Episode Details

Register here for the webinar, The Anatomy of an LOI:

• https://bit.ly/492E8eh

Buying a property management business (which he's doubled) helped Brandon Laughridge balloon his real estate portfolio. 

Topics in Brandon’s interview:

• Why he changed his mind about service businesses
• Modernizing and professionalizing a property management business
• Growing from 12 to 25 employees
• The pain of owning a business with no pricing power
• Setting boundaries with clients around service offerings
• Pros and cons of property management
• How SMB owners can incentivize Google reviews
• The myth of “passive income” in real estate
• Managing tenant relationships
• Who should buy a property management business (and who shouldn’t)

References and how to contact Brandon:

• My First Million podcast
• Brian Shields' recent episode on Acquiring Minds: 2.5 Years from Buying to Exiting
• Twitter
• North Terrace Property Management
• brandon@northterrace.com
• Brandon’s popular Twitter thread from 2020

Book your free tax strategy session for business buyers today:

• Steed - book your free session

Learn more about Walker Deibel's done-with-you buy-side advisory:

• The Acquisition Lab

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter