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Updated over 7 years ago,
Daily routine for real estate investors/landlords
So, I've been in the Landlording/Investing business for 16+ years. I started with the purchase of a small, (16 unit) trailer park and have added a small mini storage unit, (1 building, 19 units) and 5 SFR's as well as an additional 10 mobile homes. Our gross revenue is 165k a year. I've done all this while maintaining a full time job working shift work.
I do have a property manager/maintenance man on board for the last 13+ years. Without him I'd of not been able to accomplish what I have.
Here is my dilemma. I want to continue to grow. I'm interested in multi family. But not at the expense of what we have already. I'm particularly interested in knowing what others in my same boat are doing on a daily basis. What is your routine? I have a bookkeeper that keeps my books, but how much do others turn over to your bookkeepers/accountant. Phone calls on my behalf? Setup accounts? Shop for Insurance? Etc? What numbers are you looking at on a regular basis? Occupancy rates, P&L statement, etc? Daily, Weekly, Monthly? I guess I'm trying to get more organized as I've been able to manage everything up to this point, doing what I am. But as I want to grow, I don't want to lose the handle on what I should be keeping an eye on. What's you're daily routine? Any and all feedback appreciated. Thanks
Brad