How do I build a team?

[Elena Scott]

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.

[Charles Carillo]

@Elena Scott

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.