What would be a ballpark amount of square footage do you think two brokers could property manage.
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[{"id": "e86kid4", "text": "Depends on your back office setup. \n\nI\u2019ve seen small shops handle over 1m sq feet of NNN retail in a reasonable geographic area. Office I\u2019m expecting more issues so maybe 400-700k sq feet?\n\n", "replies": [], "depth": 1}, {"id": "e86o0rs", "text": "Tell your broker to pay you more or you will leave. Property management keeps the lights on but not much more than that. You can grow the property management business but why? You are a brokerage company be good at that instead of messing around with stuff outside your wheelhouse.\n\nMany brokers will manage parks or handle the in house leasing but if people are expecting you to manage cleaning the glass and cutting the grass, not worth your time. Property managers are very nice, very poor people unless you are at the top ", "replies": [{"id": "e86qxd1", "text": "I see where you are coming from, I\u2019m young recently out of college. My operating expenses are low, just saying I\u2019d be in a better position making another 7-10k until I close some larger deals. Brokerage is a long game job, the way I see it is management is a way to make some consistent checks for a small margin of my time. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "e874tz5", "text": "Charge a 5% asset management fee and then outsource it to a property management firm for 3% or 3.5%. ", "replies": [], "depth": 1}, {"id": "e87o5cg", "text": "SF isn't the primary metric of importance. Number of tenants, how frequent the turnover, what software do you use play a HUGE role.", "replies": [], "depth": 1}]