300 unit portfolio - financial metrics and standards?

Question

Hello all!

I have a portfolio of around 150 SFH and 150 multi units. We are going through a period of some hard looks at our financial performance and I'm attempting to find other similarly placed landlords to determine some rough industry metrics on capex, R&M, payroll, etc for this size.

Does anyone have any good resources for this? Portfolios and properties for sale never seem to share real numbers. Smaller portfolios don't necessarily have the overhead that we would have so it's difficult to compare there.

Shafi Noss · Answer

One of my business partners had a portfolio like this much of which is sold off now. I can't imagine the portfolio would perform similarly to yours since they are probably in different markets with different cashflow/appreciation ratios, etc.

I think another thing clouding the data here is synergies between the portfolio itself and real estate services such as being a broker, management, lending, contracting repairs. Many people with large portfolios are synergizing these skillsets which changes the overall returns and the like.

Not saying it's not useful to do but I think these are the major clouds between a side by side comparison.

Nathan Gesner · Answer

I agree with Steve. Bounce around the forums and you'll come across some large-scale investors that can help with your question. @Paul Moore probably has some ideas.

Steve Vaughan · Answer

Wowza. Quite the portfolio you have.

Other 'similarly placed landlords ' may be in the commercial and multifamily, syndication forums.

This general landlording forum is for small tenant issues mostly.

300 unit portfolio - financial metrics and standards?

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