adding your first employee? when?

[Michael Sherwood]

My partner and I both work 40-50 hr a week jobs and we currently have 20 rental units (5 properties) right now we seem to be able to handle 20 sets of tenants( my partner does) I mostly fix stuff and work with the contractors.

My first question is when do you hire your first employee? how many sets of tenants/units/houses?

Do you first hire them on a part time basis?

Should you hire someone or just hire a contractor? ( for fixing)

right now our business is only rentals we don't do any flips.

any advice would be great.

Mike

[David Niles]

Hi Mike, great to see another Buffalonian here! The problem with a part time employee in this field is, your work is part time for them too and may not meet up with your needs when you need them.

I would analyze exactly what part is eating up the most of your time and go from there.
Have you guys thought about hiring property management?