Second Time's the Charm as Owner of a $4m Business

So you know, when you kind of map it out, it's about, you know, seven to $10 million business, you know, covering that, you know, that size of a, of a portfolio. So I think a lot of that translates into kind of where I ended up.

Yeah, it's a great point. And what about the, how many people were under you? Is it also comparable to a seven to $10 million small business?

And I was privy to, you know, the kind of, the back end of that and my, my first operations job and you know, they were running kind of net profit of 40%. I think, you know, that was a extremely well run, lean business. I would say most of the property management firms are probably, you know, net margins of 10 to 20%.

Wow. Meaning, wow to the 40% in a business where the average is 15ish. Huh? Great, Joe. And you did that, you said through 22.

Through 2020.

Through 2020, that's right. And what happened then?

Well, in 2020 I invested in. Well, by 2020 I. I'd already invested in this biohazard company that a neighbor had. So I was kind of a minority guy, 10%.

And then in 2020, I had the opportunity to acquire the rest of the shares in that. In that biohazard company.

So a biohazard company meaning exactly what. I think I know what that means.

All the gross, spell it out. So it started as a blood cleanup, hoarding cleanup, rat feces cleanup, mold cleanup. You know, I mean, I was in their full hazmat gear, you know, the face mask with the breathers, full ppe, just cleaning alongside of my guys.

And you know, this, the nature of this work a lot of times is they just, you get a call at 2 in the morning and, you know, it's something that's terrible that happened and you know, the, and you got to come in and clean this unit.