Managing our own property

[Isaac Joseph]

Looking to build a team to manage our apartment complex in Dallas remotely.  Any recommendation on building a team, accounting, etc and how to do this?

[Engelo Rumora]

Quote from @Isaac Joseph:

Looking to build a team to manage our apartment complex in Dallas remotely.  Any recommendation on building a team, accounting, etc and how to do this?

Hi Isaac,

Personally, I wouldn't recommend this.

You should focus on growing your portfolio as in "finding the next deal, getting access to cheap capital, finding partners, strategy planning, tax minimization, etc..."

The old saying "Focus on the business and don't be in the business".

Find a trustworthy PM (Easier said than done) and let them manage for you.

"Systemize, optimize and monetize" your real estate endeavors.

Don't trip over the pennies to pick up dollars.

Finding and handing over to a trustworthy PM is worth the cost.

Investing in real estate shouldn't be about getting yourself into another job.

We manage 400 units and I can tell you it's like having 10 jobs lol

Much success