Landlording Burnout vs. Letting Go of Control

[Bruce N.]

I've been a landlord in college town for 10 years now with 5 different properties and do all the property management.  Additionally I'm super handy and can fix most any problem which makes my rentals that much more profitable.    I also do my yards every week and a half which puts me on the scene so I can see how the tenants treat the properties.  It also gives me a face to the tenants which seems to help with their attitude.

The thing is that I'm a little burned out but I keep reminding myself how fortunate I am to have my own business right now.  I've tried a couple of property managers in the past but they don't seem to get the job done.  Renting to college students must be done by April for the next year and their efforts have fallen short.

The easiest thing  to let go of would be to have a yard guy, but it would run about $800/month and I can do the yards in half a day.

Anyone else been through this and have pearls of wisdom?

Thanks!

[Adah N.]

@Bruce N. Which tasks do actually enjoy or like doing? Which ones do you dislike? Since you are feeling burnt out, hire someone to do the tasks you dislike, regardless of lower cash flow. Spend that time growing your portfolio, chasing after your dreams or starting another business.