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Updated about 8 years ago on .

User Stats

373
Posts
299
Votes
William Collins
  • Investor
  • Rocky Hill, CT
299
Votes |
373
Posts

Starting to scale a small multi family BRRRR based business

William Collins
  • Investor
  • Rocky Hill, CT
Posted

So as I am beginning to scale my business. From 2 small multi's in 2015, to 4 in 2016, to a goal of 8 in 2017 (2 acquired so far) What are the things you need to scale on your list?

So far I have:

Built a standard parts list and supplier list: windows, paints, flooring, cabinets, sinks.

Established a good primary realtor.

Made a standard of what I will do to distinguish my apartment units in the market.

Hired a property management to deal with the increased number of lease up's and tenant shake out (note- I have only had 1 tenant move).

Started using a documentation system for projects (Trello) and files (Google Drive).

Built a solid relationship with a commercial lending arm of a regional bank.

Areas to improve: 

Marketing- I have been MLS primary for my deals focusing on heavy rehab needed C class buildings

Website- slacked on totally

Attending network events-  in the 2 years only made it to 4 I think.

  • William Collins