General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
At what point could you step away?
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?