How to best structure my Real Estate Investing Organization Chart

Question

Hi All,

I am currently working on an organization chart for my inventing business. Currently it's just myself and one partner but our roles are not very well defined. We sometimes mix responsibilities and it is not very scaleable. I am looking to scale up and add more team members in the future.

Does anyone have any suggestions for roles and activities that I should have laid out and clearly defined before bringing more people on?

Thank you for any help you can provide!

Taylor L. · Answer

Acquisitions, Asset Management, Construction management, Investor Relations, Finance & Accounting, Legal... There are a few!

The best answer boils down to your specific investment strategy and what the organization needs to look like in order to work at scale. Right now the two of you are going to have to fill most of the roles. The best thing to do is to identify each of your individual strengths & weaknesses and set up your business so you can focus on those. Then look for the one thing, the next person or role you need to add in order to take the next step up.

The exercise that has helped me the most is thinking in terms of your time and its value in dollars per hour. Pick a value for your time, perhaps $500/hr. Then write down all of the tasks you're doing, and start hiring people for the lowest $/hr tasks.

Nicholas Davaul · Answer

This is a screen grab from "The Millionaire Real Estate Investor".

How to best structure my Real Estate Investing Organization Chart

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