Meet David Orr, CEO of CAMS (Community Association Management Services) as we discuss the property management industry and shed light on recent transformations.Dave offers a unique perspective on mergers and acquisitions, addressing key factors companies should consider when entering such agreements.Dave further shares invaluable advice for business leaders aiming for growth through partnerships. He discusses the challenges associated with such strategic moves, emphasizing the need for preparedness at all levels. From a CEO's office to an employee's desk, Dave explores the potential impacts of these business strategies.Finally, we delve into the future. Dave discusses the sustainability of the current trend of larger firms acquiring smaller ones and its potential implications on the industry's landscape. This discussion provides an enriching understanding of industry dynamics and potential future trends.#CarChatLive #InsuranceIsntBoringEpisode Highlights:✅ Steve Roderick asks Dave Orr to explain more about his company, CAMS. (0:45)✅ Steve asks Dave to share what has changed and what has been going on recently in CAMS’ property management world. (1:43)✅ David Velasco asks Dave if his company was affected by mergers and acquisitions. (2:16)✅ Steve asks Dave what kind of aspects or attributes companies look for when consider a merger or acquisition. (3:08)✅ David asks Dave to share a key piece of advice he would give to a CEO/owner/president of a property management company looking to grow their business by partnering with another organization. (4:23)✅ Steve asks Dave what challenges a owner must be ready for when decided to participate in a merger or acquisition. (5:48)✅ David asks Dave to explain some of the challenges employees may face when going through a merger or acquisition. (6:33)✅ Steve asks Dave if he thinks the trend of larger management companies buying smaller companies is going to continue. (7:28)✅ David asks Dave if the recent trend in merger and acquisitions will ultimately lead to industry consolidation. (8:47)Key Quotes:💡 “I think what they were looking for was really, in order to be able to break through, what are the things that maybe they were missing or what are the things that they could focus in on to help us get a little bit better each day.” Dave Orr💡 “And the single most important thing is going to be trust. Once you've made the decision and said, this is what we're going to do, and you officially say, I do, you have to trust it.” Dave OrrThanks for listening! Follow us on LinkedIn and watch us LIVE every Monday at 9am EST! http://www.linkedin.com/company/community-association-car-chat

Ver todos los episodios