Someone Please Help Me!
Greetings, I am a landlord of 3 multi-family homes (9 Tenants). I am looking to invest more creatively but I find myself working day and nights, weekdays and weekends, and any other spare time I have on these properties. If I am having a hard time keeping up with these properties, how can I expect any others. The ones I have are not in bad shape, however, there is always something to do! I work very hard and I am not looking for an easy way out, but I can not realistically purchase more property and expect to have time to invest. Is there anything you can advise me to do in order for me to make more time for myself to purchase more properties. Thanks. Sincerely, a worn out landlord.
It sounds like it may be time to look into hiring a property manager. In my area they usually charge between 8-10% of rents collected.
If you consider this I reccommend that you get someone who is highly reccomended by other investors in your area.
-Adam
-Adam
Thanks for the reply, however, that can be kinda hard for me since my cash flow isnt that great and I need every penny of it to survive. I will shop around anyways to see what they have to offer. Thanks
Perhaps it is time to sell one of those properties, reduce your overhead and relieve some of your stress.
Concentrate on improving your cash flow, so you won't "need every penny of it to survive".