Focus on growth or profitability?

[Jonathan Bombaci]

We’ve been in heavy growth mode for the last 2 years but are rapidly approaching 200+ units over 20 something buildings. At what point do you switch over from growing the portfolio to focusing on maximizing profit from the existing portfolio? Is it when you run out if money or when you stop finding good deals? Or something else? 

We do actively manage our current portfolio and increase rents/monitor expenses but there are only so many hours in the day. My focus has been growth oriented but I think we’re starting to hit a tipping point. I’ll be interested in hearing other peoples thoughts on this. 

Best,

Jon