3,416,038
I did both, once upon a time i had a full time mainteance man, but now without enough steady work, i hire out to those who are trusted to do the work, charge the correct and fair amount and do a good job
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
1,712,876
We added at 100 rentals and will hire a second at 180, and will add more as we hit 300. We do use private contractors we have set up for maintenance.
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
4,272,984
My Property Management Company that I use has three employees and a husband and wife that are management. They do use different vendors and handyman...
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
2,785,456
Outsoruce on maintenance unless you get very big. Hire when you are putting in long hours and multi-tasking and not before. Math governs all
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
3,988,013
I am going to weigh in on this topic. When I opened my own company, the receptionist and I handled the property management side for about a year. As it grew it was a time sucker and took me away from other broker duties and I had to hire a full time property manager. We never had in-house maintenance but think that is a great revenue stream and a good fit.
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
5,245,501
Always had a property manager and added as the volume increased. Used outside maintenance for the volume we handled.
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Nina Hollander, Broker
Charlotte, NC
1,554,939
I've never grown big enough to warrant it. I outsource all my needs as they are random and I manage the business.
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Nina Hollander, Broker
Charlotte, NC
3,986,308
2,684,769
I know a manager who runs student apartment complexes (FSU) that incur a lot of damage. She has a guy on staff. I know another manager who does quads and single families for investors; she hires vendors and handymen, and bills it to the owner.
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Nina Hollander, Broker
Charlotte, NC
1,231,853
Delegate as needed keeping bottom line at forefront. Good luck
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Debe Maxwell, CRS
Charlotte, NC
2,195,399
5,879,696
5,773,261
991,752
I no longer do rental mgmt but when I did I outsourced everything - having paid employees standing around doing nothing just bothers my wallet... a lot!
3,350,589
I applaud anyone and everyone who does property management. I handled unlawful detainers back in the day when I worked as a paralegal. That was enough for me.
5,583,328
the only properties I've managed were my own.... all 23 units and I've sold off all except one single family home that I use for family ONLY....
971,183
In 2004, I was faced with a decision. I chose to sell off several units and stay small.
4,800,132
When you can no longer handle the business you have, it's time to hire or outsource.
1,617,916
I will hire an assistant once I hit 200 units. I outsource all maintenance but will bring inhouse once I hit 400 units.
7,870,977
I began with a full time employee. When I opened my first office, I used part time fire fighters as my maintenance people.
It is more efficient to manage apartment communities with over 100 units so you can justify on site personnel.
1,728,767
When we did property management, I was completely hands-on, since I felt that others did not possess the invertment in each project that I had. Hope this helps!
3,071,589
5,116,528
4,319,873
Christine Kankowski Temecula & San Diego - A year prior to the time when we feel that we can not handle the current workload.
6,424,873
I think that I had employees within a few months of starting the business back in the 80's, pt at first then full time later.