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Updated over 1 year ago, 04/01/2023
How to manage if have more than 5 properties?
Hi guys, I have 5 properties and I am struggling to manage them. I do have a full time job and a family but besides that, its only 5 properties. By managing I mean paying utilities when the tenant moves out, getting a new tenant in, paying mortgages , keeping track of expenses for taxes and which mortgage company sold which mortgage to who and registering on the new companies website so I could pay the monthly mortgage...
I know a full time job does take a lot of my time. But I dont have many properties either.
How do people deal with 100-200 properties?
May be they have bookkeepers? Or their accountants are paying mortgages for them?
But you have to trust those people. You hear so many stories about athletes who trusted someone but those people scammed them out of their money...
I would love to expand but not sure how if I am already struggling with only 5 properties...