How Much Time Does It Take To Manage Your Own Rental Properties? Story

How Much Time Does It Take To Manage Your Own Rental Properties?

Is it actually “passive income” if you manage your own rental properties? Of course not, but that doesn’t mean it’s necessarily a bad idea to do so.

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[{"selector":"#anim-598e8391-308e-4b78-97d1-d87e78c6caae","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2d7ac903-c0a3-45e1-9ca7-38c4d35c530a","keyframes":{"transform":["translate3d(0px, -99.4978%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] For some, managing real estate is a hobby or a second job, and there’s nothing wrong with that. Dr. Cory S. Fawcett managed dozens of units himself as a general surgeon, and he’s got lots of tips for those who’d like to do the same. Read More

How Much Time Does It Take To Manage Your Own Rental Properties?

Should You Manage Your Own Rental Properties?

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Some of those tasks include, but aren’t limited to: 1. Collecting rent 2. Advertising and marketing vacancies 3. Paying utilities 4. Paying vendors 5. Handling maintenance requests

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If it’s your full-time job and you have the time to dedicate to it, that’s one thing. However, if you’re a physician who is already stretched at work…well, imagine throwing this job on top of it.

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Do you have the expertise?

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Do you have that expertise? If not, or if you’d like more (never a bad idea), a good route is simply by reading books, articles, and hunting for other resources. And of course, experience is always a great teacher.

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Do you live close to the property?

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How Much Time Does It Take To Manage Your Own Rental Properties?

Is it actually “passive income” if you manage your own rental properties? Of course not, but that doesn’t mean it’s necessarily a bad idea to do so.

How Much Time Does It Take To Manage Your Own Rental Properties?

Should You Manage Your Own Rental Properties?

Some of those tasks include, but aren’t limited to: 1. Collecting rent 2. Advertising and marketing vacancies 3. Paying utilities 4. Paying vendors 5. Handling maintenance requests

If it’s your full-time job and you have the time to dedicate to it, that’s one thing. However, if you’re a physician who is already stretched at work…well, imagine throwing this job on top of it.

Do you have the time?

Do you have the expertise?

Do you have that expertise? If not, or if you’d like more (never a bad idea), a good route is simply by reading books, articles, and hunting for other resources. And of course, experience is always a great teacher.

Do you live close to the property?

SWIPE UP NOW TO READ MORE

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