Posted by ken in sc on March 03, 2002 at 13:33:50:
CH is right, it is work and requires time. I like you, believe in the theory that a business should be owned so that you can walk away for a year - not hands on. Thst is my goal. I manage around 50 units for others as well as my own. It gives me some income but takes a lot of time. My goal is to build it to 150-200 units. Then, I can afford the employess needed to walk away. Ulimately I want to have the Property Management business be a business that makes me money as well as does a first rate job of managing my own houses when I am ready to really back of day to day work. I figure I have about 5 more years, but it will be worth it in the long run. It does pay for my secretary and some expenses now. I guess it really depends on your long-term plan.