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He didn't set out to build the "CARFAX of property management." He set out to be a real estate investor, and stumbled into an industry-wide blind spot. In this Hot Takes episode, Chris sits down with Matt of propertymanager.com to hear how an arrogant 23-year-old landlord turned a personal frustration into a trust platform for the entire property management industry.
It started with investing
Matt began his career at 22, working in sales at a venture-backed tech company. He wanted to build his own future, so he started investing in real estate.
How he accidentally became a property manager
Long story short, he ended up with about 20 or 30 rentals and started a property management company, because obviously that would be easy. He quickly found out he was just an arrogant 23-year-old. It's also where he learned property management, the hard way.
The problem that stuck with him
Through that experience, Matt couldn't believe there was no way to objectively find a property manager. He wanted to know the things that actually matter:
- Who's really leasing properties quickly?
- What's their eviction rate?
That frustration turned into what he calls his CARFAX of property management idea.
Why propertymanager.com was the natural home
When the opportunity came up to buy propertymanager.com, it felt like the right place for that idea to live. That's how it all came about.
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