As an investor, one of the most important things that you need to ask yourself is if your rental properties in Portland Oregon are generating passive income or active income.
Sadly, in today’s world, most investors often confuse the differences between passive income and active income because, in this day and age.
It’s not uncommon for people to have multiple side hustles but, a side hustle should never be considered to be passive income because it’s work that you have to do yourself.
If you’re spending more than 4 hours per month managing your Portland Oregon rental property, that investment can no longer be considered to be passive income, it should now be classified as active income.
Your goal as an investor should be to have multiple passive income streams because, with passive income streams you can essentially earn money while you sleep without having to concern yourself with the day-to-day aspects of managing those income streams yourself.
What Can A Property Manager Do For You?
When you hire a property management company, you finally will be able to enjoy earning passive income from your rental property because the property manager is going to save you the hassle of all of the day-to-day aspects of owning a rental property including:
- Rent collection
- Customer Service
- And more!
Besides being able to save you the time and hassle of property management, property managers can also assist you when it comes time to sourcing and acquiring new properties to add to your Investment Portfolio.
Make 2021 The Year That You Hire A Property Manager
One of the most important things that every investor should do during November is to start looking ahead to the coming year by setting goals and thinking about all the things that they can do to simplify their businesses.
One of your top goals for 2021 should be to hire a property management company because we’re going to provide you with all the services that I mentioned above plus we will also enable you to live the life that you want to live.
When it comes to investing in rental properties, your goal should keep those income streams as passive as possible and you can do that by hiring a professional property management company like Rent Portland Homes.
Contact Rent Portland Homes
For more Property Management tips, or to speak with us about the property management services that we can offer you, contact us today by clicking here.