All Forum Posts by: Jackson Hanssen

Consider Joint Ventures, You lend your credit profile and operations experience if needed, in exchange you get a fee + % of profit over a certain amount.

Yeah you're fine. you have reasonable time, but you should get an accountant for documentation

Thank you for the feedback!

Thank you for your feedback, starting in one geographic region to perfect the process would be smart!

BUMP

@Al Williamson Thank you so much for this feedback, I really like the examples you gave of adding value by increasing the NOI for small operators. That's exactly the goal of this model, to provide value to the owners of smaller properties while running a lean company. Thank you.

Awesome feedback, thank you! Yes sir, proud Sun Devil checking in :)

Hi y’all! I apologize in advance if this is the wrong forum, I wasn't exactly sure what to submit this to.

I’d like to start off by introducing myself, I’m a rising senior at a state college majoring in finance. I’ve been a long time lurker here on BiggerPockets and am involved in real estate investing with my family! In addition to going to school and being involved in my family’s real estate dealings I’ve recently developed a concept for a property management company.

However, this property management company would operate differently than the traditional model. The company would be partnered with a leading Multi-Family Property management group but would focus exclusively on SFR's and MF's that are too small to justify on-site management. I believe that through this partnership I could provide value to you (SFR and small MF property owners) by doing a few key things.

• Providing Handyman services to owner’s at cost. To give an example; for small jobs when owner’s need to hire someone to fix a toilet or un-clog a drain owners or local property managers hire a contractor to complete the work order. By having Handymen on the payroll I believe that I can fulfill these small common problems at a lower cost, because the company would be making absolutely zero profit off this service. What we pay, you pay.
• Large Scale Capex. The large MF property manager we would be partnering with has set vendors that they use for large scale projects, from roof repair to sewer lines. By utilizing the economies of scale my company can pass on below market rates to the owners of SFRs we would manage. This could be substantial when you consider how much capital is required for large scale projects, like roof repairs or new HCAV units.
• National coverage for all of your properties. Many investors own properties that are in different markets and so have to be managed by different property managers. With my company you could have all of your properties and the key information about them in one easy to access location with the same service and expectations applied to all of the properties you own.
• Full Service Company. The company would be able to manage all parts of tenant management from leasing to work orders and could manage tenant move out such as cleaning and any needed repairs. This process would work similarly to having full-time handymen, as my company would also employ full-time cleaning staff, which would allow my company to provide cleaning services to property owners at below market cost.)

Now after reading all of that I have to ask a favor of you, the BiggerPockets members. I’m seeking any thoughts or comments you might have about the concept. Any and all feedback is appreciated, so please don’t be afraid to be critical. Thank you in advance for reading this and hopefully together we can bring a service to life that adds value to real estate investors nationwide.

Jackson