Several Growth Questions

[Brad Mooney]

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

[Carolyn Morales]

We don't quite have as many as you but are trying to decide whether to pay off more or scale up. We both work full time as well. I have shifted my research into LANDS AVAILABLE lists post tax deed auction. For COUNTIES that have online tax deed auctions exclusively,  Their Lands Available list post auction seems to grow larger. It is because the whole world has access to online tax deed auctions and often the realtaxdeed.com website will show properties as, "SOLD" or "Certificate Holder Win" ..but something falls through where either the certificate holder win is not local and forfeits the win or out of state bidder wins the tax deed auction and walks away or simply something goes wrong and the transaction is not completed. These properties go to a ,LANDS AVAILABLE LIST ,post auction and you can buy these properties for base taxes directly over the counter from the tax deeds offices. Most people think there is nothing good on these lists but it is becoming my favorite thing to pursue.  Duval County has almost 700 properties on Lands Available...We made a great purchase from it and are working another one. The Counties rhat still have tax deed sales live at the court house have smaller Lands Available lists.. Flagler has 5 currently but 1 of them is 67 commercial acres on HOSPITAL RD for a $1.28 Million tax bill...I mean, What are the possibilities? 

So, I said all that to say the better deal you buy, perhaps the more you can afford to deligate out.