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Updated almost 9 years ago on . Most recent reply
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Self Managing
I am brand new to real estate investing (I don't even have a property yet!). I would really like to self manage to save money, and I think I have the ability to. My father and I can take care of plumbing and electrical issues, but I'm also considering things like mowing the lawn and even snow removal as I live in upstate New York (about a half hour north of Albany, just to give some perspective). What happens when I have 5-10 properties one day? Am I spending my time mowing 5-10 lawns every week? And when it snows...should I be considering a plow for my truck? How do you all handle these situations? Do you hire a lawn care company in the summer and have people bid on a plowing contract in the winter? I just want to know what to expect once I become a landlord.
Thank you!
Most Popular Reply
Agreed with @Christopher Oliver.
One way to avoid having to plow and mow the lawn is to purchase a single family (assuming the numbers work in your market) and make the tenant responsible for those tasks.