Property Owner Spotlight: Building a 50-Unit Portfolio with Mark Muller
In this property owner spotlight, we sit down with Mark Muller, who has successfully built a 50-unit rental property portfolio over the past 12 years. Mark shares his journey from purchasing his first rental property to scaling his operations, the challenges he faced, and how My Property Platform helped him manage his growing portfolio efficiently.
Mark's story demonstrates that building a successful rental property portfolio is achievable with the right strategy, persistence, and tools. His insights are valuable for property owners at any stage of their journey.
1 / Starting with a Single Property
Mark's journey began in 2012 when he purchased his first rental property—a small two-bedroom house in his hometown. Like many new property owners, he managed everything manually using spreadsheets and paper files.
The early challenges
"The biggest challenge in the beginning was learning everything on the fly," Mark explains. "I made mistakes with tenant screening, didn't have good systems for maintenance tracking, and spent way too much time on administrative tasks. But each property taught me something new, and I got better with experience."
2 / Scaling to Multiple Properties
After successfully managing his first property for two years, Mark purchased his second rental, then his third. By year five, he had 10 properties and realized he needed better systems to manage his growing portfolio efficiently.
Mark's Advice: "Don't try to scale too fast. Master managing 2-3 properties before adding more. Once you have good systems in place, scaling becomes much easier. I wish I had started using property management software earlier—it would have saved me hundreds of hours."
3 / Using Technology to Manage Growth
When Mark reached 20 properties, he knew he needed professional property management software. He chose My Property Platform and credits it with allowing him to scale to 50 units while maintaining high standards for tenant relations and property maintenance.
"My Property Platform transformed how I manage my portfolio," Mark says. "Automated rent collection, maintenance request tracking, and financial reporting freed up my time to focus on finding new properties and building relationships with tenants. I couldn't have reached 50 units without it."
Key Takeaways from Mark's Journey
Mark's success story offers valuable lessons for property owners: