All Forum Posts by: Brian Ar

 Great take. I definitely agree with the pressures facing PMs. I do think there is some inelasticity in that industry, as HOAs / investors etc. are not going to raise their hand to carry the workload, but you are absolutely correct.

The one thing I struggle to get comfort in w/r/t contractor services is I don't necessarily want to be tied into one service vertical. Today's labor market is tight, and buying a smaller business that has a small labor force opens you up to key employee concerns. I admit I need to learn more about the WI trade labor market, but finding the right contractor services to start with is a challenge! Would love to hear this group's thoughts / pick your brains.

@Marcus Auerbach - thanks for that insight. That is something I am considering, although I am envisioning using the PM company to then bring some of those services in-house. The PM company would serve as the original platform to build off of. 

I am open to PM companies that are at a smaller scale, but I need to find an existing team that is excited about being part of a growing platform. I have met several in the Milwaukee / Madison area where management didn't check that box.

@Bradley Brucker - Great to e-meet you! I am very familiar with those areas. Is a good amount of your work work typically through arrangements with property management companies? I would love to get my foot in the door in those markets.

Over the past year, I have been looking to acquire a property management company. The process of identifying the right opportunity has taken significant energy, but I have not yet found the right target. Ideally, the company generates between $900k - $1.3M of net income and is located in the Midwest. If you are looking to sell your PM company, know someone who is or if you are looking to join me in building a large portfolio over the next 3 - 5 years, I look forward to hearing from you!