We recently had the pleasure of interviewing Fred Thompson to learn a bit about himself and his business. Fred is a former President of the National Association of Residential Property Managers (NARPM®), and has been a successful Property Manager for over 23 years. He kindly answered some questions about his business and what he’s found to help him become successful.

Fred Thompson started his real estate career specializing in Residential Property Management in 1988. After working for a broker he decided to go independent with RE/MAX 200 Realty. In 1998, he started the RE/MAX 200 Realty Property Management Division. He achieved his Residential Management Professional (RMP®) designation in 1997 from NARPM® and his Master Property Manager (MPM®) designation in 2006. Fred is also an approved instructor for many of the accreditation courses.

Fred has been very active with NARPM®.  On a national level he served as a Director in 2006, Treasurer in 2007, President Elect in 2008, President in 2009 and Past President in 2010. Fred joined NARPM® in 1995 as a founding member of the Orlando Chapter and has served as Membership Chair, First Vice President, President Elect, President and Past President.

Currently, Fred has a staff of three full time property managers, one part time bookkeeper and three full time support staff. Fred and his staff currently manage 360 properties located in greater Orlando. In his free time Fred likes to have friends and family over for dinner and watch the sun set over downtown Orlando.

Q:  How did you get started as a Property Manager?

Fred: In 1988 I was working with a relocation company that moved from Orlando to Cherry Hill, NJ.  At the time I was taking my real estate license and decided to go into Property Management as I had two properties that I managed.

Q:  What are some tools that you employ that enable you to succeed as a Property Manager?

Fred: I have strong ethics and I always put the client and customer first. I have great vendors for software, Internet marketing and online payments.

Q:  What are some of the challenges you’ve faced as a Property Manager, and how have you been able to overcome them?

Fred: The ever-changing market. Staying in touch with all of my NARPM® buddies and attending the regional and annual conferences.

Q:  Do you have any advice for someone just entering the Property Management field?

Fred: Join NARPM® and attend any and all events as possible. The first 7 years of my business were not as productive until I joined NARPM® in 1995.

 

HERO PM is proud to be an integral part of Fred Thompson’s business and we’d like to be a part of yours. If you do not currently benefit from HERO PM’s systems, please contact us for more information or www.heropm.com to set up your FREE launch account.