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Updated over 2 years ago on . Most recent reply
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Work Roles for new Multifamily Business
I'm looking to develop a Gino Wickman/Traction style organizational chart for a new multifamily business. Has anyone seen something like this or want to give a shot at those positions? Off the cuff:
-Acquisition
-PM
-Investor Relations
-Operations
-Bookkeeping/finances
-Legal
Thanks!
Most Popular Reply
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@Steven Kleppin, good thinking ahead! In most multifamily companies I've seen, the PM is a separate company, even if the owner(s) is (are) the same. That would be for asset protection reasons.
One precaution is that frequently people hire attorneys or accountants who are not CRE investors themselves so the advice given is not from the perspective of an investor. This is an important requirement, IMO.
Otherwise, you've got a good start on the basic functions and roles.