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Updated about 2 years ago on . Most recent reply
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Question for those over 200 + Units
Hi - When hitting 200 units, what processes/systems changed? I'm noticing hitting 60 units a few things ie. hiring a personal property manager under payroll keeping costs fixed etc. I'd like enlightenment regarding what changes hitting 100, 150, 200 + units as I'm sure some things start to become issues and/or things to deal with due to sheer volume.
I'm all ears..
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Greg Scott
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Perhaps your question needs to be rephrased.
When I had a number of single family properties, I had to build systems to support them. Those systems were not useful for our 24-unit apartment. The systems we put in place for our 24-unit apartment were not useful for our larger apartments that could afford full-time staff. We started over again. The pain points and systems needed have varied based primarily on the asset type. The number of units was much less relevant.
Your question only mentioned the number of units. Sounds like you are looking for input from someone that has a portfolio like yours. Otherwise, the next question must be "What type of asset are you talking about?"
When I had a number of single family properties, I had to build systems to support them. Those systems were not useful for our 24-unit apartment. The systems we put in place for our 24-unit apartment were not useful for our larger apartments that could afford full-time staff. We started over again. The pain points and systems needed have varied based primarily on the asset type. The number of units was much less relevant.
Your question only mentioned the number of units. Sounds like you are looking for input from someone that has a portfolio like yours. Otherwise, the next question must be "What type of asset are you talking about?"