It’s strenuous having numerous properties, because you can’t be in more than a single place at any given moment.
- I have a few properties that I use myself or rent out to family members plus friends.
My other condos plus houses are all rental properties 24/7. I don’t have a property management team handling our rentals, but I’m starting to know that I should. Just hiring an outside handyman plus service team isn’t enough to lighten our heavy workload. I’m driving from a single location to the next on a yearly basis. Even though I don’t have a fourth job, I’m absolutely working so much that it feels love I have 3 jobs. It’s strenuous when you have a tenant in a single component waiting on a current air conditioner installation, while you have a tenant in a odd component calling about a leaking pipe. Now that we’re in the grips of the chilly Winter time season, our labor has doubled with the needed preparations from a single place to the next. I tell our tenants to run their gas gas furnaces to keep the pipes from frigid downstairs. A frozen pipe can lead to a large water leak large enough to flood an entire basement. In a single of the properties that I keep for personal plus family use, I am consistently making adjustments to the smart temperature control from our smartphone. I have to turn the gas furnace on high enough to keep the water running without using so much heat that I’m wasting electricity. The last thing I want is a catastrophic flood inside our beach house while I’m away at a odd location. Even with flood insurance, drastic water destruction can be difficult to completely reverse if drywall plus wood framing are exposed.