Scaling up portfolio - managing managers

[Satya Nagarajan]

Hey everyone, I currently own 6 units in two different cities.  Even with only 6 units, I am having to do quite a lot of "managing the manager". Of course, I don't mind communicating with the manager on major items, but I wish I didn't have to be so hands on with the relatively minor issues. I have goals of scaling up to 20 or 30 units over the next few years, but I don't see how that's realistic with this amount of direct involvement with the PM. This seems to be the case with any PM I have worked with. I don't plan on being a full time investor any time soon. Has anyone had a similar experience? I'm wondering if this is related to the quality of PM or if this is just the nature of the beast as my portfolio gets bigger.