MT TX (Montana Texas) was founded in 2007. Since then, we've sold thousands of homes, and our management partnering company currently handles 940 homes across 5 states.

As a company, we were searching for a niche in the rental market. We discovered that many people desire rental income but can't afford the initial investment required to achieve the returns they want. This often leads them to higher-risk ventures, which can result in significant financial losses. High returns typically come with high risks, which is undesirable for those seeking a steady income to support their present and future financial goals, including retirement.

We found our stride during the 2008 crash. At that time, we owned mobile home parks, one of which was underperforming. To address this and fill the vacant spaces in our parks, we began buying homes, placing them in the vacant spaces, and renting them out. Within months, it became clear that these homes outperformed the parks in terms of return on investment. Soon, we had 70 homes and were on solid ground. This success paved the way for our current standing.

A pivotal moment came when a friend, interested in buying mobile home parks, visited my office. I showed him our spreadsheets, including the impressive returns from the homes we rented out. Seeing returns above 20%, he was eager to invest. Initially, our returns were around 10%, but annual rent increases had significantly boosted our earnings.

He inquired about maintenance costs, expecting them to be high. However, we explained that these homes were easy and cost-effective to maintain, with straightforward plumbing access and durable construction. Even in poor condition, the most we spent on refurbishments was $8,000, with an average makeover costing $3,000—far less than for traditional houses.

Our friend insisted on buying some homes, so we sold him five. His partner and friends soon followed suit, and before long, we were selling $11 million worth of homes annually. Our managing partner now oversees $44 million in assets with over 200 owners.

However, the rental business isn't without challenges. Tenants sometimes move out, fail to pay rent, or damage property. To manage these issues, we partner with reliable management companies that handle leasing, rent collection, maintenance, and overall property upkeep. This ensures the properties remain rented and in good condition, allowing owners to receive their monthly income without hassle.

We require our management partners to use software that provides owners with 24/7 access to their property information, including reports and notes from tenants and managers. This transparency ensures owners are always informed about their investments.

We know this business inside and out and have structured it to meet the highest standards of ownership and management.