EP124: The 850-Property Portfolio Playbook - Michael Bonadies
In today's episode, Michael Bonadies reveals how a suggestion from a colleague transformed him from an employee at DeWalt Power Tools to a savvy landlord and property manager. Starting with a single duplex he never saw in person, Michael capitalized on the South Jersey market to build an impressive real estate portfolio and a property management company that quickly grew into one of the region's most significant.
In this episode, you will be able to learn about
- Importance of financial stability during the transition
- How to navigate different management strategies among states
- Role of teamwork in managing affordable housing
- How to create a predictable and stable work environment
- Advantages of risk-taking in the twenties
About Michael
Mike is a landlord and property manager. He currently owns 50 rental units in South Jersey. He Co-Owns a property management company with 800 doors, TerraVestra Property Management, that specializes in managing rural and affordable housing. Mike also owns a construction and maintenance company, Side By Side MRO, which specializes in pre-1940 construction. As the ultimate house hack, Mike owns a livestock farm where spends his free time.
Connect with Michael
- Website: www.terravestrapropertymanagement.com
- Email: mbonadies@tvpm.info
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