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Updated over 2 years ago,

User Stats

12
Posts
5
Votes
Bruce N.
  • Investor
  • Chico, CA
5
Votes |
12
Posts

Landlording Burnout vs. Letting Go of Control

Bruce N.
  • Investor
  • Chico, CA
Posted

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!

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