If you are a landlord, income property owner… whatever you want to call yourself… here’s a little tip that I hope you are following right now.

I just filled one of my vacancies last week .  I’ve only had a total of about 7 days of vacancy in all of my properties over the past 2 years (pretty good huh?).

It’s been easy in the past because my properties have been within 30 minutes of where I live.

But, now this property is 4 hours away and it is a big pain in the @$$ when it comes time to rent it out or do minor repairs.

So, through this recent rental period… I got smart and developed systems and a team to outsource about 95% of the work to so I can now stop pulling my hair out everytime a vacancy comes up or a minor repair is needed.

I know, you’re probably saying… “get a property manager”.  Believe me, I would if I could trust ANY property management company in this town.  There are 4 or 5 prop. management companies and they are all very seedy and unprofessional. 

Not to mention, I was only able to negotiate the management fee on one of them down from their 10% standard.

Another reason I don’t want a property management company with this property is because the vacancy rate is extremely low.  So, I just don’t want to vive up $200+ a month to this company so they can collect my checks and take a call every now and then.  If this property was a pain and I didn’t want to collect checks… I’d get property management for sure.

Anyhow, this is turning into a 120 second lesson…

… the lesson is if you have a rental property over 2 hours away from your home… save yourself a bunch of time, stress, and money by building a solid team of people who can take care of filling the vacancy for you and doing the things like cleaning, carpet cleaning, etc. 

And, you save yourself a ton of money by building your own team rather than paying a property management company to take care of the stuff and add their profit on the top.

In the next few weeks I’ll post an article on how to build a solid team to help you manage your rental properties with less stress… and save yourself some money in the end.

Good luck!

Here's A Few Related Articles...

• Building a Team: A must for rental property owners – Part 1
• Free Eviction Form – Eviction Letter to The Tenant
• Do you own a company or a job? – The quandry of a real estate investor
• Business Builders: 5 simple ways to systematize your real estate investing business
• Keeping Financials for A Real Estate Investing Biz… You’re Doing it Right???

Categories: building your business, income properties, landlording
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