Property Management - Self-Manage

[Justin Wallman]

Hoping those of you who self-manage can lay out your current business structure as it pertains to operations. How many people do you employee, how many PM’s do you have, etc…. I think we may experiencing some growing pains and I’m uncertain about how many people we need to hire. What are the ratios to PM’s to tenants/homes?

Currently, my wife is the only person who manages all 160 units/tenants. We employ 2 maintenance guys that are basically dispatched every day. We find it difficult for them to handle any “bigger” projects as it will really bog us down. This also applies to her to keeping up with tenant turnover and the crazy amount of steps that is required on a day-to-day basis.

I thought having something in the lease that mentions a certain dollar before we will send the guys out. Just a thought…

Thanks!