Bridgestream

About Bridgestream

Bridgestream Property Management operates as a third-party property management firm focused on the residential real estate market in and around Dayton, Ohio. The company was established in 2020 through the acquisition of an existing property management business by founders Mike Mefferd and Jason Brower.

The founding partners bring complementary experience to the venture. Mike Mefferd, the Broker/Owner/CFO, has a background in financial and operational management from his time at Speedway LLC and sales roles at Adrian Steel. His journey into real estate investment began in 2010. Co-founder Jason Brower, the Owner/COO, comes from a family business in building materials distribution and has experience in sales. He started investing in real estate in 2016 before obtaining his real estate license.

The firm's business model is centered on providing comprehensive management services for property owners, including single-family homes and multi-family apartment communities. Revenue is generated from management fees paid by property owner clients. The company's client base consists of real estate investors for whom it manages a portfolio of rental units. Bridgestream also operates a full-service real estate brokerage to assist clients with buying and selling investment properties.

Services offered cover the entire rental lifecycle, starting with property marketing, utilizing digital listings and virtual tours to fill vacancies. This is followed by a tenant screening process that includes financial and criminal background checks. Once a tenant is placed, Bridgestream handles rent collection, with online payment options available for tenants. The firm also manages property maintenance, addressing routine upkeep and responding to repair requests. For its owner clients, the company provides financial reporting through an online portal with access to real-time reports, and it also handles evictions and offers legal guidance.