Tag: Inc. 5000

Lake Homes Realty Honored by Inc. 5000 and Auburn University for Growth

Posted on Linda Thach

Inc. magazine announced the annual Inc. 5000 list earlier this week, and Lake Homes Realty has been named one of the fastest-growing companies in the country for the seventh consecutive year. Lake Homes Realty ranked No. 4,625 on its annual list. Additionally, Auburn University recently named Lake Homes Realty as one of the Top Tigers recipients for the sixth consecutive year.

Inc. 5000 Recognition

Lake Homes Realty is one of 13 Birmingham- Hoover area companies on the list and 42 in Alabama. For 2023, 153 real estate companies made the list nationally. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.

Inc. 5000 Rankings for Lake Homes Realty

  • 2023 – 4,625
  • 2022 – 3,481
  • 2021 – 2,711
  • 2020 – 3,156
  • 2019 – 2,491
  • 2018 – 1,582
  • 2017 – 927

“Lake Homes Realty offers a unique focus on niche real estate in 34 states,” said Glenn Phillips, CEO and Chief Economic Analyst at Lake Homes Realty. “We help people find, buy, and sell lake homes and land across the country in a way not offered by any other companies,” Phillips said. “Making the Inc. 5000 list once is quite an honor. Making the list seven consecutive years is a testament to our innovative approach to real estate, an exceptional team, and thinking outside the box while selling the lake lifestyle,” he said. A complete list of winners is online at www.inc.com/inc5000.

Auburn’s Top Tigers

Auburn University named Lake Homes Realty a Top Tiger in May for the sixth consecutive year. This year Lake Homes Realty moved up to the large-revenue group of honorees. Recipients must be led by an Auburn alum, have been in business for at least four full years, have more than $500,000 in revenue, and operate in a manner consistent with The Auburn Creed. Top Tigers are evaluated on year-over-year growth. The companies are ranked in order of their growth rate. Lake Homes Realty was ranked 10th in the Large Company category for companies with revenue over $30,001. Here is the complete list of large companies.

Top Tiger honorees for 2022-2023 by category are:

Large companies (Revenue of $30,000,001 and above) listed in the order of their growth rate are  Veryable Inc., Global K9 Companies, Columbia Care, Newline Interactive, Cobbs Allen (CAC Specialty), Park & Eleazer Construction LLC, Stone Martin Builders LLC, Pearce Services LLC, Lewis M. Carter, Lake Homes Realty, Wilson Lumber, RPF Emergency Services LLC, River Bank & Trust, Star Market and Discount Pharmacy, Simulations Plus Inc., Progress Bank, Oakworth Capital Bank, Fulcrum Construction, SEA Wire and Cable Inc., Rogers & Willard, and Scott Contracting LLC.

“Auburn University taught me a great deal about business and life in general,” said Phillips. “To be honored as a Top Tiger six years in a row is the result of hard work and an innovative approach to lake real estate,” he said. For a complete list, visit https://harbert.auburn.edu/news/2022-23-top-tiger-companies-recognized.html

Lake Homes Realty Honored By Inc. Magazine for 6th Consecutive Year

Posted on Linda Thach

August 9, 2022 – Hoover, Ala –  Inc. magazine announced Lake Homes Realty has been named one of the fastest growing companies in the country for the sixth consecutive year. Lake Homes Realty ranked No. 3,481 on its annual Inc. 5000 list. This is the sixth consecutive year Lake Homes Realty has made the Inc.5000 list.

Lake Homes Realty is one of 15 Birmingham companies on the list and 42 in Alabama. For 2022, 130 real estate companies made the list nationally.

The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.

Inc. 5000 Rankings for Lake Homes Realty

  • 2022 – 3,481
  • 2021 – 2,711
  • 2020 – 3,156
  • 2019 – 2,491
  • 2018 – 1,582
  • 2017 – 927

“Lake Homes Realty offers a unique focus on niche real estate in 35 states,” said Glenn Phillips, CEO of Lake Homes Realty. “We help people find, buy, and sell lake homes and land across the country in a way not offered by any other companies,” Phillips said. “Making the Inc. 5000 list once is quite an honor. Making the list six consecutive years is a testament to our innovative approach to real estate, an exceptional team, and thinking outside of the box while selling the lake lifestyle,” he said. The company serves buyers and sellers by providing full-service real estate brokerage services through wholly-owned (no franchising) brokerages plus the incredible market reach at www.lakehomes.com.  For a complete list of winners, visit inc.com/inc5000.

Lake Homes Makes It On Inc. 5000 List For The 5th Year

Posted on Linda Thach

NEW YORK, August 17, 2021 – Inc. magazine today revealed that Lake Homes Realty is No. 2,711 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Lake Homes moved up 445 spots on the list after having a record sales year in 2020. This is the fifth consecutive year Lake Homes Realty has made the Inc.5000 list. From 2017 to 2020, the revenue at Lake Homes Realty revenue increased by 149% and the number of employees quadrupled. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

Inc. 5000 Rankings for Lake Homes Realty

  • 2021 – 2,711
  • 2020 – 3,156
  • 2019 – 2,491
  • 2018 – 1,582
  • 2017 – 927

“As families looked for ways to flee crowds and to reconnect during the pandemic, Lake Homes Realty offered solutions in 33 states last year,” said Glenn Phillips, CEO of Lake Homes Realty. “We help people find, buy, and sell lake homes and land across the country,” Phillips said. “Making the Inc. 5000 list once is quite an honor. Making the list five consecutive years is a testament to our innovative approach to real estate, an exceptional team, and thinking outside of the box while selling the lake lifestyle,” he said. The company serves buyers and sellers by providing full-service real estate brokerage services through wholly-owned (no franchising) brokerages licensed in 33 states and growing plus the incredible market reach at www.lakehomes.com. “During an unprecedented time, our real estate agents worked with buyers and sellers from across the country leading to an increase in sales of more than 60 percent in 2020 and our numbers continue to grow in 2021,” he said. 

Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20, 2021.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

Methodology

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000.  Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

About Lake Homes Realty

Lake Homes Realty is the nation’s largest lake-focused real estate company. Lake Homes Realty provides full-service, multi-state real estate brokerage services in 33 states. LakeHomes.com has more than 70,000 lake properties listed, totaling $30 billion. Inc. Magazine has ranked Lake Homes Realty as one of the fastest-growing companies for the past five years. More states coming soon.  www.lakehomes.com.

Lakes Homes Realty Ranks on Inc. 5000 4th Consecutive Year

Posted on Mark Griggs

What makes the accomplishment of being named to the Inc. 5000  for four consecutive years noteworthy? Some companies have been named to the list more often, but few of those companies who have been in business only seven years can tout that more than half their years in operation put them in league with the nation’s most elite private firms.

We’re not boasting, but instead, we’re excited! We’re thrilled that our model has been proven. We are providing people seeking to buy or sell lake real estate, a tool that markets properties nationally while completing the transactions locally with Lake Homes Realty’s brokerage agents. It works so well that over 5 million people will use LakeHomes.com this year to shop, market, or buy a lake-based property.

We are a niche company in a hyper-competitive national real estate market. With new players pushing the “iBuyer” model, a completely virtual home buying transaction, and nationally franchised traditional players often creating “pocket listings” that are not marketed beyond their own agency, Lake Homes Realty deploys a hybrid sales model that markets homes nationally while using experienced professionals to sell them locally.

Few brokerages employ national marketing at the scale of Lake Homes Realty. We’re the only company doing so in specialty real estate. The company’s search advertising alone is the envy of the industry. Add to that an innovative social media program and a nationally pervasive public relations program, which provides valuable lake real estate data to news outlets nationwide at no charge.  With those programs, the company has created an unrivaled foundation of support for our clients.

Other brokerages offer the opportunity to “market” your property on a local MLS platform. Lake Homes Realty coordinates data from over 130 MLS platforms and markets it to the entire World Wide Web audience. We know that most buyers are shopping from markets outside of local lake areas. We meet the buyers where they are and sell to them where the listings are located.

The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment of independent small businesses. Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior years.

That staggering growth certainly applies to Lake Homes’ business. Sales in 2020 have been prolific as we assist buyers in finding homes and properties that give them distance from crowded metropolitan areas. Sellers who seek their next chapter find that employing our hybrid sales model gets homes sold quickly, meeting the price targets that owners are confident in after working with our professional agents to price their homes accurately. 

Glenn Phillips, CEO Lake Homes Realty

Lake Homes Realty CEO, Glenn Phillips said, “It’s satisfying to find that our business model has been validated once again by the recognition that comes from being named to the Inc. 5000. We work hard for our customers every day, and it’s gratifying to know we are again in such elite company.”

The company just opened its thirtieth state with the addition of Washington. That makes Lake Homes Realty “coast to coast” with a presence in multiple states bordering the Atlantic Ocean and throughout states contiguous to the country’s interior to the Pacific Ocean. Phillips says of the expansion, “We have a few more states as targets and many more lakes in our sights. We seek only the most professional agents to complement our growth and join our existing award-winning team.”

Lake Homes Realty looks forward to continued growth and even more valuable services for our buyers and sellers. If you are searching for lake real estate or you would like to sell an existing property, Lake Homes Realty and LakeHomes.com are an unbeatable combination that has been once again recognized as one of the best in the nation.

Lake Homes Realty Named to Inc. 5000 for Third Consecutive Year

Posted on Staff
Glenn Phillips, CEO of Inc. 5000 company Lake Homes Realty

Inc. Magazine released its 2019 Inc. 5000 this week, honoring Hoover, Alabama-based Lake Homes Realty as one of the fastest-growing privately-owned companies in the nation for the third consecutive year.

“Each year it becomes increasingly difficult to be named on the Inc. 5000,” said brokerage CEO Glenn S. Phillips. “Making the list for the third year in a row is a testament to our team and agents’ efforts to deliver great service, and how our industry-leading technology provides us unique ways to better serve our clients.”

Lake Homes Realty ranked No. 2491 on the magazine’s 38th annual Inc. 5000 list. In the real estate category, the brokerage ranked No. 5 in Alabama and No. 106, overall.

Inc. Magazine’s Inc. 5000 represents a unique look at the most successful companies within the American economy’s most dynamic segment of independent small businesses.

Some of the world’s most famous companies like Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp and Zillow, gained their first national exposure as honorees on this list.

“The companies on this year’s Inc. 5000 have followed many different paths to success,” said  Inc. editor-in-chief James Ledbetter in a recent press release. “There’s no single course you can follow, or investment you can take that will guarantee this kind of spectacular growth. However, what they have in common is persistence and seizing opportunities.” 

2019 Growth

The 2019 Inc. 5000 list reported Lake Homes Realty’s growth rate at 158% over the last three years.

Company growth in 2019 spurred the addition of office space at the company’s corporate headquarters in May after hiring a new director of marketing and expanding its market footprint into western states.

“We are serious about our growth every year, but are even more focused on accelerating growth this year,” said Phillips. “Shortly after we hired our director of marketing, we also hired a digital marketing manager and are in the process of hiring additional support staff to the home office team.”

Lake Homes Realty’s home office staff currently occupies 40% of their multi-tenant, three-story headquarters.

“The challenge we face is growing our corporate team quickly enough to support our rapid growth in both our sales and marketing operations,” said Director of Marketing, Mark Griggs. “We are actively interviewing for technical writing, digital content production and event coordination positions within the marketing department, alone.”

The brokerage currently operates in 26 states nationwide, with the company’s sights set on continued westward expansion. As the market footprint increases, so does Lake Homes Realty’s need for local lake real estate experts in new markets.

“Lake Homes Realty is a new breed of tech-enabled service company that fuses the power and convenience of the web with the personal service that can only be provided by our local experts on each lake,” Phillips explained. “As technology and the real estate industry evolve, our business model — combined with our leadership, professional agents and our staff’s hard work and development — will be paramount to our continued success.”

If you are interested in joining the award-winning Lake Homes Realty home office team, current position openings can be found under “Employment” on our website home page “About Us” section.

For more information about becoming a Lake Homes Realty agent, visit https://lakehomes.com/info/become-an-agent.

Inc. 5000 Methodology (2019)

Companies on the 2019 Inc. 5000 are ranked according to percentage revenue growth from 2015 to 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015.

They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2018. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million.

As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There were 12 ties on this year’s Inc. 5000.

For the full 2019 Inc. 5000 list, visit https://www.inc.com/inc5000/2019/top-private-companies-2019-inc5000.html.

Lake Homes Realty Ranked on the Inc 5000… Again!

Posted on Staff

Inc. magazine today revealed that Lake Homes Realty is ranked number 1582 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies.

This is the second year in a row for the company to be featured on this list.

“We were thrilled to be in the Inc. 5000 in 2017, but making the list for a second time is something else,” said Lake Homes Realty CEO Glenn S. Phillips. “We are excited for our team. They have worked very hard and it is great to see them receive this national recognition.”

When looking at the rankings by industry, Lake Homes Realty was ranked #1 in Real Estate for the state of Alabama.  For all industries in Alabama, the company was ranked at number 13.

The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small businesses. Some of the world’s most famous companies like Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, gained their first national exposure as honorees on this list.

“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” said James Ledbetter, Inc.’s editor in chief.

Not only have the companies on the 2018 Inc. been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent.

Lake Homes Realty’s own growth over the last year prompted the brokerage’s January relocation of their corporate offices to a larger space in Hoover Alabama’s Southlake Plaza. This has helped pave the way to extending the company’s market footprint into 22 total states, up from 13 in summer 2017.

Currently, the company is primed to be licensed and operating in at least 28 states by the end of the year. LakeHomes.com, the core of Lake Homes Realty’s business model, is positioned to see more than 3.5 million visitors in 2018.

“This has been such a great year for our company,” Phillips said, “and the fun part of all this is that we believe we are just getting started!”

About Lake Homes Realty

Lake Homes Realty is a multi-state real estate company focused on lake homes and land. Headquartered in Hoover, Alabama, the firm is one of the fastest- growing real estate brokerages in the country. Lake Homes Realty is a licensed real estate brokerage in 22 states, and is growing rapidly into additional states. For more information, visit www.LakeHomes.com.

Inc. 5000 Methodology

The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

Lake Homes Realty makes Top Tier of Inc. Magazine’s List of 5,000 Fastest-Growing Companies

Posted on Staff

Lake Homes Realty was the highest-ranked Birmingham-area company to make the 2017 Inc. 5000, the prestigious annual ranking by Inc. Magazine of the 5000 fastest-growing companies in the U.S.

Lake Homes Realty landed in the top fifth of the 2017 list, at number 927, courtesy of its three-year growth of 473 percent.

To be eligible for inclusion in the Inc. 5000, companies are evaluated for growth from 2013 to 2016 and ranked by revenue growth rate.  This was the first year Lake Homes Realty was eligible for inclusion in Inc.’s analysis.

Nationally, Lake Homes Realty was ranked the ninth-fastest growing multi-state real estate brokerage.

The company was the only Birmingham-area business to make the top 1,000, and was the eighth-highest ranked of the 59 Alabama companies on the list.

Glenn S. Phillips, Lake Homes Realty CEO
Glenn S. Phillips, CEO
Lake Homes Realty

“All of us at Lake Homes are thrilled that our hard work has paid off with this kind of national recognition,” said Glenn S. Phillips, CEO of Lake Homes Realty.

“And in many ways, we are just getting started. Our growth this year has been outstanding and we’re excited what our growth has done to genuinely benefit our real estate buyers, sellers and agents,” Phillips adds.

Leveraging Traditional Real Estate with Powerful Web Tools

Lake Homes Realty has grown to become the nation’s largest lake-focused real estate company. The firm’s website, LakeHomes.com, aggregates lake-area real estate listings from more than 60 Multiple Listing Services (MLS) in 13 states.

Increasingly popular with lake real estate buyers and sellers, LakeHomes.com is on track this year for more than 4 million visitors, and that already includes people in from every state and nearly 100 countries on five continents.

Since 2013, the company has expanded it’s licensed real estate brokerages from one state to now thirteen states in the Southwest, Southeast, Mid-Atlantic and New England regions. Additional states are opening operations this year.

Lake Homes Realty offers a unique combination of services to prospective buyers of lake property: the convenience of using a single website to research all thousands of lake-related listings coupled with its own licensed local real estate agents.

Real Estate Listings from More than 500 Local Lake Markets

LakeHomes.com currently provides visitors with access to view and search real estate listings totaling more than $16.5 billion across more than 500 local lake markets in 13 states.