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Who – Have We Hired the Right Property Manager | International Residential Real Estate Investors Association
Thursday June 29th 2017

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Who – Have We Hired the Right Property Manager

At the heart of many successful and unsuccessful multifamily investors is the apartment property manager we select.  And at the heart of this issue are really 4 broad issues:

How can we counter these issues is a critical investment success issue.

The key solutions are stronger internal hiring or outsourced management.

Who by Geoff Smart and Randy Street offer some good insights to answer this question.  Further, these same questions can be used to choose the right outsourced management company as well.  Evaluating how well the outsourcing company can meet these issues is paramount to success.

Keep in mind, this is a critical multifamily due diligence step as failure to have strong apartment management in place can cost 10s of thousands a month in revenue and staggering rental unit occupancy losses.  Hiring the right multifamily manager during the due diligence pre-closing stage of your investment is a critical success factor.

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