Episode 67 : How Much Time Required to Manage Properties?


How Much Time Required to Manage Properties?

This question I get asked quite frequently.  I think of the most common excuses that I hear is “I don’t have time to manage properties”.  Guess what, I work too.  And you do have time to manage properties in the margins around a full-time job.

Surprisingly, it does not require nearlyas much time as you think to manage properties.  If you develop property management systems, the time it takes to manage properties in minimal.  I think I spend about two hours a month to manage seven properties.  I spend most of this time with the bookkeeping.

I also talk about a nice article I read at www.moneysense.ca

Here is the link:  http://www.moneysense.ca/property/income/3-questions-to-ask-before-you-become-a-landlord/

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