I am analyzing a deal that is exactly one and a half hours away from my home. As of today I have 15 units but they are all within 25 minutes of my home and self managed. Do you think an hour and a half is too far to self-manage?
Also this is my full time job along with rehabbing.
If it is your full-time job it is certainly possible. I do this part-time, and stick to about 30 minutes away.
How many units are you buying now?
I would definitely keep self management! If you already control 15 units in your own back yard - I believe you will manage with the units located a hour and half from you .
Sounds like it can be done. My goal is to be one hour away at max. I mean what’s another 30mins? Leave a little early or stay a little late. Take a look at the net in comparison to what you can get closer to you and the 30 minute extra tacked on. Sounds like your doing the deal to me
@Alex Stariha Since you are a full time investor I don't see why not. Unless it is a lot of units, how many units is the property?
Thanks everyone. Christopher I agree either leave early or stay late that honestly solves the problem. It's a 30 unit complex so it's a large jump but luckily I just implemented software to help me manage and that should make my life easier.
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