Secret Life Podcast Ep. 93 Carla Browne
Barb 0:00 Our guest today is our first ever mogul to join the show. A real estate mogul. This lady knows the ins and outs of real estate investment, ownership and the rental market from having spent the last 20 years or more in the day to day hands on world. But that’s not where her story and it’s actually where it all began. Barb 0:20 This lady is the whole package boys, but she is taken. Not only is she one of Canada’s top 100 influencers in the future of Canadian real estate, she has vision, she has passion, and she excels as a leader who strives to see others succeed. Barb 0:37 Carla Browne is the president of real property management Canada, a Canadian company providing rental building and tenant tenant management and marketing services. I truly can’t do this description justice. So without further ado, welcome, Carla. Carla 0:54 Thank you so much for that Barb. Wow, I hope I can live up to all of that. Barb 0:59 You’ve already exceeded it. Carla 1:02 When people introduce me and they talk about like the 20 some years because then people are like already envisioning how old is this woman? Barb 1:10 Oh, no experience, ages just a number. But But explain this to me. So how does one business? Do all of this? Like that’s a broad product and service offering. So how does this actually work? Tell us a little bit about the company and then of course, yourself. Carla 1:29 Okay, so real property management, the company I work with the franchisor right now Real Property Management Canada as their president, I also run a franchise in Saskatoon, Saskatchewan. Carla 1:41 And that’s where I started with the company as I started out in the franchise world and continue to run that organization. So when I say I know the business inside and out, I definitely live and breathe it every day. Carla 1:54 And Real Property Management is the only franchise property management company in Canada, we specialize in residential single family rentals. And it is an industry that is just growing beyond belief right now across Canada, it’s it’s a super exciting time to be in any kind of real estate investment, property management, rental housing provider, any anything that’s linked to that, which is there’s so many different ways that that could actually go when you think about all the things that we need in our day to day. Carla 2:27 And what we do is we attract individuals who are looking for business opportunities, or maybe already own a property management company, or in that real estate space that see the synergy between the companies that are looking for a way to really get into this industry, but want to alleviate some of the pain points because we have figured out a lot of foolproof bulletproof processes and systems. Carla 2:51 And through the use of the technology and a lot of that proven process and marketing can make life much easier on the day to day. So when people think about property management, often often Barb they think about fixing fixing leaks and toilets and going to doors and collecting rent. Yeah. And that’s not what we do at all. We are here to proactively manage the asset for the investor and create a very safe environment for any resident or tenant who’s coming on coming on board to live with us. Barb 3:23 Wow. Okay, so you’re talking about single family homes? Ballpark, how many doors across Canada? Would you have? Carla 3:31 You’re just right now, with we have 17 offices across Canada. We’re fairly we’re fairly new. I call us an emerging franchise right now and in the Canadian Space, and we have about 3500 houses or units, townhouses, condos that we’re that we’re managing right now. Barb 3:48 Yep, that’s huge. And so what do you predict the growth will be like in the next, I don’t know, three to five years. What are you expecting? Carla 3:55 I expect that our office base this year will go from about 17 active we have more than that. But seven what I call 17 really active getting going businesses to we will double that this year. And in three years, we will be about 100 offices across Canada. Barb 4:13 Nice. And are you coast to coast right now? Are you still sort of reaching those borders? Carla 4:18 We are very present in BC, Alberta. We have the office in Saskatchewan, of course we have one office in Quebec, and we have a few offices in Ontario. So we are pretty much coast to close. But we have lots of room for expansion, lots of territories that are available for people to come into. Barb 4:34 Okay. So let me see if I can kind of paint a picture. So if I’m, maybe I even own a couple of homes that I rent out. And so I do property management as part of my service and maybe I helped a couple of other folks at the local level with their homes. Someone would reach out to you thinking Hmm, maybe I can expand my property map management portfolio, not necessarily do I need to own more homes, it’s expanding that portfolio from a service perspective to, as you say, the investor who actually owns the house, then Correct? Carla 5:15 Correct. And we do see that often where someone just really has a love for that for this industry. So they themselves are an investor. But as as an investor, as soon as you start getting a number of properties under your portfolio, it becomes, it becomes a full time job to do this properly, the tenants now tenant, the tenant profile has changed a lot over the years, their expectations have really changed. Carla 5:38 Technology has blown up this space, like it