G'Day everyone,I never in a million years did I think I'd be writing this but life and business can be funny sometimes.So we hated property management for so long because it's a very "thankless" gig.Tenants complain things aren't getting fixed quickly enough and landlords complain that things cost too much to fix lolAnd the property manager is stuck in the middle.Long story short, we had to set up in-house property management because that was the only way in our opinion to have a successful turnkey operation.Fast forward 10+ years and "what do ya know"We love PM....The residual and predictable income.The recession "proofness" of the business model.The value it offers to both tenants and landlords.And off course the profit margins once you hit an economies of scale standpoint.We have also fine tuned our operation over the years to almost perfection and established ourselves as the #1 rated property manager in Toledo.Systemize, optimize and monetize is what we did.We are now at a point where we could like to focus on mergers and acquisitions.Yep, I kid you not lolI'd like to buy other property management companies that don't know what they are doing just like we didn't I guess for the first 3-4 years.Looking to stay close to home in Toledo to start.I spent some time cold pitching local companies but they are all too proud to reply in their incompetent management style and prefer to continue running a scam.Any advice from other PM owner folks that are more experienced/advanced than we are would be much appreciated.Specifically on how to find an owner interested in selling.Grazie mille for reading and I'm looking forward to your reply 🙏

You'll find that with the right relationships you'll be able to scale much faster and with fewer mistakes. 2.   

Not create another thing to drain my day.I might give up some income in the short-term by doing things out of state, but it allows me to focus on scale and continue to use my time how I want to.

I can answer and help with lending, deal underwriting, scaling your real estate business, discuss a particular deal etc.

Also you mentioned you already have money for your next OOS property so I won’t considering selling this property until you have good success in OOS investing and then need money to scale.

But depending on how much you get when you leverage those properties it should help you scale and keep buying.

You'll also get a feel for being a landlord and have a criteria to go by when interviewing property managers when you scale.

Use wholesale income to generate larger reserves and then>house hack multi-family>scale multi-family empire over 5 years

Now if I am able to use Private Money and scale more rapidly, I have room to give the PML a decent deal.

Hi Brandon, One of the easiest ways of scaling in real estate today is to invest in turnkey properties out of state.