Advice for building in-house team.

[Rich Davis]

Like many investors, I've reached critical mass (50 doors) with what I can manage myself (plus one girl PM help).  If I wish to continue adding properties/units, I have to make some choices. 

1. I can sub out all the PM activities, leaving the "business" to me.  Problem is I've tried a few PM's and I'm just not satisfied with any of them.

2. I can build my own team. This appeals much more to me for two reasons. Firstly I can mold the team to operate to my standards vs. the way the PM wants. And secondly, I just don't like not having my hands on the wheel.

So, with that said, who has built a in-house team? Where did you start? What functions did you hire, or sub out? Who did you hire first? Salary vs. commission pay? What mistakes did you make? What am I overlooking? What was your geographical spread? And the fifty questions I'm not even thinking of?

Thank You in advance!

[Andrew Bosco]

Hey there. A few of us work in that area of Maine. Talent can be tough up there. Go to meetups, post on Indeed, go to HD in the early hours, etc. That's how I've done it in the past. i try to offer a base salary with incentives uncapped. It just depends how expansive you want to go. Try to stick to under an hours drive per team.