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Updated over 8 years ago,

User Stats

143
Posts
36
Votes
Justin Escajeda
  • Contractor
  • Pittsburgh, PA
36
Votes |
143
Posts

I SPEND HALF A MONTH COLLECTING RENT!

Justin Escajeda
  • Contractor
  • Pittsburgh, PA
Posted

Hello Community, Im looking for advice.  I currently am burning the candle at both ends, running around so much and in turn, loosing efficiency in my rental business.  I currently have 18 doors (rented), 30-35 storage unit doors (rented), and a masonry company.  I just picked up my most current tenant for a 3br yesterday.  It is the 13th and still have 4 tenants to collect from and idk how many storage tenants to collect (I think like 8 units). 

I am looking for advice, I know Im doing things I shouldn't be doing.  Im not staying on top of late tenants with notices and multiple phone calls, Im making deals with tenants about when they can pay, have become more friendly with a few, etc.  Bottom line is I am breaking my own rules due to having too many doors to self manage.  I know theyre taking advantage of me, but based on whats going on, I put things in order of importance, and the rentals fall by the wayside at times.

I took the next step in interviewing with a secretary/ accounts manager.  She has over 20yrs experience, and wants $13/hr.  I have 10 in a concentrated area, that I think I am going to turn over to her. 

Since Ive never hired someone like this before, what objectives should I strive to her?  What should I look out for, should I have her be constantly calling late tenants and not just letters?  Thanks, Im stressed..   

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