Tip of the Month - April, 2019
Decisions, Decisions-(Should you do it yourself?)
Source: Landlording-4th Edition
By: Leigh Robinson
Landlording is
different. In landlording it is often good business, for a
variety of reasons, not to do everything yourself. You know what
expertise you have, and you know what you are capable of doing both
physically and mentally. Can you do this job? It may
necessitate climbing up the side of a two-story building on an
extension ladder that sways in the wind. Are you afraid of
heights? It may involve knowledge of the latest tax laws about
exchanging. Have you been keeping abreast of the field? It may mean
testing electrical connections with the power on. Do you know
enough about electricity to avoid electrocuting yourself? If you
suspect that you cannot do the work properly or at all yourself, hire
it done.
Do you want to do it
yourself? Some jobs, like cleaning ovens, painting bedrooms,
mowing lawns, and unplugging toilets, are tedious or repetitious or
mundane or loathsome, and you may have no desire to do them yourself
even though you know that you are able to do them. If you simply
do not want to do them yourself, hire them done.
Do you have time to do it
yourself? There are only 168 hours in a week, and even though you
at times think you are superhuman, you cannot cram any more hours into
your week. If you do not have the time to do a job, hire it done.