How many property have you managed without PM?

Question

Judy Morrissey · Answer

I managed 75 properties for three years and became bored in the third year after all renovations and no pays were resolved. I worked for one owner and had two maintenance men at about 30 hours per week. There were about 20 apartments in 2 multi-family units, about 10 duplexes 6 offices spaces and about 20 single family homes. With systems and organization, you could easily manage 100. I rarely had more than 1-2 vacant at the same time. Good luck to you.

Neil Goradia · Answer

My partner and I had 30 units we managed ourselves, and that was about all we could handle. However, I know someone that manages 175 units between her and her partner, and is fine with it. The difference is the automation in place and software they use. If you can automate everything from screening, to showings, to maintenance requests and rent payments you will be much better off.

Rick Bassett · Answer

25 Single family homes, condos and an office building.  Interested in purchasing (or trading some of these properties) for a small apartment building of 12-24 doors.

Gail K. · Answer

16 Single family homes.  Not interested in purchasing more.

Gail

Roger S. · Answer

We have 10.  I do all the rehab, repairs and maintenance, along with my full time job, my wife takes care of showing s, paperwork and rent collection.  We like to travel and have a list of vendors we trust that can handle issues that arise when we are gone.

Bettina F. · Answer

6 unit multiplex.  Easy, peasy.  Could easily do triple that.  We bought a run down, fully occupied building.  As the units have turned over , we did major renovations.   The workload is  full-tilt, 150% during renovations vs 4 hours a week -lawn moving and book keeping when full.  We are three years into owning this building.  The first year was hard work.  Since we are mostly renovated, we rarely get maintenance calls.   We screen very well, our tenants abide by their contracts, and things run smoothly.  It helps that we are hands on and visible to our tenants.    I think the "number to manage" would depend on the age and condition of the buildings.   Multiplex is easier than SFH.

Johann Jells · Answer

I manage and super 3 properties with 13 apts including my own, plus renting 5 parking spots.

How many property have you managed without PM?

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