How do you account for the value of your time?

[Account Closed]

One thing I've noticed about comparisons of real estate strategies is that returns of very active forms of investing are often compared to very passive forms of investing as though the time invested does not have any monetary value. 

This seems contrary to the idea of running your real estate investing like a business. In a small business, the way to calculate the owner's TRUE profit is to subtract all costs, including a market-based salary for the owner, from revenue. (This approached is laid out very well in the business book Simple Numbers, Straight Talk, Big Profits!). 

The closest thing I've seen to this is real estate investing talk is the process of analyzing deals with a property management fee, even if you plan to do it yourself.

I'm very curious about whether or not anyone any part-time active real estate investors out there are paying salaries to themselves or family members (even if just on paper) and including that data in ROI calculations.