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Updated about 1 year ago on . Most recent reply

User Stats

63
Posts
54
Votes
Tony Stephan
Agent
Pro Member
  • Investor
  • Metro-Detroit, MI
54
Votes |
63
Posts

We fired our property manager and started self managing our 131 rental properties

Tony Stephan
Agent
Pro Member
  • Investor
  • Metro-Detroit, MI
Posted

Last year my wife and I made the BEST decision ever to fire our 3rd party property manager and create our own in house property management company for our 131 rental properties!

We've learned the MONEY IS MADE IN THE OPERATIONS when it comes to real estate investing. 

Post any questions or comments if you have them!

Most Popular Reply

User Stats

63
Posts
54
Votes
Tony Stephan
Agent
Pro Member
  • Investor
  • Metro-Detroit, MI
54
Votes |
63
Posts
Tony Stephan
Agent
Pro Member
  • Investor
  • Metro-Detroit, MI
Replied
Quote from @Adam M.:

@Tony StephanIt's truly gratifying to hear of your success here, particularly given that numerous operators we know have endeavored to achieve a similar feat but to no avail.

Curious to know if this was 131 single family homes, several multifamily properties or one big complex? I'm sure you can agree the property management style differs depending on the answer!

Capital is absolutely tied to operations so you are completely right there. Great job guys!


 Hey Adam! Great question. My entire portfolio is on my page so feel free to check it out.

I own 4 houses, 8 units, 7 unit, 12 units, 16 units, and a big ol 56 unit. Goal is to keep buying larger deals 40-100 units now. Just wrote an LOI for 100 units yesterday!

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