Show Notes
What if you could own multiple apartment complexes and manage them all with just one phone call per day? Del reveals the exact scaling strategy that took him from single-family rentals to owning a 64-unit, 68-unit, and 88-unit apartment complex on the same street - and how proper delegation made larger properties easier to manage than small ones.
This isn't about grinding harder or becoming a celebrity guru. Del breaks down why passive income through real estate beats the hustle mentality, and shares the specific systems that let him delegate everything from leasing to maintenance to major renovations. He reveals how the right manager taught him a valuable lesson about overcomplicating success, and why economics of scale can dramatically increase your profits.
What You'll Discover
The delegation system that makes managing 64+ units easier than managing single-family homes
Why having on-site managers and maintenance teams eliminates most landlord problems
How economics of scale can save thousands monthly when you own multiple properties
Key Timestamps
02:30 The Freedom Philosophy - Why Del chose passive income over the celebrity hustle approach
05:00 The 10-Unit Learning Experience - How hiring an on-site manager for $200/month changed everything
11:30 The 64-Unit Breakthrough - When professional management makes real estate truly passive
18:00 The 68-Unit Acquisition - How Del bought the property across the street using creative financing
25:40 The Renovation Revelation - When his manager proved that simpler was more profitable
FAQs
How do you manage apartment complexes without constant involvement?
Del explains using on-site managers as "eyes and ears, hands and legs" so you don't have to drive to properties. With the right systems, any problem can be solved from home through proper delegation to qualified people on-site.
At what size property can you afford professional management?
According to Del's experience, at 10 units you can afford a basic on-site manager for around $200/month. At 64+ units, you can support full-time professional management and maintenance staff.
Can you really manage large properties with just one phone call per day?
Yes, Del demonstrates how he managed three apartment complexes on the same street with one daily check-in call. The key is having experienced managers who know more about day-to-day operations than the owner does.
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The information and opinions on the Del Walmsley Radio Show are for entertainment purposes only and do not constitute investment advice. Please consult a professional regarding your personal investment needs.
