JF 3928: Scaling Property Management, Section 8 Strategy, and Philippine Telecom ft. Mike Bonadies

The Best Ever CRE Show

On this episode of Next Level CRE, Matt Faircloth interviews Mike Bonadies, founder of TerraVestra Property Management. Mike shares his unique journey of scaling a profitable property management company while owning rental properties himself—something he says is rare but critical for alignment. He discusses the importance of hiring investor-minded staff, leveraging offshore talent from the Philippines, and creating systems grounded in landlord-tenant law and municipal code knowledge. The episode also dives deep into controversial topics like the future of Section 8 housing, vetting property managers with the right questions, and handling maintenance and pest issues responsibly—without falling into the trap of "scumbag landlord" behavior. Finally, Mike reveals how a trusted VA's idea led to launching a telecom company bringing internet to remote areas of the Philippines.

Mike Bonadies

• Current Role: Owner, TerraVestra Property Management and co-founder of a Philippine-based telecom company

• Based in: South Jersey

• Say hi to them at: [email protected] or www.terravestrapropertymanagement.com

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