#237: Growing a 700+ Unit PM Company (By 26!), The Keys To Successful Property Management, and Delegating to Global Talent with Ryan Weiss

Curious about the top strategies for tenant selection that will save you time and money? In this episode of the Multifamily Wealth Podcast, I sit down with my good friend and business partner, Ryan Weiss. Ryan is the principal broker, director of property management, and my founding partner in our management company, Blue Door Living. Blue Door Living specializes in managing small to midsize multifamily properties throughout New Hampshire.The conversation goes into the challenges and successes of scaling a management company, emphasizing the importance of tenant selection as a key component of successful property management. Ryan also highlights the significance of delegation, working with global talents, and the essential aspects of effectively managing multifamily real estate.In this episode, we discuss: - What are the key challenges faced in growing a property management business from 40 units to over 700 units in just three and a half years? - How did Ryan’s personal journey as a real estate investor and business owner contribute to the growth of the management company? - What were the strategic hires made during the growth stages of the management company, from 50 units to 250 units? - How did Ryan overcome the challenges of fear and ego when delegating tasks and responsibilities within the business? - What are the top three pillars of successful property management according to Ryan, with tenant selection being the top priority? - How does Ryan emphasize the importance of tenant selection and being a good landlord in maintaining a successful property management business? - What are the future challenges and strategies for growth as the management company aims to expand to managing 1,000 units and beyond?Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate PartnersConnect with Ryan:Connect with him on LinkedInLearn more about Blue Door Living