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Updated over 2 years ago on . Most recent reply

User Stats

96
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68
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Steven Kleppin
  • Rental Property Investor
  • Manama, Bahrain
68
Votes |
96
Posts

Work Roles for new Multifamily Business

Steven Kleppin
  • Rental Property Investor
  • Manama, Bahrain
Posted

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

User Stats

199
Posts
266
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E. C. "Stony" Stonebraker
  • Rental Property Investor
  • Coral Gables, FL
266
Votes |
199
Posts
E. C. "Stony" Stonebraker
  • Rental Property Investor
  • Coral Gables, FL
Replied

@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.  

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