Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

How do I build a team?
My husband and I own 21 units and have been managing everything ourselves up until now. We would like to scale to 100+ (Using BRRR) but realize we need to build a team of people to help us, but don't know where to start with hiring and who to hire. My husband does about 80% of the renovation work himself because quality labor is incredibly expensive and hard to come by in our area. So hiring out for labor seems like a non-option right now. Rent collection, paperwork, and finances is my genius so it seems like that is also a non-option. So far we have an accountant who handles payroll and taxes and a part time handyman. Who was your most important hire in order to scale? Any input is most appreciated.
Most Popular Reply

You guys seem to have your own areas that you specialize in but, if you want to scale you will need to give up some control. I would hire a bookkeeper, and possibly change that part-time handyman into a full-time one. Make a list of tasks you consistently do (daily, weekly, monthly), and outsource them. You both can still utilize your skills to review work done and review financials but, I would really focus on finding deals, that should be your best ROI.
I self-managed my properties for 6 years before taking my own advice, and I wish I would have done it earlier on.