Do you have a property management company or are you interested in starting one? Then you won’t want to miss the Upskillre Conference happening on October 27th. One of the main speakers at this event is Thomas Cremona. He’s got a lot of experience in property management and will be giving a keynote session from 11:20 to 11:50 EST/New York time on “Exit Planning for Your Property Management Company.”
Who is Thomas Cremona?
Thomas got his ACCA certification, which is a big deal in accounting, and joined the Advisory team of a major firm in Malta. This firm is known as one of the Big Four, meaning it’s one of the largest and most respected accounting firms in the world.
In 2014, Thomas decided to start his own company called Casa Rooms Limited.
This company focused on helping property owners make the most money from their properties. Under his leadership, the company managed real estate worth around €30,000,000. Then, in early 2021, he sold Casa Rooms to VBL plc, a move that shows his skill in building and selling businesses successfully.
But Thomas didn’t stop there.
In 2018, he co-founded another company called Casa Boutiques. This company manages small boutique hotels, with 15 to 30 rooms each. Nowadays, Thomas also helps other mid-sized companies plan their exit strategies through his work at idisav.
Thomas Cremona’s Keynote Session
At the Upskillre Conference, Thomas Cremona will be talking all about exit planning for property management companies. This is a great chance to learn from someone who has been there and done that. Here’s a sneak peek at what you can expect from his session.
One of the first things he will cover is how to figure out how much your property management company is worth. This isn’t just about looking at how much money you’re making right now. You also need to consider things like your future earnings, the value of your assets, and even the value of your brand.
Knowing this can help you get the best price if you decide to sell.
Size of property management market in the United States from 2013 to 2023. Source: Statista
Preparing Your Business for Sale
Next, Thomas will talk about how to get your business ready to sell.
This can include things like cleaning up your finances, making sure all your paperwork is in order, and even making some improvements to your business to make it more attractive to buyers. It’s kind of like getting your house ready to sell – you want it to look its best so you can get the best price.
Finding the Right Buyer
Not all buyers are the same.
Thomas will discuss how to find the right buyer for your business. This could be someone who is willing to pay the most money, or it could be someone who you think will take good care of your business after you’re gone. It’s important to find a buyer who shares your vision and values.
Negotiating the Sale
Selling a business isn’t just about agreeing on a price.
There are a lot of details to work out, like payment terms, what happens to your employees, and what role (if any) you will have in the business after the sale. Thomas will share tips on how to negotiate the best deal for you.
Life After Selling Your Business
Finally, Thomas will talk about what happens after you sell your business.
This can be a big change, and it’s important to be prepared for it. You might want to start a new business, take some time off, or do something completely different. Whatever your plans, Thomas will offer advice on how to make the transition as smooth as possible.
Why You Should Attend
So, if you own a property management company, or if you’re thinking about starting one, Thomas Cremona’s keynote session at the Upskillre Conference is a must-see. You’ll get to learn from someone who has built and sold successful businesses, and you’ll come away with practical tips that you can use to plan your own exit strategy.
Plus, the Upskillre Conference is a great opportunity to network with other people in the real estate industry, learn from other experts, and get inspired to take your business to the next level.
Don’t miss out on this amazing opportunity!
Mark your calendar for October 27th and make sure to catch Thomas Cremona’s keynote session from 11:20 to 11:50 EST/New York time. You’ll get valuable insights that can help you plan your exit strategy and make the most of your property management company.
And while you’re at it, why not register for the entire Upskillre Conference, it's free.
There will be lots of other great speakers and sessions that can help you grow your business and achieve your goals. Head over to the Upskillre Conference to sign up today. See you there!
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