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Updated about 15 years ago,
question for full time landlords
I currently have a full time job and I have 20 rental units. I manage these units myself and do most of the maintenance myself. I do hire out when time is a factor. I find the hands on approach to work best for me, to keep an eye on my units and make sure everything is running smoothly. I can replace my 9-5 income with the cash flow of the 20 units. I am currently looking for more deals and figure I can look after about 40 units before I will need to quit the 9-5 job, for time reasons. My question is.... how do you have time away from the business when you have 20-40 units. If I want to travel for a month, is it reasonable to think I can manage the business by phone, or is this just dream land. Do you hire someone to look after them for you. I think I'm too cheap for that. What do you guys do?
steve