Jun 20, 2023
In the latest episode of the podcast, host Paul Neal had an insightful conversation with the CEO of KeyRenter Property Management franchise company, Nate Tew. Nate shared his unique journey in the property management industry, providing us with a fresh perspective on business growth and entrepreneurial success.
Nate kicked off the interview by recalling the early days of property management software. In the late 2000s, cloud-based systems were still a novelty. However, Nate and his team quickly recognized their potential, particularly in streamlining property management tasks, automating communications, and avoiding oversights.
He emphasized the crucial role of these software solutions in their growth, as they began to scale beyond a handful of properties. Utilizing technology, they moved from using simple spreadsheets to sophisticated systems like Tenant Pro, and later, Propertyware.
Nate's innovative approach extended beyond technology. He outlined KeyRenter's unique business model, explaining how they encourage franchise partners to leverage their relationships with real estate agents and handyman services. This strategy allows franchise owners to focus on business development rather than being tied down by operational tasks.
Throughout the discussion, Nate returned to a common theme: the transition from being a business operator to a business owner. He shared stories of franchise partners who managed to delegate tasks successfully and focus on leadership roles, creating the work-life balance they desired.
But perhaps the most powerful message from Nate was his view on entrepreneurship. According to him, entrepreneurship is about creating the life you want to live. It's about having the independence and flexibility to do what you want, when you want, and with whom you want.
Nate's firm belief in property management as a resilient and stable business is apparent. His passion shines through when he talks about how rewarding it is to see others succeed in their businesses through the KeyRenter platform.
The conversation also focused on KeyRenter and its journey to becoming a national franchise. Nate’s mantra of "leaning into life" is exemplified in his decision to franchise. Without prior experience, he stepped into the world of franchising, turning KeyRenter into a nationwide brand.
Our discussion concluded with Nate highlighting the importance of preparation in seizing opportunities, stating that when you've done the groundwork and prepared yourself, you're able to take advantage of the opportunities that come your way.
The interview offered a wealth of insights into the world of property management and franchising, and it certainly left listeners, including myself, feeling inspired and eager to explore new entrepreneurial opportunities. This conversation is a must-listen for anyone interested in property management, franchising, or entrepreneurship in general.
Connect with Nate Tew:
Meet the Host: Paul Neal is the founder and Principal Funding Strategist at Vantage Point Commercial Capital, a firm that focuses on helping entrepreneurs, businesses, and real estate investors win by funding their growth and dreams in nontraditional ways.
Paul’s unique perspective has been honed over 30 years as an entrepreneur, financial strategist, professional speaker, and executive coach. He took the road less traveled choosing to leave engineering right out of college to become a serial entrepreneur. From great early successes in the 90s and 2000s, to completely losing his primary business in the Great Recession of 2008, to bouncing back and just recently selling another business for a healthy 7-figure sum…he’s experienced it all. Paul offers a wealth of experience and passion to the entrepreneurial community in an engaging, upbeat, encouraging, and witty way.
Connect with Paul:
Visit his website: https://paulneal.net
Connect with him on LinkedIn: https://www.linkedin.com/in/paul-neal-47b8478
Vantage Point Commercial Capital: https://vpc.capital