Updated over 6 years ago on . Most recent reply
Self managing 38 apartments and 2 commercial
How many units can you safely self manage? Currently I manage a 3 plex, a commercial building, and a commercial building with 2 apartments above it. I just recently got the opportunity to possibly buy 4 8 unit buildings that have very positive cash flow but my wife is a little nervous on self managing the units. We don’t struggle right now with self managing and I do all the repairs as I am a licensed contractor as well, are we nuts for doing this or would it be wise to hire a company and if so what is the average cost for a management company? Or do I quit my full time job and make managing these my full time job? Any suggestions or info would be greatly appreciated.
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Ohh wow well I guess if anything I’ll give it a shot for a while and if it gets to be too much we can hire a company or someone haha