I built a local portfolio and team. How can I shift to remote management of 100+ properties? What team structure, visit schedule, protocols, and tax strategies worked for you?
I’ve experimented with tech and local reps to streamline remote management. What hybrid strategies have you tried? I’m curious about insights regarding decentralized teams and automation tools in your setup.
Based on my experience when transitioning from hands-on management, the key was relying on comprehensive training and clear performance metrics for my remote monitoring team. I worked closely to establish standardized protocols and used digital platforms that allowed me to keep track of property specifics without being physically present. Delegating authority and setting robust communication channels was essential. This approach not only maintained property standards but also allowed for scalable management as the portfolio grew over time, aligning well with my tax planning and operational strategies.
hey i’ve been shifting focus to digital alerts and relying on trusted managers on the ground. less visits and more remote updates via video and chats has really helped. no more micromanaging, just oversight when really needed.