Ep 4: Andrea Hires Professional Property Manager

In Episode 4,  Andrea confronts some of her biggest  Fears about property management.

She simultaneously has the fear of not being a good property manager herself (because she doesn't know what she doesn't know about property management having not done any studying of it) and she also has the fear of turning over control to a property manager and paying the property management fees.

The question she is looking to get answered in this  Scenario is: what does it look like if I hire a property manager and pay them 10% of gross rents?

In this variation we will compare this to the baseline  Scenario of her doing property management herself.

Number of Properties

Total Saved

The inflation adjusted version of the  Total Saved chart.

Net Worth

The  Net Worth chart but adjusted for inflation.

The  Net Worth chart through when  Minimum Target Monthly Income in Retirement (MTMIR) goal first achieved.

The same  Net Worth chart through when  Minimum Target Monthly Income in Retirement (MTMIR) goal first achieved but this one is adjusted for inflation.

Account Balances

The  Total Account Balance chart through the end of the  Scenario.

The inflation adjusted  Total Account Balance chart.

The  Total Account Balance chart through when  Minimum Target Monthly Income in Retirement (MTMIR) goal first achieved.

The inflation adjusted version.

Goals

Here are the  Charts related to the  Minimum Target Monthly Income in Retirement (MTMIR) goal.

The  % of Minimum Target Monthly Income in Retirement (MTMIR) Goal Achieved chart through when  Minimum Target Monthly Income in Retirement (MTMIR) goal first achieved plus a few extra months.

Here are the  Charts related to the  Ideal Target Monthly Income in Retirement (ITMIR) goal.

The  % of Minimum Target Monthly Income in Retirement (MTMIR) Goal Achieved chart through when  Minimum Target Monthly Income in Retirement (MTMIR) goal first achieved plus a few extra months.

Phases of Financial Independence™

The Phases of Financial Independence chart is shown below.

Total Monthly Rents

The  Total Monthly Rents chart of all  Properties.

The inflation adjusted version of the  Total Monthly Rents chart.

Property Management Fees