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Updated over 9 years ago on . Most recent reply

User Stats

65
Posts
17
Votes
Benjamin Allen
  • Rental Property Investor
  • Geneva, NY
17
Votes |
65
Posts

At what point could you step away?

Benjamin Allen
  • Rental Property Investor
  • Geneva, NY
Posted

Hi I'm curious, I currently have 3 units each "cash flowing" around 219 dollars a month each, I'm hoping to double that next year by getting 3 more units each doing 334 dollars a month then again the following year etc. So basically I'm hoping to get around 20+ units before I'm 30 years old each "cash flowing" around an avg. of 300 dollars a month. My question is when is a good time to hire a person to take over the property management...? Could I have enough work for him/her to work full-time/part time? Are there certain levels in which you could hire x amount of people? How much should you pay a person for this service? 10 bucks an hour? 15?

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