People you know with very large property portfolio's.

[markw1]

Who do you know who has large residential property portfolios (ie $15+ million)?

Personally I don't actually know of anyone with that size but would be interested in hearing of anyone that has.

[tpr2]

Robert Jones

[muppet]

What about Olly?

[donna]

I think Rob Jones' $$ is in Commercial Property.

Isn't Sean Wood the $15 million dollar man?


Cheers,

Donna

[muppet]

How much has PJ got?

And don't forget Byers.

[tpr2]

doh I missed the residential bit.

Bobs out.

Craig Gore....doh...nup he went bankrupt this year

Robert Badalotti...doh no he went head over heels this year as well.

Michael Kollosche.... he still has

Ken Lacey... he still has

That's all I can think of left.

[spurner]

$15m of residential property.... sounds like a management nightmare!

I think most people start getting into commercial/industrial/retail when their portfolio gets into 8 figures.

[evie]

$15m of residential property.... sounds like a management nightmare!

Cant help but laugh!! :P
*Imagine if all the tenants left at the same time?????

[Re@der]

At 300k each approx. 50 tenancies. About right for a full time property manager?

[tpr2]

Jan Somers

[CJ]

At 300k each approx. 50 tenancies. About right for a full time property manager?

$15m at say 8% net yeild = 1.2m
$1.2m @ 8% management fee = $96k

Some costs involved but that would be a very good salary (or saving to the investor).

[Keys]

$15m at say 8% net yeild = 1.2m
$1.2m @ 8% management fee = $96k

Some costs involved but that would be a very good salary (or saving to the investor).

"Some" costs?

[CJ]

Mileage, baycorp, computer, office (they could do it from home?) etc but you could probably offer a very tempting salary and still save money by doing it inhouse.

[Dean@Massiveaction]

I've got 50 tenants. Do it myself?? You must be joking!!

[Monkeyboy]

I've got 50 tenants. Do it myself?? You must be joking!!

I think CJ was meaning employ someone to do it on your behalf. Do you do this Dean? Or do you have numerous property managers?