Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Management Company Structure
Hi All,
Thanks in advance for any feedback! I currently work for a group of investors, helping them manage a multi family portfolio and developing their own property management company along the way. I am curious at what point you all think it becomes difficult to maintain a "departmental" structure and the need to move to a "portfolio" based structure kicks in.
Our portfolio currently sits just below 100 units across about 10 buildings. We have one accountant and one person coordinating maintenance/tenant relations. It's already pretty hectic, and as we expand in size and territory covered, I wonder if this model is sustainable. Does anyone have experience scaling a departmental structure to a larger portfolio? I see it becoming a nightmare, especially from a maintenance/tenant relations perspective...
Thanks again for any insight!