How passive are rentals with a property management company?
Hello
I'm brand new to real estate investing. I am a partner in a business that has a very strong monthly cash flow and I'm looking to use that cash to acquire multi unit rentals. The main issue I have is my lack of experience. I'm not a handy man what so ever and I do not want to get dragged into the day to day of being a landlord.
I realize where my strengths and weaknesses are and that is why I am planning to utilize a property management company.
My question is, are my expectations unrealistic of being a mostly hands off real estate investor? Can a property management company handle 99% while I continue to manage my daily business and hunt for more deals? Also are there any resources I can turn to if other people like me? Would love to have a mentor whose been in the same situation!
Thanks much in advance!!!