Updated almost 9 years ago on . Most recent reply
Diversify property management?
When managing a portfolio in the same geographic area I have heard of 2 strategies.
1. Split properties between 2 property managers to diversify risk of one failing/going out of business, more exit strategies if one isn't performing, compete the 2 firms against each other etc.
Or
2. Concentrate management under one property manager to potentially get better rates, better service, more attention, better economies of scale.
Which strategy is best? Discuss.
Most Popular Reply
@Mindy Jensen It sounds like your a fan of strategy 2. I heard on a recent podcast someone said they had 2 PMs and it worked out well. Currently structuring my PM team so figured I would ask.