Time and stress analysis

[Morgan Wells]

Hello, I am a young professional and my job is high paying but very stressful. As such, I'm hesitant to invest in anything that takes time/energy. However, looking at the current investment landscape, traditional options appear pretty limited. The stock market rally is pretty long in the tooth, bonds are yielding next to nothing, and commodity speculation isn't appealing to me.

Due to this, I am considering purchasing my first investment property to rent out. I'm primarily looking to store and grow wealth, not necessarily yield income. Also, I am considering real estate because it is a great shield from the tax man.

Before taking the plunge, my one biggest, biggest concern is the stress/hassle. For those of you who have day jobs and kids, how much time does it take to manage one property? Even if one hires a property manager, does it still take up a significant amount of your personal time?

Thank you in advance for your replies and advice,

[John Moore]

Welcome to the BP family. I don't believe this is a stress free business. It is difficult to get everyone on the same page as you are on. When you hire sub contractors they don't have the same motivation as you have nor do the have the same rewards. I've heard for years no pain no gain; I believe that all jogs have a degree of stress since there are so many variables to contend with you need to be as I say like a rubber ball the harder you get knocked down the higher you bounce up. This business is full of surprises and instead of playing the blame game confront the problem and correct it. Don't be afraid to replace the players and let them know about the high standards you expect and that should reduce some of the problems. Food for thought.