I’d like to share with you a case study of one of our clients.
Randy wanted to start his own management firm after working for 14 years for several major management firms. As a Regional Portfolio Manager, he oversaw the operational and financial management of more than 4000 units. Randy was looking for a new challenge, and felt that if he could find an owner to help him start his own firm, that would be a great opportunity.
His first client was an owner with four properties, and almost 1000 units. With his three percent management fee, net income from this client was more than $40,000 per month. Our fees to do the accounting and the payroll were less than $7000 a month to him.
As a result, he nets more than $30,000 per month and has significant freedom for the business, and also to spend with his family.