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Updated over 10 years ago on . Most recent reply

User Stats

137
Posts
39
Votes
Chance Cooper
  • Real Estate Investor
  • Raeford, NC
39
Votes |
137
Posts

Multiple rental property owners question

Chance Cooper
  • Real Estate Investor
  • Raeford, NC
Posted

If you own more than one rental property could you elaborate on how much time you actually manage your properties outside of your primary job? My ultimate goal is to one day acquire 10 rental homes, currently I own one rental and I live in my primary owned residence. I am very curious as to how busy I would be owning multiple houses. The one rental that I have now I have no issues and never hear or have any problems from my tenants. When I do my walk throughs every 90 days everything is great.

It can't be this easy owning multiple homes. Please tell me your experiences if you own multiple homes. 

Most Popular Reply

User Stats

69
Posts
17
Votes
Adam Kent
  • Investor
  • Indianapolis, IN
17
Votes |
69
Posts
Adam Kent
  • Investor
  • Indianapolis, IN
Replied

Chance, as you scale your business things will be getting tougher to manage. The fact is you might not have enough time to manage all 10 once you get there.  I am a buy and hold investor and the best thing I have done to help manage my properties is my tenant screening process.  Make sure you have a good screening process in place.  One thing I started doing is going to your potential tenants current residence. It can give you some insight on how they currently live.

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