All Forum Posts by: Will Gordon

I believe the largest variables are how much do you think your time is worth and what are you spending the most time on (Finding tenants, maintenance, etc).

For me, maintenance became a huge struggle when I had to help my grandfather manage his company as he became too old to keep managing his company, and with my background working logistics at Amazon I realized what a logistical nightmare maintenance was becoming and how much of my time it was eating and hiring additional help is always difficult since I don't know many people with a burning passion for maintenance scheduling, so as good as the work was I always knew it was a temporary hire that could leave at any moment.

While reading through here I have to agree that at a certain point having a property manager handle everything from top to bottom is incredibly valuable especially if your intention is passive income. On the flip side, PM's do also eat into your passive income, so the quality of work is incredibly important especially at 10-8% of that monthly income.

Yet, if you only manage a small portfolio and have decent tenants in combination with a couple quality handymen you should be just fine. Our company usually had tenants stay for about a minimum of 2 years so if any numbers at our old PM company hold true I would easily be able to handle 15-20 units on my own if maintenance coordination wasn't part of the equation.

I actually started a company recently with the intention of helping those who don't want to deal with the back and forth of maintenance requests. Currently, we help property management companies but, I'm actually thinking about moving into the landlord/investors market and am interested in hearing what people would even pay for a service like that?