JF 3928: Scaling Property Management, Section 8 Strategy, and Philippine Telecom ft. Mike Bonadies

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 6 June 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Next Level CRE, Matt Faircloth interviews Mike Bonadies, founder of TerraVestra Property Management. Mike shares his unique journey of scaling a profitable property management company while owning rental properties himself—something he says is rare but critical for alignment. He discusses the importance of hiring investor-minded staff, leveraging offshore talent from the Philippines, and creating systems grounded in landlord-tenant law and municipal code knowledge. The episode also dives deep into controversial topics like the future of Section 8 housing, vetting property managers with the right questions, and handling maintenance and pest issues responsibly—without falling into the trap of "scumbag landlord" behavior. Finally, Mike reveals how a trusted VA's idea led to launching a telecom company bringing internet to remote areas of the Philippines. Mike Bonadies Current Role: Owner, TerraVestra Property Management and co-founder of a Philippine-based telecom company Based in: South Jersey Say hi to them at: [email protected] or www.terravestrapropertymanagement.com Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	As a CRE investor, flexibility in when and how I get tasks done is essential.
0:05.7	Flexibility in your workday means you can decide when and where to invest your time.
0:10.2	With Stamps.com, tedious tasks like sending certified mail, invoices, and packages can be done on your time.
0:17.3	Not someone else's.
0:19.0	Stamps.com simplifies your postage needs and adds valuable flexibility back into your workday.
0:26.0	Stamps.com handles all your mailing and shipping needs wherever, whenever.
0:31.0	Access all USPS and UPS services right from your computer or phone.
0:36.5	No lines, no waiting. Their rate advisor helps you get
0:40.1	rates you won't see anywhere else. Up to 88% off USPS and UPS. Have more flexibility in your life
0:47.0	with stamps.com. Sign up at stamps.com slash CRE for a special offer that includes a four-week trial plus free postage and a free
0:57.8	digital scale. No long-term commitments or contracts. Just go to stamps.com slash CRE.
1:07.4	Jumping in here for a quick second. Hey guys, it's Pascal Wagner and you may know me as the host of the passive income playbook on this podcast. And if you're still trying to figure out which passive investments actually deserve your capital, I've got something that can help. I'm hosting a free webinar where I'll teach my three-step buy box method so you can improve
1:29.9	your due diligence, spot red flags fast, and stop wasting time on deals that don't fit. If that's
1:37.6	interesting to you, you can sign up at best ever cRE.com slash grow cash. Again, that's best ever cRE.com slash G R-R-O-W-C-A-S-H. Hope to see you there,
1:53.7	and let's get back to the show.
1:59.2	What is happening in best ever listeners? This is Matt Faircloth and welcome to the best ever
2:03.2	CRE show in my segment called Next Level CRE, helping you take your business and your ideas and
2:10.0	your life and everything you got to the next level here on the show. Thank you for listening.
2:15.0	These shows come out every Friday the next level CRE show does, but make sure you check out all the other hosts we have on Best Ever as well.
2:22.5	And guys, here's a quick tip from the Best Ever toolbox that I'm going to start introducing
2:27.4	here. Just all the different ways the Best Ever can help you. Best Ever's got, you know, 50,000 or so subscribers to its newsletter.
2:36.5	It's got thousands of people that attend our conferences. It's got thousands of people to download
	...

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