All Forum Posts by: John Petersen

What is the total cost that you would pay to have an already established company manage at 10%. I would ask for a discount since you would be giving them multiple properties. I can't speak from personal experience, but to me I think it would be much more expensive for you to hire an employee than to give 10% or hopefully less to a management company. Also, maybe you can work something out if you locate the tenants. Shop around and let them know to give you their most competitive bid because you will be shopping.

I went down the side hustle route and decided it was easier to trim fat in my expenses FIRST. It's a lot easier to increase your cash flow by reducing expenses than it is to increase your income. I just sold my truck for 15000 and picked up a used corolla for 3850. Now I have 300 extra (no more car payment)a month to save for down payments. Before I had a side hustle of mowing which required equipment cost and managing a schedule plus 6 hours or more of work to make 300. If I need to increase my income again I've considered uber so that it is something that works with my schedule. If you can cut expenses go that route instead of burdening yourself with a side hustle.