Scaling up portfolio - managing managers

[Satya Nagarajan]

Hey everyone, I currently own 6 units in two different cities.  Even with only 6 units, I am having to do quite a lot of "managing the manager". Of course, I don't mind communicating with the manager on major items, but I wish I didn't have to be so hands on with the relatively minor issues. I have goals of scaling up to 20 or 30 units over the next few years, but I don't see how that's realistic with this amount of direct involvement with the PM. This seems to be the case with any PM I have worked with. I don't plan on being a full time investor any time soon. Has anyone had a similar experience? I'm wondering if this is related to the quality of PM or if this is just the nature of the beast as my portfolio gets bigger.

[Satya Nagarajan]

I can talk to them, but many of these issues are related to their lack of thoroughness or simply not following up on issues very aggressively, e.g., unpaid utility bills from tenant. They tend to react to problems instead of being proactive.