You're managing a hundred grand worth of rents a month. You know you're going to make six to ten grand a month.

We are pulling in I think it's like 10,000 right now, but we just had this crazy bump in rents for our student housing portfolio so my property manager

said we'll be pulling in about 15,000 per month. What made you go from being

the landlord to being the manager. You know...

All right, Chris, so you went from building a $40 million portfolio to now going all in on property

management.

What made you go from being the landlord to being the manager? You know one thing I can say about

multifamily investing, ADU flipping, whatever you're doing, it's that the

NOI net operating income dictates the value of these properties. And so when I realized

that I could save a dollar on an expense, what that would do to the valuation at a five cap,

I was like, this is a no-brainer why would I not

manage my own properties very well what ended up happening was we had the best

leasing agents the best contractors the best handyman and we said let's go all in on this and build a management company

and so others start bringing us their properties and now we're trying to scale this thing out in San Diego.

Yeah, so you guys got 50 properties under management now and the goals I assume to have hundreds and then thousands and all of that.

But you know, the reason I wanted to have you on is because I actually have never had a property manager on and the more I think about it the more I'm like dude this is such a great business model.

I mean it's recurring revenue, it's consistent, you know your expenses aren't that crazy. And you know, once you get one

investor, he's going to just keep bringing you more and more deals to manage. So like,

you know, you don't really even need that many clients to really start to build out a big operation. Yeah, yeah, it's really cool to see I mean it's all word of mouth I can do one little post that's the power of social media and say hey I got my brokers license I can

manage your property we have social media and presence and people are attracted to

that they want to be part of that so we created a company backyard brokerage

Inc and that's's the management arm for a lot of my students' properties and my own personal portfolio.

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