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Property Manager (Exit Strategy (How do you want to exit your business?…
Property Manager
Exit Strategy
How do you want to exit your business?
Sell the houses that are for rent
I can buy different houses in different states to live
I get the money from the houses (savings)
I don't have to worry about getting rent money
Sell the houses to a business so they can use them
Merge with another property Manager
Advantage: having help
Disadvantage: other property manager may feel they have less power
Advantage: same property management everytime
Disadvantage: different thoughts on how things are ran
Retirement
Relaxing
Vacations
Spend time with family
Do whatever I want
What does the ideal situation look like for you?
Relaxing
I wont have to deal with rental property
I get to have a huge retirement fund
I get to do what I want to in my life
I get to spend time with my family and friends
Busy (having another property management)
Might have disagreements on how to run the property's (could cause arguments)
Not communicating when something happens on the property
Always having customers calling when something happens or need questions answered
Always on the run to peoples houses and on the phone with other businesses
Might want a job later in life
Get bored not having anything to do at home
Might not have enough in retirement fund to support the family for a long time
Have extra money to put more into savings
Do something different in life for a job part time