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Updated over 4 years ago on . Most recent reply

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Suggestions on office organization

Posted

Does anyone have suggestions on office organization? tracking receipts? payments? etc? How much time do you spend actually managing your properties? I have 9 properties with 20 doors, have been in the trades all of my working life and am ALWAYS behind on paper work. My natural instinct is to work with my tools and push off paper work and as I grow it's just not working. My wife and I are 58 years old, foster parents, semi retired with 5 grown kids , and also adopted our 4 year old son. From a time and energy point I'm heading for a crash.

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Marc Winter
  • Real Estate Broker
  • Northeast PA
2,659
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Marc Winter
  • Real Estate Broker
  • Northeast PA
Replied

@Michael J Hartnett Jr, quick question:  do you make more money and have more fun working with your tools or doing paperwork?

Assuming you'd choose the tools, why put yourself through that--you are actually losing money by handling it all yourself. Hire a part-time bookkeeper locally, or investigate online VA (virtual assistant) that already have the skills and organizational abilities you lack or don't what to develop.

They will put everything in a digital format which can be backed up in many different ways, and sent to your CPA at tax time.

I speak from experience--life is short, and nobody is getting any younger.  Make the most of the time you have and delegate to competent others the things you can't or don't want to do.

Best of luck!

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