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So this passive income generator quickly becomes a second job.

In the beginning, you might have had a lot of energy. You are a real estate investor and you get to throw around the term “Passive Income”. It is enough to keep you going through your first few tenants and the first few years. But before you even realize it the entire process can become a burden.

If you are already working a full-time job. You might be thinking about dropping out of the landlord’s second job, selling the property, and using the money to start the next phase of your life. When this happens you have a couple of choices.

Hire a management company

Instead of interviewing tenant after tenant, spend a little time interviewing a couple of property managers.

A good PM can take care of all aspects of management and leave you free to keep the landlord title and rent checks without the added work.

Of course, you will have to pay for this. A good PM will cost you anywhere from 8-10% of the monthly rent. When you think about it this is a pretty good deal. You were probably paying more than that by doing it all yourself.

Property managers will find and vet your tenants, handle the turnovers, collect the rent (they should only get 8% of the rent they actually collect), and even go to court for you. WORTH IT!

Sell your house to an investor

You may be tired of working two jobs, but some people make rental properties their full-time jobs. They might own dozens of properties and have management and maintenance processes already in place.

Since they have many properties they don’t stress a property that is vacant for a month or two. The income from other properties can cover the empty house for a bit.

Maybe it’s time to make some changes

Sometimes you don’t even notice that the property you were so excited to rent out has become a sort of misery. These things can sneak up on you.

Take some time to really look at your situation. How much of your time is spent on this passive income. Are you really making enough money monthly to justify the money and effort you are putting into it?

Maybe it’s time to make a change. Either hire a good management company, get slightly smaller checks but substantially fewer headaches, or find another investor that is willing to take on all of your troubles and give you a fair price for them.

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memvestments

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2y ago
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Ryleigh Runolfsson

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2y ago
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Wiki User

9y ago

If you are constantly tired, it could mean that you are run down an anemic. You could go to your doctor and request a blood test. If the blood test proves that you are anemic, your doctor may prescribe an iron supplement for you.

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Wiki User

7y ago

There is no way you can avoid sleep and not be tired. Sleep is the body's natural way of restoring energy and rejuvenating itself. If you don't sleep enough, you'll be tired all the time.

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Wiki User

13y ago

yeah

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Q: How can people not sleep and not be tired?
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