How to get out of mom and pop landlording?

[Joshua D.]

So me and my wife have been Mom and pop landlords for about 3 years now. We have 6 SFH"S and a duplex so 8 units. Just bought a 9th but most likely will sell not sure yet though. So my Question here is how do we streamline everything and move to bigger and better? We have a good system i think in place but want to get to point of just finding and analyzing and purchasing the deals. We do it all now and seems to be alot to keep up with. But all good for now because i think we have saved alot of money doing it this way but wanna grow and get very big just dont know where to start? Any help would be great on how to get out of mom and pop land lording and still making good money.

[Cody L.]

Either hire a property manager or put systems in place that allows you to manage more properties with less time.

I had over 100 units and a full time job before I hired a property manager to work for me. But I have property management software that allows tenants to put the work request online. Vendors who can login and see those requests. Systems to automatically post units for rent. Systems that allow tenants to pay online )and require people pay that way) which is posted to their own ledgers in my PMS. Systems to send delinquent tenants three day notices and evictions in an automated fashion. All bills auto drafted / auto paid. Leases I could auto populate in a minute and send for digital signatures. Etc etc.

When you setup proper systems and take advantage of tech you can do a tremendous amount in little time.