Searchin' for HOA Managers to acquire @ElleryPartners. Ex-PE/IB, @HarvardHBS MBA c/o '20. Follow for thoughts on investing, SMB, and the HOA management industry
What a great explanation of limiting shared services in a holding company. We’ve seen a lot this play out as we’ve brought on new Members of The CAM Collective- each brings fresh ways to tackle “HV, HF” problems that we encourage (not force) others to try.
Can you build a holdco with a shared services model?
TL;DR: Yes, but it's not intuitive and requires hard work and lots of time.
After 15 years of trying to develop scale of skill across a portfolio of companies, here's what I've learned and where I've landed...
We're on the lookout for a lending partner @ The CAM Collective. Conventional (Non-SBA). Bank or non-bank lenders welcome.
Ideally someone who wants to grow with us as we bring new Member Companies onboard.
Any rec's? DM's open!
@michaelpatron0 I guess I was thinking of how the anxiety would manifest itself in a bad way. Asked differently: In this state of dealing w above-avg anxiety, would your coping mechanisms be as bad as the potential side effect of the meds?
Every single condo buyer I’ve met wants LOW HOA dues. Let me lay out reasons why this may not be a good thing-
1. You ARE the HOA. You will pay for it 1 way or the other
#retwit#homebuying#housing
Resi data from the Chicagoland (8/21 vs 8/22)
Detached Single Family
18% ⬇️in new listings
22% ⬇️in closings
Attached Single Family
25% ⬇️in new listings
20% ⬇️in closings
IMO, prices will hold until new listing inventory shoots up
I share stories about building the company (The CAM Collective) and budding lifelong business partnership (@ellerypartners) I began with @thejalenross. Like this post and follow me for more content like this!
Overall, there was such a release after the meeting; sharing information you've held for a few months can be nerve-wracking. Big shoutout to our board for their support, advice and dealing with us two knuckleheads as we figure this out for the first time
https://t.co/eFX0ELQKUj