If you outsource all that, the costs rise significantly.I live in the Seattle area, and we have a large number of Chinese importers of cabinets, granite, etc., their quality is good and price great.

Installation of the submetering, low flow water fixtures and then your in charge of billing the tenant for water or you can outsource that.

congrats on your success so far...i think in house property management is a great idea, as you can control it, and trust that it's getting done right, instead of outsourcing..not sure about your local laws, but here to manage a property, you either have to have ownership or hold a real estate agent license...so...the person whom you hire will have to either have a license already, you can pay them to take and hopefully pass the class/test, or you could give them 1% ownership in the LLC...i'd rather just hire someone with agent experience..or someone willing to take the class/test, and then you pay for it..good luck!

When I worked at Investor Nation we were not a management company so we outsourced it to other companies who at the time were doing a good job.

We outsource our laundry services and receive a check for our share of the income.

Thus, automating and outsourcing will be key.

@Alonzo Thomas The other bonus about getting involved in some aspect of the business is that you might find that you prefer some aspects over others and can develop your own business based on your assets and skills and be aware of what positions you'd like to hire team members for or outsource.

Over time you just have to outsource more whether it's to a property manager, someone to do your taxes, etc.  

Despite it being an extra cost in both time and potentially expense, I have found it a successful approach to engage with owners as well as one that can be outsourced.

I totally get your point and I agree with you, that outsourcing the daily landlording tasks will allow me to work "on" rather than "in" my business.