Even if you hire a property management company, you still need to keep an eye on your operations. As the owner of the Ohio Landlord Association, I talk to a lot of landlords about how to maximize their investments. My 6 Dos and 6 Don’ts for property management will protect you from being surprised by a failing apartment building.
Finding the perfect multi-family deal takes some time, a little bit of homework, and a lot of elbow grease. Remodeling without a reliable contractor could be a disaster that destroys your deal and causes your investors to run far away from you. Multi-family investor and contractor Jorge Abreu straddles both of these worlds, and he has some great advice to help you find the right contractor and make sure your CapEx is done correctly.