| Years ago, ODC’s founder, Brandon Turner, bought his first mobile home community and quickly realized that third-party, professional management options weren’t great and definitely not a standard he’d be happy with should he decide to scale. Fast forward to the birth of Open Door Capital. Brandon had a bold idea: Instead of outsourcing management, why not build an in-house team? He believed this strategy could outperform any third-party manager. And with this vision, Open Management was born. Brandon wasn’t alone in this endeavor. ODC’s co-founder, Brian Murray—a seasoned operations expert from Washington Street Properties—brought decades of multifamily experience to the table. Together, they assembled a stellar team with a central focus: manage these communities better than anyone else they could hire and create efficiencies and control that only in-house teams can provide. The power of this decision to vertically integrate the management of our mobile home communities has had ripple effects. Not only is this a way to maintain a pulse on the properties at all times, but it is also a holistic approach to value creation for our investors. So why should you care about vertical integration as an investor? Here are the top three reasons: Control and Quality: Vertical integration means everything is managed in-house. This control ensures higher quality standards. Problems are addressed swiftly. Decisions are made with the property’s best interest in mind. Cost Efficiency: By eliminating the middleman, costs are reduced. Savings can be reinvested into the property or passed on to investors. It’s a win-win. Aligned Interests: When the management team is in-house, their success is tied to the property’s success. Everyone works towards the same goal. This alignment of interests leads to better performance and happier stakeholders. |
