All Forum Posts by: Kyle Mccaw

 Seems fair. Be sure to run a full background on the new tenant.

@Shushyam Malige Sharanappa

I'm not going to recommend anyone for obvious reasons. But I will caution you to think real hard before hiring a frachise manager. Often times these are unexperienced managers that bought a franchise. Go with someone that has serious experience and a team that knows all the ins and outs of managing tenants, properties...and landlords.

@Carter Fleck 

There’s definitely a lot happening right now. The industry continues to see consolidation, with private equity-backed firms actively acquiring, albeit at a slightly slower pace than the frenzy a few years back. Peter Lohmann’s newsletter is a solid source for staying on top of national trends; I’d recommend subscribing if you haven’t already.

In Texas, I’ve noticed increased activity, especially in the Dallas-Fort Worth area. Single-family management companies are seeing interest from buyers. Private equity firms seem to favor larger operations with scalable systems, while smaller mom-and-pop firms are often acquired by local players or regional operators looking to expand their footprint.

If you’re looking for actionable intel, reaching out to brokers specializing in the sale of PM firms could provide useful leads. Additionally, many deals tend to fly under the radar, so networking within organizations like NARPM (National Association of Residential Property Managers) can help uncover opportunities.

If anyone reading this is considering selling their property management company in Texas, feel free to share—I’m genuinely interested in connecting. Happy to keep the conversation going if anyone wants to dive deeper into trends or specifics!

@Cameron Moore I knew I could count on you for a legit answer.

@Suzy Farman

Here’s what’s worked for me:

1. Leverage Airbnb/VRBO: Many insurance companies use these platforms via third-party services. Listing your property there ensures visibility.
2. Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.
3. Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.

This approach has helped me successfully market to insurance companies.

@Francis A. 

Insurance challenges are growing nationwide, not just in California. It’s crucial to work with an experienced broker who can access multiple carriers. It changes daily. In Dallas-Fort Worth, for example, SafeCo recently began writing new policies again. A knowledgeable broker can help navigate these changes and find the right coverage for your property.
@Cameron Moore thoughts on this?

@James Boreno 

You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements. The insurance payout also impacts your taxable gain. Consult your local CPA to calculate accurately and minimize your tax liability.

@Tayvion Payton I have managed many properties in neighborhoods like this. It is not for the weak. You will earn every dollar you make. And it will be a constant struggle. You need to be very committed to this if you move forward.

@Robert Stephenson

You’re in a great position! With substantial equity in your Fort Worth rental, a cash-out refinance could free up funds to purchase additional properties. This way, your current rental stays a cash-flowing asset while providing leverage to grow your portfolio.

@Tony Schmucker