Hi looking for opinions/recommendations on how many units a regional manager should oversee? Is there a rule of thumb? How big should their portfolio be? TIA
For RMs managing larger assets, such as 500+ units, it's not unusual to have 2500-3k units or more. Size really does matter, so to speak. I feel like it comes down to number of sites and teams to manage rather than units.
There are many variables, but in most of the companies I have worked for ranged from 800 to 1400, the location, type of community, company policies, structure and approval levels, owned or fee managed, too many variable to be precise.