Owning rental properties in Atlanta is one of the very best ways to build wealth and establish long-term cash flow every month but, it can also be a huge stress and strain if you attempt to manage those rental properties yourself
It doesn't matter if you think that you can handle the stress that comes from attempting to manage multiple rental properties, that stress can adversely affect your health.
Some of the most common reasons why landlords burn out, or grow tired of managing multiple rental properties themselves, includes the following:
Lack Of Time
When a landlord attempts to manage multiple rental properties themselves, they have to be the accountant, maintenance man, customer service agent, cell professional, and bill collector all in one.
Faced with the responsibility of all of these tasks every month, it's easy for any landlord to burn out after managing multiple rental properties themselves for one year or less.
It’s Easy To Make Errors
Sadly, many landlords who attempt to manage multiple rental properties themselves often find themselves making errors along the way.
It's very common for landlords who own multiple rentals to forget that they promised a tenant that they would fix a problem or issue at the rental property, collect a rental payment that's due from a tenant, or Market a property online that is sitting vacant.
Errors are very common for landlords to own multiple rental properties because of the simple fact that there's just not enough time in 1 day for a typical landlord to manage and fulfill all the responsibilities that come from managing the rental properties themselves.
Last of all, but most important, stress is another one of the top reasons why many landlords burnouts after a couple of years of managing multiple rental properties in the Atlanta area.
As of 2021, stress is one of the top killers in the world today, behind cancer and heart disease so it makes sense that the average person who owns multiple rental properties would ultimately end up Outsourcing the management of those properties to a local property manager or hiring 18 to a system with professionally managing their rental properties for them.
Contact JD Homes
At JD homes, we specialize in local property management and can save you the time, hassle, and money of attempting to manage your rental properties yourself.
Learn more about the property management services that we can offer you, contact us today by clicking here.