Jeffery opened up this morning with a thoughtful question 1) How big do you plan on growing your business if you are strictly doing business only DIY. There are lots of task that we all do that we really shouldn’t be doing.

I find myself doing bookkeeping for example. I am not a huge fan of QB yet I find myself still doing it. Last night I learned of a way to outsource that task. Granted it will save me a few hours monthly.

What task are you trying to get rid of?

There is always something that needs to get done 6er- always. I don’t know a single investor that doesn’t have just one more thing to do. It becomes a matter of what do you in assignments of priorities.

I still put in full days. The question is what do you to fill that day. You are not ever going to get that time back.

6, sometimes we are our own worst enemy when it comes to "saving" money. Let me give you an example. What if you had outsourced something that cost $200 per month that saved you a few hours a month. You then reinvest that time into new, better, and more extensive advertising approach that reduced your vacancy by 2 months. Which is the better approach at "saving" money.

What if you've decided growing is simply more than you want to do? More DIY if you are NE, or more tenant hunting if are me? Or more paperwork and stress in general if you are like GKarl and don't see great things on the horizon right now (I agree with him!)

Growing beyond your ability to service your customers efficiently is a real thing. We've all seen small business owners hang it up and sell out. Usually as the result of TOO MUCH work and stress, not too little. Finding good employees, tenants, and contractors is a job all on its own.

Not everyone wants to own 100 houses or branch out into oil fields or storage units or hair dressing salons.

WMH, ditto. There's absolutely nothing wrong with knowing what one's capacity is and being satisfied with where you are. I don't pressure myself to "grow" for growth's sake alone.

Thank you, Ray and MikeA.

If you elect not to delegate job functions, you are absolutely limiting yourself to only a certain number of units and then the job just becomes too big. I can’t tell you want exactly what that magic number is as it depends from person to For one person it might be 20 units and for another it is maybe 40 if you don’t want to have a high quality of life

If you limit the number of units you have, you have to come up with a better way to improve the properties Net profit I would to learn how others are doing that if you don’t want to delegate

I suppose that Automation can be considered to help delegate routine task. This thread asked what task do you delegate - not a to delegate or not to delegate. If someone is happy with what they have. I am glad that they have reached their goal and hope inflation doesn’t exist where they live

Inflation exist where I invest. Change exist where I invest. Technology, especially AI, is going to change what the norms are going to be. Then again some refuse to acknowledge much of the change year to year. I know I change my goals and thoughts year to year.

The morning speaker started out today with the status quo isn’t good enough or we all would be golfing. He later said we get conflicting info info and that routinely causes confusion.

I guess I am not being clear enough What is the easiest way to scale? Delegate. What are some of the easiest ways to delegate? Vas and employees along with contractors.

Thanks Ken

Working on the business pays bigger dividends than working in the business. NE is correct in that getting good help is so difficult too.

Thanks Ken

Working on the business pays bigger dividends than working in the business. NE is correct in that getting good help is so difficult too.

We delegate what we cannot do; we do what is easy for us to do and saves the most $. i.e., when we can install a C/A capacitor for $10 vs. hiring out for $150. Hubby paints faster and better than any painter we have ever hired, which includes professional painters.

We hire out drywallers because we have the same guy for years who is still young. He is fast, cleans up meticulously and we never have to babysit him, ever. If we have to babysit someone it would behoove us to do it outselves. By the time we get them set up and explain what has to be done we would have already finished the job.

I hate prepping receipts for taxes. I do the bare minimum of designating what property each receipt applies to and the category it goes in: repair, maintenance, etc. Then I meet a friend for lunch and buy her lunch for helping me put it on paper. Then I put the numbers in my computer for Schedule E. The program does the rest.

Our units are all got rehabs so I do all the bookkeeping in taxes whereas hubby does all the construction but he does now have a crew to help him do drywall and framing.

Our units are all got rehabs so I do all the bookkeeping in taxes whereas hubby does all the construction but he does now have a crew to help him do drywall and framing.

Our units are all got rehabs so I do all the bookkeeping in taxes whereas hubby does all the construction but he does now have a crew to help him do drywall and framing.

My spouse will not let go of the books. I have tried to get her some assistance to no avail. Finally she lets me input the receipts for the things I buy, but she has to double check everything anyhow.

We have worked on how to streamline the books and now she doesn't deal with it daily. Typically she spends Saturday morning catching everything up. We are working towards her maybe getting a VA, but getting her to step away is going to be tough.

I started farming out roofs years ago. With the exception of when I fired a roofer mid job, I have not done it for years.

Same thing with excavation. I can get a crew in to do it and I can piddle with the small stuff.

Hopefully in the next week or so we will have a couple quotes for building a detached garage or pole barn on our property. Just to have them dry it in so I can run any electric as I see fit. Used to be I would do it myself but I realize that I can get it done by someone else while I finish some smaller (easier) tasks.

Will it save money? Maybe, maybe not. Will it make my life easier and give me the opportunity to work on other prospects? Definitely.

I was having the mowing done, except for my house, but I keep going thru mow guys. Last one was so bad, he literally had a bungee strap holding one side of the deck up. I have someone mowing five tiny yards in one town. Now I have three in another town that I am doing. Not a big deal but eats up a lot of a day to get loaded, travel, mow, etc.

That is time I could spend working on one of the many open places that I have coming up.

Things happen only because we allow them to happen.

If I hear some folks right that they feel the value of money has went down during the past few years. I tend to agree with you that now it is harder to find that person to do that specific task you want done - but the flip side to that statement is you can save that much more when you find that right person to do that task.

Where I am from we have hotels and they pay the staff there only $14/hour to clean. I found that these folks want extra hours but routinely can't get them. So when I offer $16-18, cleaning task are covered. Last year someone mentioned finding a trailer park with a stay-at-home mom that might be looking for something to make money from 8 - 2:30 PM daily. Either place, the value of the dollar is worth more to these folks so they would be more inclined to take those tasks off your plate.

I absolutely believe the much bigger problem isn't finding folks to complete task that I need to get done, it is implementing systems to find deals using specific strategies to make the delegation more appealing. Sub to, master leasing, option trainings were incredibly timely and allowed me to rethink the best way to implement for the lowest possible risk while increasing profit centers.

So now that I don't sound like a space cadet, I need to give you the background. I am planning to sell my old home as I have moved into place closer to the G/F work. I was considering selling via auction using a 121 exchange and couple that with a 1031 exchange with two other properties. Then a neighborhood business called me up asking me if I had any empties. I asked her why she called me and she said she knows some of my tenants as they work in her small mom and pop motel. These folks are buying the land trust from the previous owners.

She shared that there is a solar panel project in my area that has brought in folks into the area. She said if I were to pay her a finder's fee, she could send folks over my way. Last week I saw this as an opportunity to rent out a single empty that I just quite not had completed and wasn't ready to rent. No clearly this person isn't aware of what a participation master lease is. But she is communicating how much I can make if I give her referral fee.

I haven't been back over to that unit that needs turned yet to see where we are at but plan too tomorrow. At $125/day for this three bedroom for the next four months, it might pay to outsource some of the routine tasks.

If anyone things that they are absolute very best at checking the mail, writing rent increase letters, paying bills and cleaning all themselves - awesome. Please come visit me. I will gladly exchange time on a lake for time filling up a dumpster. Your next deal should be worth profit now as the cost of doing business has gone up.

Clearly, at least for me somethings probably shouldn't be outsourced. Because I went away for training this weekend, I missed out on the monthly sheriff sale at my county. A fellow investor friend asked me if I was feeling alright since I wasn't there, my reply was FREEDOOM