Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
13y
Ahhhhhh I want to save this thread and show it to anyone who preaches to manage their own properties! The average amount of time spent from those who manage their own is 80 hours! If that's your thing, do it, but that is more than a full-time job. Helllloooo, not passive income, which is ultimately what everyone wants.
For my actual investments (turnkey rental properties), I'd say I average 5 MINUTES per week. That may be too high too. I don't do much of anything more than approve maintenance requests or talk on the phone with my property manager. And I make nice income off of those.
Somebody please argue with me again why turnkeys suck. I dare you :)
With that said, my actual work is real estate investment related so all my work hours in a week are technically REI, so 40-80 hours.
Rental Property Investor · Buffalo, MN · Member since 2010 · 511 posts · 92 votes
13y
I'd love to put more hours in than what I do now part-time, because I would have an opportunity to find more deals and I love REI. But because of my fulltime JOB right now I'm only able to do this part-time.
Trying to be as organized as I can to best utilize my time, can be a bit of a challenge at times.
Total hours each week more than what I think.
Most of the time looking for sellers and marketing
Investor · Scottsdale, AZ · Member since 2008 · 281 posts · 113 votes
13y
I spend about 20 hours a week managing my Virtual Assistants and handling the marketing of inventory. They handle sending out offers (300 a day), deal flow, due diligence, mapping and then distributing my acquisition to the various listing sites. I focus 80% of my time on marketing and the other 20% on customer service. For good VA's check out elance.com guru.com odesk.com and even fiverr.com.