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Michael Chirico
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how to grow a management business

Michael Chirico
Posted May 16 2022, 08:30

hey, looking for some advice/steps for a new management company to take/implement to grow the number of doors under management.

Right now I self manage my portfolio in Westchester County, 10 doors active (a 5 unit with an illegal apt and a 4 family), 4 in contract (3 family with an attic apt), and 12 doors going through renovations (2- 4 fams that I'm adding a 3rd floor and 2 addition units to each). I would like to offer property management to others. I am a licensed salesperson and can manage under my broker. How would you recommend marketing? I'm looking to manage with a flat rate % depending on the number of doors and handle repairs and renovations by charging a GC 15% fee on repairs/construction.  Use the systems of how I self manage with my team of subs to handle repairs/issues, turnover, and if wanted renovations.

Thanks in advance for your input

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