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Updated over 11 years ago on . Most recent reply

8 SFHs so far
I thought I'd share my investments to date and ask a question. I have 8 SFHs renting from 1300 to 1700 a month. No section 8/HUD. Mix of older homes and newer homes. Total cash flow is approx 3800 a month after all expenses. They are all on 2 or 3 year leases and require pretty low attention as I have a good handyman for fixes.
I've focused on nicer stuff which of course has a lower overall return. In terms of next steps, has anyone moved from a model like mine to a higher attention required model that might offer better returns? I have a very busy day job and family life so I don't want to deal with high touch tenants and issues. Thanks.
Most Popular Reply

You may be able to use a property management company with cheaper properties and still get a good ROI. One of the big ways property managers ream you is repairs. If your cheaper properties are within a reasonable distance maybe your handyman will take care of them if you pay his driving time. You could stipulate that the property manager is to use your guy for repairs.