We are currently a husband and wife team who handle everything. We incorporated last year and have spend the past six months getting all of our systems in place. We are managing 50 properties, but would like to take our business to the next level.
We know that we will need some help, so we are asking those of you who have gone before us to share your expertise. Who do we hire first? An admin, or another property manager?
We would like to start by doubling our inventory, and then take off from there. We currently only manage single family residential style properties (singles, towns, condo, individual units in apartments) but no multi families.
If you have been down this road already, we would love to hear your successes and challenges. Please let me know if I have not included any important details.
We work in a Canadian market that has a population of roughly 900,000. There are several post-secondary institutions and lots of military and government which means frequent turnover of the population.