r/Realestatefinance • u/MisterPropertyMan • 3h ago
[Property Manager US-WI] Property Management veteran seeking individual private investor or family owned apartment community to manage.
I am reaching out to the independent investors/private landlords in Wisconsin.
I am a 30-year veteran Multifamily Property Manager currently operating a standalone market-rate asset in Wisconsin. I spent my first 16 years in the industry working for the large, national and statewide Property Management organizations. However, back in 2012, I decided to refocus my career path away from the traditional, large corporate environment and more towards becoming a valuable commodity for a small family/independent investor who may own (or is interested in owning) a single site, market rate multifamily property in rural Wisconsin.
Over the past 14+ years at this single location, I have maintained total operational autonomy, high leasing velocity, and strict compliance with Wisconsin ATCP 134/Chapter 704 landlord-tenant laws. As a result, I and my maintenance staff have completely transformed this community into a financial gem that allows for little to no owner interaction and stress. However, due some familial and financial issues that were raised outside of this asset, the apartment community had been sold to a larger, corporate third-party management structure. This has completely disrupted our immense progress we have made over the years with regard to overall property appearance, resident satisfaction and retention, increased NOI, and so much more.
When I came to work (as an employee) for this private owner years ago, I truly thought this would be my final destination in my career path. However, these days I find myself looking to escape this corporate world once again and align my expertise directly with a private individual, a local family trust, or an independent commercial broker syndicate.
Now, typically, the ability (and need) to require and maintain a full time staff (Manager, Maintenance, and cleaning personnel) would entail a property in the range of approximately 120-150 units (give or take). Therefore, I am specifically seeking a private investor (or group of investors) who owns or is looking to acquire a property of this sort in rural Wisconsin, who would relish the opportunity to join forces with a seasoned industry professional that would bring decades of on-site operations expertise to their investment.
This truly becomes a win-win situation for both myself and the owner/investor. While returning myself to my intended direction of working for a private investor, my decades of industry operations experience and legal insight provides the ability to implement structured business practices that would typically only be available by hiring a costly management company. As mentioned earlier, I come from decades of working for the large apartment communities in major metropolitan markets, and therefore have the advantage of bringing proven business practices to your investment. If you are a private investor who fits this description, please message me privately, as I would like to keep this conversation confidential (for obvious reasons), so that we can discuss further.