Getting into MTR arbitrage

[Makani Donaldson]

Hey everyone, I've been thinking about getting into the arbitrage space for awhile and midterm makes sense for my market. My question is when applying for the lease, most properties in my market are run by a management company. Personally I'd like to talk with the landlord instead of a manager, in my mind, it's easier to cut out the middle man to have a conversation. Does anyone find that that's the case? If so, what's the best way to do talk with the landlord. Or is just the same to talk to the property manager and pitch the idea of a rental arbitrage?
in either case, does anyone have tips as to go about the actual pitch?
Id also prefer to converse in person so would I ask the PM and or landlord to meet in person? Or do I just do my best over traditional messaging. 

hopefully that all makes sense and I appreciate anybody's feedback! 

[Drew Sygit]

@Makani Donaldson as a PMC, can tell you that trying to go around a PMC and "Cut out the middle man" to get to the owner will just make your name mud in your area.

Who's going to trust you?

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.

Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.
- why would an owner want to do business with someone NOT properly licensed?
- what are the chances you will get them sued?

What is your track record of success? Or are you planning to put 100% of the risk/cost of vacancies, furnishings and tenant nonpayment on the owner with you having 0% risk?
- oh, but you do want a percentage of any upside!

Recommend you go back to square one, and really think this through from an owner's perspective.