Starting a new Miami PM Firm

[Andrew Bonner]

Hello Everyone,

My name is Andrew and I have been real estate for over 15 years. I have spent most of that time in management and have decided to start my own Property Management company in Miami, FL called Sabal Pam Real Estate (SabalPalmre.com). I am focusing on single family, condos, and small apartments. I have managed over 300 units and millions of square feet of commercial. I am going to focus on Coconut Grove, Coral Gables, South Miami, and Pinecrest. These areas have jumped in rent but new tenants have a high expectation in what they are paying for. I am already working with a few owners but plan to market to more. I want to get a list of absentee owners and explain that I will manage the entire rental cycle for an entire year for the same amount they pay realtor just to rent the unit. I will also only charge based on collected rent so when they aren’t getting paid neither am I, and I am entities to keep the unit rented because I don’t get leasing payment fee. I will charge between 8% and 10% and potentially a small amount for larger remodels. I have a Brokerage License and a CAM License so I have a deep knowledge of condo issues. What do you all think? Does anyone know someone looking for management in my market? Any ideas on how to get a few more clients and best practices to scale responsibly? Thanks for everyone’s help 

[Drew Sygit]

Quote from @Andrew Bonner:

Hello Everyone,

My name is Andrew and I have been real estate for over 15 years. I have spent most of that time in management and have decided to start my own Property Management company in Miami, FL called Sabal Pam Real Estate (SabalPalmre.com). I am focusing on single family, condos, and small apartments. I have managed over 300 units and millions of square feet of commercial. I am going to focus on Coconut Grove, Coral Gables, South Miami, and Pinecrest. These areas have jumped in rent but new tenants have a high expectation in what they are paying for. I am already working with a few owners but plan to market to more. I want to get a list of absentee owners and explain that I will manage the entire rental cycle for an entire year for the same amount they pay realtor just to rent the unit. I will also only charge based on collected rent so when they aren’t getting paid neither am I, and I am entities to keep the unit rented because I don’t get leasing payment fee. I will charge between 8% and 10% and potentially a small amount for larger remodels. I have a Brokerage License and a CAM License so I have a deep knowledge of condo issues. What do you all think? Does anyone know someone looking for management in my market? Any ideas on how to get a few more clients and best practices to scale responsibly? Thanks for everyone’s help 

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