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| When to hire a PM 1 reply 2 voices |
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Tara Platell
on Aug 20, 2012 12:46pm
Property Manager TaraGrove Realty Loganholme Queensland |
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Hi All I was just wondering when principals decided to hire a PM. I started this company 2.5 years ago and do everything on my own. I started from scratch and have built the rent roll up but now I am so bogged down with day to day things that I have zero time for new business opportunities. When you did hire a PM did you find it easier?
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Ian Morrison
on Aug 20, 2012 2:30pm
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Well done Tara, congratulations on success so far. Same for me @ 20 years ago, and I finally bit the ‘hiring’ bullet when I found, like you, that I had lost my new business time. Start by doing a quick review of your numbers, and make sure a full OR part timer is affordable. Based on that, you can consider trainee or competent second to come on board. Things will of course become easier in one sense.. less day to day routine chores, like typing, report prep., general admin etc, but what will also happen is that you will spend time working with the newbie to overview or train to your specific way of managing a rent roll. So it’s a bit of a trade off, but done right can be very good for your business. Good luck with it. Regards Ian Morrison |
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