When I purchased my first commercial building, I was a property manager. Therefore, it was natural for me to accept the same role for our investing group. It dove-tailed nicely into my day-to-day routine. I could field calls throughout the day for my own property as well as from the portfolio I managed. Everything rolled together well. It was a comfortable fit.
I didn’t know it was called a side hustle then, but I was creating a new stream of income (albeit small) and having fun while doing it.
Fast forward eight years and I’ve found myself in an uncomfortable situation. I’ve grown my portfolio to fifteen properties with more on the way. I’m now overwhelmed by the level of work I’ve created with the management duties. The income created from this side hustle is nice, but it’s nowhere near the level I earn as a commercial real estate broker. It’s not even an amount that I could subside on if I decided to solely do my side hustle.
Therefore, I was faced with a choice – continue to drown or seek immediate help.Read More