I own three properties, One I live in and the other two I rent out, but I'm looking to move out of the one I live in soon, which will mean I own three rental properties. I've only had the three properties a year or two, but find it quite stressful owning them. I know there are investors out there that own many properties and I'm just wondering how you manage them?
At the moment my two rentals are managed by a property management company, but I still get involved with maintenance issues etc. I find it takes up a lot of my time and costs more money than I thought it would. There are ongoing things to own a property like painting every 5-10 years; making sure there are no leaks and just general things that need fixing. I own three properties and find it hard keeping tabs on everything, so if you own many properties like 10-20, how do you manage these? And how do you manage repairs/renovations? Do you do these yourself or let the property management company do this for you?
Maybe I just need to stop worrying about it...
Cheers
At the moment my two rentals are managed by a property management company, but I still get involved with maintenance issues etc. I find it takes up a lot of my time and costs more money than I thought it would. There are ongoing things to own a property like painting every 5-10 years; making sure there are no leaks and just general things that need fixing. I own three properties and find it hard keeping tabs on everything, so if you own many properties like 10-20, how do you manage these? And how do you manage repairs/renovations? Do you do these yourself or let the property management company do this for you?
Maybe I just need to stop worrying about it...
Cheers
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