re: Information for my fellow Real Estate Investors

Knocking on wood....

I have spent very little time managing the three we currently have occupied. Meet in the beginning of the month to collect rent and do a drive by once or twice throughout the month and that is pretty much it. I have some very low maintenance tenants, so I am sure that helps a lot.

A big help for me has been putting together a group of contacts for when problems come up. I have contacts for all major issues. HVAC, plumbing, general contractor stuff, insect treatment, etc.. Got a phone call about an HVAC issue a few months ago, called my guy, problem fixed without me doing much of anything besides paying the bill over the phone.

All the homes we have bought have generally had newer HVAC, roofs, electrical systems, so hopefully we won't have to deal with much of that in the next few years.

I have spent more time working out financing, looking a potential deals and spread sheets for our properties than I do thinking about management.