Working full-time AND Being a landlord?

[Account Closed]

Hey BP community, got something on my mind. When I first got my property, I decided to let it be managed by the on-site PM company (who is also the HOA, is that common?) Anyway, I had a horrible experience - horrible tenants who completely trashed the place in a year (so badly that I had to put new carpets in AGAIN, after they had been put in the year before) and didn't even have security deposits so the money they owed in back rent and on all the damage they caused.. is still owed to me today. After that, I decided to manage the property myself and it's gone pretty well. However, next year (I'm in school) I hope to find a full-time job, and I don't know if I'll have time to manage it myself - I will if things go well, but honestly I think I'd just rather not have the headache. But I'm sure as heck not going back to that PM company that I used previously. I'm just wondering how many of you are out there, that work full-time (40+ hours a week) and still manage your own units. I only own one right now, but I'm definitely looking to acquire more as the opportunities come along.

Thanks!

[John Chapman]

I think you'll find there are alot on BP who work full time and manage their own properties. I work full time (usually at least 50-60 hours/week) and manage all of mine with very little effort. That's not to say there isn't some initial time put in up front, but once you get your system down it's really easy. I think most would agree that acquisition and rehab is the most time-consuming part of this business. Landlording is a breeze comparatively.