Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago, 04/13/2018

User Stats

12
Posts
7
Votes
Kyle Ferguson
  • Fords, NJ
7
Votes |
12
Posts

How do you implement systems in your business?

Kyle Ferguson
  • Fords, NJ
Posted
Hi All, I’m not an investor yet, but I’m hoping to be one soon. I’ve been studying for months now and one question continually pops into my head: How do you implement effective business management systems in order to develop a self-sustaining enterprise (specifically property management)? I hear a lot of people say: “I self-manage all of my properties”...However isn’t that slightly deceiving considering that person has 300+ units? There is no way they are personally managing all 300...Does that mean they personally hire managers to work within their “company” (essentially running an investment AND management company)? I’m curious how many of you do this in order to save time without losing a percentage of your monthly cash flow to management companies. One of my favorite multi-family investors, Rod Khleif, often discusses how it is the same amount of work managing 3 units as it is to manage 300. So how so you guys make this work? I have to think more units=more infrastructure. What are your business operations/property management strategies?

Loading replies...