One of the more common questions that I have been receiving lately from investors, is about how we are managing the growth that we have seen over the last several years.
I don’t fault them for asking the question as it totally makes sense. It is a question that should arise when you are investing 6-, 7-, and even 8-figures into our investment offerings.
Partners’ Decision Years Ago
Years ago, when we started PassiveInvesting.com, Danny, Brandon, and myself, sat down and laid out the plan for our strategic growth and how we would be able to make sure to grow our team to protect your investment.
As you already know, we collect an asset management fee from each asset that we acquire. Many of you probably have wondered what this fee pays for and why we charge the fee. This fee is on top of the property management fee which our third-party property management company pays to manage the on-site team including the manager, leasing agents, and maintenance team.
The consensus from the managing partners, was to always use the asset management fees to grow our internal team. The partners do not take home and put into our pockets this asset management fee.
Paying for Additional Team Members
We knew that to continue to protect your investment as we grew that we would need to hire on additional team members. The best way for us to do this was to use the asset management fees that allow us to increase our PassiveInvesting.com, LLC revenues so we could hire additional people in a variety of strategic roles.
To date, we currently have 24 full-time team members that work directly for PassiveInvesting.com and have strategic roles to work together as a cohesive team to monitor and protect your investing dollars.
Business Experience at its Finest
In a recent article that I wrote about the seven red flags for passive real estate investing (click here to read the article), I mentioned how it is important to have someone on the team with a successful background in business. This is a prime example of that prior business experience on how to grow and scale that goes a long way.
My wife and I own 4 non-surgical, orthopedic medical clinics that we started from scratch back in 2011. We have 39 full time employees in this group spread across the state of South Carolina. We learn a lot of things about scaling and growing while building out this business.
We have successfully put together a solid team that allows that business to run on autopilot for the most part. We spend about 1-2 hours a month in a corporate director’s meeting and that’s it. The team that we put together runs the day-to-day operations.
Continued Growth Into 2022
Moving into 2022, we already know the additional people that we need to hire to continue to monitor and protect your investment to continue to find assets to offer to you for additional investments.
