Outsource 80% of tasks like admin, tenant calls, and repairs to property managers or virtual assistants—focus only on the critical 20%: finding deals, decision-making, and building your investment strategy.

Can you imagine doing property management with only a phone, paper & pencil?

I've not seen the phone number missing so far.

MTR hosts are very friendly so never hurts to pick up the phone and call operators on Furnished Finder in the medical district.

.• Some investors use one LLC per property for maximum protection, while others group several into one LLC to keep admin costs lower.

@Roderick Hooker I've done a few transactions with Lennar recently (as a mortgage broker representing clients) and they have a sneaky "builder admin fee" of 1% in most of their contracts, and typically have the buyer paying title policy, survey, and HOA transfer fees.

Managing people and communication are two major skill sets needed to be successful.So, while the 20 yrs of single family can be helpful, I would be more apt to invest as an LP if you told me you have a lot of great success in SFRs, but more so that you run a 40 employee GC business, with salaried admins, project managers, estimators, accountants, etc. 

That and the fact that you don't receive a salary.Maybe you can work as an admin for a realtor and make some extra money that way.

Weekly updates and prompt responses to inquiries make a huge difference.Hidden or Extra Fees – Surprise admin, tech, or contract fees are a constant headache.

CapitalAdmin work grows fast with too many small investors.Many operators set $25K as the standard minimum, but allow smaller amounts on the first deal to start relationships.My Opinion:$10K isn’t “too small,” but expect more admin work if you go that low.