Fractional CFO and HR for Growing Property Management Companies

The discussion revolves around defining the role of a CFO in a property management company and the benefits of hiring a fractional CFO and HR as the company grows. Highlights: 💼 Stan emphasizes the importance of having a skilled team to support various functions, such as treasury, corporate accounting, property accounting, and financial planning and analysis (FP&A). 💸 The decision to hire a fractional CFO depends on the company’s size and capabilities, with a cautious approach to avoid overhiring and overspending. 🤝 Fractional HR may be kept in-house initially to gain valuable hiring experience, but professional help is needed as the company grows to handle healthcare and other HR functions. 📈 Industry knowledge is not overly important for a fractional CFO, as they can quickly adapt and leverage their diverse experience to provide valuable insights applicable to various businesses. 🏡 Some understanding of real estate and property management is beneficial for a fractional CFO due to the unique aspects of the industry. View the complete webinar at: https://www.youtube.com/watch?v=8JhY_54Sh4A View our complete archive of webinars for property managers at: Evernest.co/webinar