My friend built a property management company from 0 → 700 units (millions in revenue). I sat with him to learn how he scaled it, and how I could copy it:
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First, why do I like property management? • Contractual recurring revenue. • Launchpad for doing deals. • Negative working capital. • No accounts receivable. • Low capital expense. • Great cash flow. • No inventory. • Sticky clients. • Easy to sell.