How Much Time Do you Typically Spend on your Property when you HAVE a Property Manage

[Mitchell Hammack]

Granted, you hire a property manager to save you time so that you don't have to do the heavy lifting while managing a property. But that being said lets assume you have a good / above average property manager who is in charge of 5 Class A/B properties in any given area. I understand how much of a headache one property is depends on the specific tenant and condition of the property so for the sake of this lets say the property is not due of any major repairs (think roof or waterheater, etc.). How much time can you expect to need to spend responding to the PMs emails or calls in any given week? One hour per property per week? I just want to get a sense of how 'passive' real estate actually is in an average case scenario.

[Nathan Gesner]

Quote from @Mitchell Hammack:

If you have a property manager, you shouldn't spend more than an hour or so per month. If they call or email you for a repair request, it takes 5-10 minutes. You should review your income/expense statement every month for 15 minutes. Even if you have a turnover, the PM should handle everything and proactively communicate with you throughout the process. 

I work for investors with 4 - 50 units, and none spend more than an hour a month communicating with us.