Home › Forums › General Real Estate Discussions › Getting Started in Real Estate › Any tips on how I can balance both my job and renting out my condo unit?
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NOW Realty & Brokerage.
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- June 17, 2025 at 11:40 AM #8200
AnonymousParticipantHi! I’ve tried renting out my condo unit before. The income was actually good, but managing everything from tenant concerns, turnovers to bills got pretty time-consuming. I’d still like to continue this as a side hustle, but I also have a full-time job. Any tips on how I can balance both?
- June 17, 2025 at 11:41 AM #8201
NOW Realty & BrokerageModeratorTL;DR:
Yes, you can keep your rental side hustle going while focusing on your main job—just make it easier on yourself. Delegate, automate, and choose the right setup (like long-term tenants or a property manager). With the right system in place, it becomes a passive income stream, not a second job.You’re definitely not alone! A lot of property owners feel the same way—rental income is great, but the day-to-day work can feel like a second job. The good news is, there are ways to keep the income flowing without burning out. Here are a few suggestions to help you keep it going while focusing on your main job:
1. Consider Hiring a Property Manager
If you want to be mostly hands-off, this is your best bet.
* They handle tenant inquiries, repairs, payments, and turnovers.* Some even help with marketing your unit, screening tenants, and legal paperwork.
* You’ll pay a fee (usually a percentage of rent), but for many, it’s worth the peace of mind.
Tip: Ask around for referrals or check with your developer—some have in-house leasing or management services.
2. Automate What You Can
* Use online platforms for rent collection
* Set up reminders or automatic payments for bills (e.g., electricity, internet, dues).
* Use templates for contracts, move-in/move-out checklists, and responses to common tenant questions.3. Set Clear Terms from the Start
* Choose tenants who are reliable and low-maintenance (long-term tenants are ideal).
* Set clear house rules and expectations before they move in.
* Provide a simple tenant manual or FAQ so they know what to do if something comes up.4. Go for Long-Term Leases Instead of Short-Term Rentals
* Monthly or yearly tenants mean fewer turnovers and less day-to-day involvement.
* You won’t need to constantly market or clean the unit like you would with short-term guests.5. Explore Leasing Through Platforms
* Sites like Airbnb, Facebook Marketplace, or even brokerage services can help you find and manage renters.
* If you go with short-term again, consider hiring a co-host or someone local to help with check-ins and cleaning.Feel free to let us know If you need assistance on getting a property manager, setting up a contract template, or streamlining your setup? We can help you get started!
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