💡WHY IT MATTERS:
For those considering scaling their property management company, this approach offers a balanced path to both growth and profitability. Instead of just scaling operations, think about scaling ownership. The appreciation of assets combined with operational profits can lead to a truly life-changing exit.
Dive into the full episode:
🎥 YouTube: https://bit.ly/3Z6Kpm3
🎧 Spotify: https://bit.ly/3YOHKwS
🍏 Apple Podcast: https://apple.co/4fpcifW
🔗 Other platforms: bit.ly/47j0fgg