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Updated over 3 years ago,
- Rental Property Investor
- College Station, TX
- 939
- Votes |
- 901
- Posts
Based on episode 474: Are you doing too much?
I feel overwhelmed at times and I'm wondering if I cut back, outsource tasks or simply improve my systems. What are your thoughts?
Right now I...
1. Work a 40hr W2 as a property manager
2. Work part-time as a Realtor with KW. Averaging 1 sale every 1-2 months
3. Manage my personal portfolio of 18 units (with the help of my wife)
4. Manage the rehab on recent 4-plex purchases; usually, 1-2 rehabs going at once where we're doing basic cosmetic upgrades. This usually involves me jumping in between contractors to knock out a few punch list items.
My goal has been to grow my Realtor business till I'm averaging 1x 250k sale a month, take on a small multifamily acquisition of 10-50 units, continue to work my 9-5 where I have access to a great mentor and learn how the pro's manage 700+ units.
I've asked non-real estate people but they all think anything beyond a decent 9-5 is too much. I figure this community would be able to give me some solid feedback.
Lastly, how many hats do you currently wear? When and how did you determine to hire or cut back?
- Gregory Schwartz