Trying to decide between two opportunities: One manufacturing account at $12,000/month bills, or a property management company with 12 small commercial tenants averaging $1,800/month each. Both seem to have good potential for errors. Which direction would you veterans go?
Multiple small accounts vs. one big one - profitability question
Darlene, both have merit but I'd lean toward the manufacturing account. One client relationship, one contract, one set of bills to analyze. The property management deal could be great if you find systemic issues across multiple tenants, but it's also 12 times the client management headache. What's your bandwidth like?
Randy's got a point about client management. But I've had great success with multi-tenant deals because you often find the same errors repeated across accounts. If the property manager is engaged and can facilitate access to all the accounts, it might be more profitable in the long run.