The Hidden Cost of Every Real Estate Investor Faces: The Opportunity Cost of Time

[Selali Kalevor]

It’s tempting to handle everything yourself to save on costs. But consider this: if your time is worth $100/hour and you spend 40 hours a year on tasks you could outsource for $25/hour, you’re effectively losing $3,000 of potential value each year. 

That $3,000 is typically the annual cost for a full service property management option. 

Here’s how:

• Property Management: Outsource for $25/hour instead of spending your time on tenant issues.
• Administrative Tasks: Use virtual assistants for scheduling, bookkeeping, or paperwork.
• Maintenance Coordination: Delegate routine repairs to trusted contractors.

The cost of outsourcing is often a fraction of what your time is worth, freeing you to focus on high-impact activities.