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- What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
Topic Author
Chase Banta
- Thank you received: 0
2 years 7 months ago #59700
by Chase Banta
What is the minimum number of doors that will financially sustain a full time property manager and maintenance person? was created by Chase Banta
In your experience, what is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
Sarah Trefz Watson
2 years 7 months ago #59701
by Sarah Trefz Watson
Replied by Sarah Trefz Watson
on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
60'ish perhaps
Stacey Pichette
2 years 7 months ago #59702
by Stacey Pichette
Replied by Stacey Pichette on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
100 units
Laura Ambre Jordan
2 years 7 months ago #59703
by Laura Ambre Jordan
Replied by Laura Ambre Jordan on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
Ours is 1 maintenance and one office person to each 100 units
Greg N Caela Mitchell
2 years 7 months ago - 2 years 7 months ago #59704
by Greg N Caela Mitchell
Replied by Greg N Caela Mitchell on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
A lot of factors to be considered. Old rule of thumb is 100….but I’m not a fan of the one size fits all properties theory!!!
To add the more amenities the more maintenance you need. I like a 60-75 idea better!
To add the more amenities the more maintenance you need. I like a 60-75 idea better!
Peggy Lannery Crowley
2 years 7 months ago #59705
by Peggy Lannery Crowley
Replied by Peggy Lannery Crowley on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
I agree. Depends on the age, condition and busy-ness of the property. We have 425 units, we have 5 in maintenance- could always use more. Our office, we could use 5. We have had 4 or less. It’s grand central station.
Gerry Hunt
2 years 7 months ago #59706
by Gerry Hunt
Replied by Gerry Hunt on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
Depends on the income (RENT) and expenses that will be incurred!
Jennifer Hall
2 years 7 months ago #59707
by Jennifer Hall
Replied by Jennifer Hall on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
I would say 60. Residents pay a lot of money and deserve the customer service.
Mike Powers
2 years 7 months ago #59708
by Mike Powers
Replied by Mike Powers on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
A full time PM costs minimum $80k with typical benefits. Larger community $120k
Maintenance leader is at least $80k with healthcare plus plus benefits in metro areas.
How will they add $150k of value back to community ?
Maintenance leader is at least $80k with healthcare plus plus benefits in metro areas.
How will they add $150k of value back to community ?
Rochelle Kirk
2 years 7 months ago #59709
by Rochelle Kirk
Replied by Rochelle Kirk
on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
It depends on other factors, but depending on the type of property, age, and class I would say anywhere from 60-100 doors for a full time
Amy M Baker
2 years 7 months ago #59710
by Amy M Baker
Replied by Amy M Baker on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
I had a tax credit property with 88 units. Full time GM, part-time/shared MS and part-time Porter. Worked great!
Douglass Benson
2 years 7 months ago #59711
by Douglass Benson
Replied by Douglass Benson on topic What is the minimum number of doors that will financially sustain a full time property manager and maintenance person?
We own and operate 83 units, 8 of them STR's and we do it with no employees, just my wife and I. Sure we hire people to paint, install floors, etc., but we do everything else ourselves.