Property Management startup trials and tribulations

[Oscar Sosa]

Hello BP Family!

My partner and I have developed a solid relationship early on in our investing career given the trust we both have built while serving alongside each other as active duty Marines. Our drive to succeed along with our relentless attention to detail has become the driving force towards growing our business.

As we have discussed our plans and ideas to scale and grow our business at length, we have identified that creating multiple streams of income will be beneficial for us to generate capital needed for investing. The more we wargame our thoughts and ideas, the more we find ourselves coming around to the idea of starting our own property management company. My wife and I are currently taking our real estate broker prelicensing course, while my partner has begun looking into obtaining his GC license. Our question for you all is, as investors, how many of you decided to start your own property management company? If so, why/how did you know this was an avenue that you wanted to pursue as an investor? What were some things you did that set you and your company up for success or things that you wished you would have considered beforehand?

Thank you all so much for taking the time out of your schedule to impart to all of us your advice and wisdom!

Very Respectfully,