We outsource that!

Cons, Horror Stories, Do you out source your property management?

Mr CPA gets to do the depreciation, amortizations and the State/Fed tax returns.As soon as there's more than one assest to manage, outsource ALL of it.

They are English speakers based out of Nicaragua who do outsourcing work primarily for Real Estate businesses.  

I'm looking for any good recommendations for an outsourced/virtual bookkeeper?

That's INCREDIBLY powerful, and allows you to fine-tune your marketing.Affordability simply comes down to the fact that it's cheaper to send out direct mail pieces than it is to do nearly anything - and if you're outsourcing, it takes very little time (though many investors hand-write their letters, which obviously negates that last point).Direct mail also has two primary weaknesses: low response rate and low barrier to entry.Direct mail typically has a low response rate, with anything over a 1-1.5% response being considered quite good on a national level.

I've been looking at a few companies to outsource to, and generally for 6,000 units the cost would be about $3k.

I do recommend buying from the individuals who manage your home as it creates a connection to the property that I believe is at an elevated level then simply buying from someone who outsources their management.

I wish I had outsourced it sooner.

And, I'm not talking about investing in other people's deals, I'm talking about running your own syndication or joint venture and you outsource the management and Property Management.