Local company sprints to award | ParkRecord.com

Local company sprints to award

It all started with one property.

But over the course of five years, Rob Alday has seen his local property management company, Abode Park City, flourish. He recently received national attention for its growth. Abode Park City won the Gator100 Award, an honor given out by the University of Florida that recognizes the fastest-growing companies started by the school’s alumni.

Abode Park City was the second-fastest growing company the university recognized this year. Alday was presented with the award Feb. 6 at a luncheon in Gainesville, Fla.

"It was an honor to be recognized by my alma mater," he said. "It helps validate all the hard work we’ve put in the last few years. We got No. 2 out of the 100, so maybe there’s a little bit of a way to go. Maybe we can get No. 1 next year."

Alday has lived in Park City for 11 years. But it wasn’t until just more than five years ago that he decided to start a property management service. He got the idea when he bought a condo in the Deer Valley neighborhood and began renting it out.

"That sort of snowballed," he said. " word-of-mouth, I picked up a couple properties here and there. The next thing you know, I had a business started. A lot of owners were looking for someone smaller that they could trust. So me coming from an owner’s perspective, being an owner myself, really helped with that."

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Alday said the secret to the company’s growth — 240.7 percent over three years, according to a press release for the Gator100 — has been adhering to solid business principles.

"We’ve done a great job at getting the most out of our resources," he said. "We’ve also dealt well with the seasonality of the business and controlling our cost there."

It’s also helped to have a staff committed to the company’s future, he said.

"A lot of our success can be attributed to the great team that we have put together here in Park City and their willingness to work together and go above and beyond in their duties to our home owners and guests."