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> part of the operating expense is hiring professional managers. I don't think smackfu meant to imply you'd be replacing lightbulbs yourself. But if you have
by endtime 16y ago
> part of the operating expense is hiring professional managers.
I don't think smackfu meant to imply you'd be replacing lightbulbs yourself. But if you have employees who provide a service, and if they screw up it can affect your future income (and you therefore need to do some degree of management, minimal though it may be), well, that sounds a lot more like a job than retirement to me. It might not be 40+ hours a week in an office, you might not be writing code, but that doesn't make it retirement.
- davidu 16y agoMost property management companies are actually just managing the contractors who fix the sprinklers... those people aren't on your payroll. Usually property managers just take a fixed % of all the rental revenue.