If you hire a right property manager for your rental property, you will enjoy a lot of benefits. You will save time, you have less bookkeeping to do, you don't have to deal with tenants, and so on. However, there's one benefit that almost no one is talking about. That is hiring a property manager will turn you into a business owner instantly.
Many of you start out your career working for someone else. Eventually, you start to think that you can do better, don't want to work 9-5 to make someone else rich or want to run business "my way." So, you jump into the entrepreneur world, only to realize that this new world is tough! A lot of things you didn't have to do when you were working for someone else, you must do it all, and you must do it right. Now you realize that working for 9-5 means you don't have to work from 5-9. That's not the case when you start a business. It feels like you must work 24/7 and more!
But you don't give up, and by working long hours and after a lot of sweat, blood, and tears, the business starts to grow. Now you hire people and have some breathing room, or so you thought. People just don’t seem to do the way you want them to do. You go through letting people go, and good people leaving unexpectedly. After multiple trials and errors, you finally find someone that is reliable.
But you can’t stop working because you are still a very important part of the business, and the business can’t run without you getting involved daily. You start thinking about selling the business and making a lot of money or have someone work for you, so you don’t have to work every single day. You work another few years very hard, and you finally get to a point where you can hire someone to take care of the business, so you can relax, receive a paycheck consistently from the business without being there all the time.
I think that is the place (becoming a business owner with passive income) where a lot of business owners want to be eventually. The good news is, you don’t have to spend years and work crazy hours to get there. By hiring the right property management company, you instantly become a business owner.
There’s more to life than just working. By becoming a business owner with passive income, you open up your future tremendously.