Why do I hate rentals!

[Jorge Vazquez]

After selling rental properties to investors for 20 years, the common denominator why people hate rentals is because they don't like managing the rentals. I always tell investors to spend their time educating, improving, and becoming the best Investor that they can be!

Do not waste one minute managing these properties! You should not manage on your own because your time is more valuable in finding the next best deal! Second, because you are not looking to become an expert property manager (you want to become an expert investor), third because you can utilize a property management company's resources and scale your business a lot faster. Finally, the most important reason you don't want to manage your properties is that it takes so little for you, your wife, or your family to get burned. It could take just one single call on the weekend on a Saturday while going to church that could make you blow up and say, "I want to leave this business"! Please don't put your future or retirement to a chance; do not let something like this happen to you by hiring the right management team.

[John Underwood]

I have systems in place. Rent is automated as I don't chase it. I easily manage 20 rentals and a Vrbo from my phone with very little time. I train my tenants to text me. I rarely take phone calls. They text me the sink is dripping or what ever. I forward the text to my handyman or HVAC guy and they go take care of it. I aquire a couple properties every year and have been doing 1 to 2 flips a year. My contractor handles everything on the flips. I might go by to check on things every other week, but he totally manages the property. My interior designer keeps him on track with finishes and I reserve veto power over anything they decide or pick out that I Don't agree with.