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Updated almost 6 years ago on . Most recent reply

User Stats

22
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Colin Merrill
  • Investor
  • Milwaukee, WI
22
Votes |
22
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Hiring first team members

Colin Merrill
  • Investor
  • Milwaukee, WI
Posted

Hey guys and gals,

I'm looking for some advice for my current "growing pains".  I currently have around 20 units that I own and manage while working a full time job and flipping a few houses.  My rentals net around $3000 per month after setting aside capex funds and taking care of all expenses.  I have some systems in place to take care of daily business but am running into a challenge with my time.  I hired someone very part time to help out with managing our few work orders but they aren't keeping their end of the bargain.  At this point I will probably have to let them go but I'm not sure if I want to hire a dispatcher again or if it should instead be a personal assistant or a handyman.  As you grew and hired your first employees how did you structure their positions and how would you do it now?

Most Popular Reply

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6,017
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5,059
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,059
Votes |
6,017
Posts
John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Colin Merrill have you considered just looking into management companies? It sounds like you are trying to re-invent the wheel. I am as suspicious as anyone of other people managing my properties, but there are definitely great managers out there. You should be able to find one in Milwaukee as well since it is a good sized city. 

  • John Warren
  • Loading replies...