Steven Shannon is the Principal of Shannon Property Management, a Houston-based company that manages single-family residential homes, small to midsize family assets, and commercial business parks. He descended from a family with strong Houston routes tied to real estate and construction. Before founding Shannon Property Management, Steven was a Project Manager at CASCO Industrial Builders, where he managed industrial construction projects and real estate development.
Greg Shannon is the Principal of Shannon Property Management, where he oversees all property management aspects, including new owner sales, leasing, accounting, and maintenance. He launched his career in real estate as a Project Sales Manager for Concierge Auctions, a luxury residential auction house where he sold multi-million dollar properties. Before joining the real estate industry, Greg was an Audit Associate at KPMG.
Property management is a demanding yet rewarding business. Going from zero to 100 properties is no easy task and takes time, dedication, and effective processes. So what is the best way to scale your property management company?
Brothers and business partners Steven and Greg Shannon emphasize seizing every opportunity. This "yes and" mindset creates recurring revenue and allows you to hire property managers. Once you've acquired enough properties to establish a reputation, it's essential to implement systems to improve your services, delegate tasks, and streamline business communication. EOS (Entrepreneurial Operating System) helps you develop a sound organizational structure to prepare for the next stage of growth.
In today's episode of The Same Day Podcast, Mat Zalk chats with Steven and Greg Shannon of Shannon Property Management about their journey of creating and scaling their property management company. Together, they share anecdotes from their father's construction business, advice for acquiring and managing your first properties, and how EOS helps create a framework for business growth and management.
