Hello BP. A partner and I are starting a property management company. We have various reasons for this decision, including our existing experience managing properties for ourselves and others. We believe it's wise to transform it into a real business instead of just a side gig. In preparation for this, I'm wondering if the community could provide advice/resources for scaling, coaching, and marketing to attract more property owners.
I imagine it's not too different from my work in advertising my investor agent business, but when I research available courses and training programs, it's challenging to find honest feedback from third parties who have achieved substantial growth in today's property management market. Our goal is to make it a reliable income source within two years, aiming for around $8,000 per month, split equally between us. More would obviously be better but this seems like a realistic goal.
What advice do you have for a newbie looking to start on the right foot and avoid wasting money on an ineffective approach? Thanks in advance.
