We like owning multi-family apartments because it is another win-win situation. Our residents get a well-kept property, while our family of investors get a good return on their investment.
What’s not to love about multi-family apartments?
Yes, there are sometimes problems with plumbing and electricity. However, there will always be a few problems in any business. The most important part of owning apartment buildings is your ability to manage them. In that regard, we always say don’t do it yourself because there’s not enough of you to go around. You need professional management with a proven track record.
Over the years we’ve been involved in many multi-family units. Because of this, we have developed a good management system, making us successful in these investments. We do not offer contract management for other buildings, but we can direct you to some great resources for improving your management skills.
To sum up this section on managing multi-family apartments, be firm but fair. It sounds easy, and actually it is, but remain calm because there will be challenges.
If you have some units that you would like to sell but don’t want to go through the listing and showing process, contact us. We are always in the market to buy.
Also, let us know if you are looking to step up from single family houses. We will make you an offer on your house or houses, and introduce you to a 1031 tax deferred exchange specialist for your multi-family ownership.
*Please note, we love Realtors but we are not Realtors. Some members of our family may have a real estate license, but we buy and sell all properties as principals. We are not looking for listings and do not want to be your agent or representative. We make full disclosure in our purchase and sale contract.