In last week's article I talked about being real estate entrepreneurs, not investors. This is a HUGE difference in mindset and also in practice. One result of having the mindset of entrepreneur is that you should not do all of the work yourself but instead surround yourself with an awesome team and delegate. In particular:
Don't be a PROPERTY manager – be an ASSET manager instead.
What's the difference?
If you're the property manager, you ARE the manager. If you're an asset manager, you manage the manager.
You could manage your property(s) yourself, perhaps in order to learn how it works so that you can outsource it to a property manager later. Or perhaps you want to create your own property management company.
Before you attempt to manage your own property ask yourself these 5 questions.