Temecula Rental Property Investors: Are You Working Below Your Pay Grade?

Plenty of Temecula rental property investors and owners overlook the significance and value of their time. Our research shows that the average household income for our clients is above $100,000 per year. Many of these people work in professional, technical, sales, or service occupations. With this income level and assuming 2,000 hours of work per year, our clients’ time would fall around $50 per hour.

Yet, many Temecula rental property investors will spend time solving tenant issues, becoming involved in emergency maintenance and repair solutions, going after tenants to pay late rent, and managing other concerns regarding property management. As a result, the value of their time spent can far surpass the price of hiring a professional company, such as Realevate Specialists, to manage the property.

Example Scenario

Let’s say a professional property manager’s fee for a $1,200 monthly rental is around $120 monthly. When a Temecula rental property investor spends just 2.5 hours per month in managing the property, their personal time has already cost more than hiring a professional.  (Aside from that, a professional property manager’s fees are tax-deductible, so the gap is larger than this example.)

While on the job, would the same investor carry out office tasks that can be done by another person at a lower pay scale? No. They would delegate and hire someone else. Smart business people match the value of work to pay scales.  With that, the same principle should also be followed in managing rental properties.

Do you work under your pay grade? Contact us for more information on how we can help with your rental property management.