How to structure my Real Estate Business to run more effectively?

[Joshua D.]

So me and my wife have 7 SFH’s and a duplex. All currently rented besides 1 SFH. So this has been a family run business for some time and my brother was the Maintenance guy and Remodleing guy but he has up and quit. So my question here is how do I keep everything kept up with and moving without him. We are doing interviews this week for a new guy to take his spot. We almost felt really lost at first like it wouldn’t work without him but now feel it’s for the best being that he was not doing his job very well for the last month. So what’s the next move for the business to keep it going and growing? We have all the tools and a storage unit for all that stuff. Any advise would be greatly appreciated. Thanks Josh

[Robb Almy]

Congrats on a nice portfolio @Joshua D. Did you pay your brother or was he a partner with you all in the business and his contribution was to do maintenance? While others will disagree with me and I think it depends on your situation, I would say property management is a possibility. I think with as many properties you have you may be able to negotiate a lower percentage pm fee. Hope things work out for you!