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Updated 9 months ago on . Most recent reply

User Stats

6
Posts
3
Votes
Susan Kang
3
Votes |
6
Posts

20 year landlord and OVERWHELMED

Susan Kang
Posted

I've downsized to 19 doors and been doing everything my self for 20 years I'm exhausted and highly disorganized.  I'm not into technology both on my phone or with spreadsheets and this chaos is time consuming. I need help streamlining my business and getting all my units organiezed digitally, email wise, spreadsheets so that everythign is on one accessible place.  Yes I have rentla property managment software and a handyman that's been with me for the same amount of time, but i'm still a mess.  Wondering if i should hire an assistant or just turn everything over. When i have had property managers, they have always wanted to rent my units for 100 below what i would and could rent them for and they just didn't understand the niche that i created. Which is why i've not been able to "let go", but i SO want to "let go"  Wondering how people stay organized and any suggestions would be helpful.

Most Popular Reply

User Stats

2,210
Posts
1,406
Votes
Adam Bartomeo
  • Real Estate Broker
  • Cape Coral, FL
1,406
Votes |
2,210
Posts
Adam Bartomeo
  • Real Estate Broker
  • Cape Coral, FL
Replied

I think that the number work out to be less money if you hire a PM than if you hire an assistant. Thats with under renting them for $100 a month per unit. We have taken over larger portfolios than yours with little to no information and have made them juggernauts - no leases, no keys, no contact info for the existing tenants. Now, EVERYTHING is documented and accounted for. If the owner was spending 100% of their time managing before than they are now spending less than 5% of their time. 

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Bartomeo Property Management
4.8 stars
135 Reviews

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