Every once in a while you get to hear a take on an old business that brings a refreshing tone with it. Property management isn’t a new type of business, but its industry is very much in the midst of a transformation. That transformation is being lead by companies such as PURE Property Management. It’s not all just tech though.
Joe Polverari, an accomplished fintech entrepreneur, joins Tech Nest to discuss his latest venture, PURE Property Management. The company started nearly two years ago and has already grown to 50 cities, 18 states, and is managing more than 15,000 rental home units. What’s the secret to this tech-enabled, fast-growing and profitable property management business? Its people.
You’ll hear a lot from Joe on what makes a property management company desirable to acquire and how the PURE playbook increases capacity for each of the PMCs it acquire, but the recurring theme will be how much the PURE team focuses on the people at each company. PURE has already successfully completed the acquisition of 35 property management companies, and given their growth trajectory, there must be something about those people that is enabling this rocketship to stay on course.
Listen in to hear what Joe has to say on property management, technology systems, operations playbooks, and investing in people.
More about PURE Property Management and Joe Polverari
PURE Property Management is the fastest growing profitable residential property management and technology companies in the U.S. Led by a team of experienced industry professionals and seasoned technology innovators, PURE acquires residential property management companies and invests in their people and processes. By deploying technology and providing operational efficiencies, PURE creates simple and satisfying experiences for residents and investors, including institutional portfolio managers.
Joseph Polverari is co-founder and general partner of Silicon Valley-based PURE Property Management, the fastest growing profitable residential property management and technology company in the U.S. He is a seasoned entrepreneur and fintech pioneer, who led corporate development and strategy at Yodlee, a financial data aggregation and analytics platform, through its IPO in 2014 and subsequent acquisition by Envestnet. Polverari is leveraging his expertise to lead an experienced team of industry insiders looking to transform the traditionally cumbersome and complex process of managing properties.