Wednesday, October 14th, 2015

Investing in a multi family housing complex can be a great asset for a portfolio. However, in order for it to be a profitable venture free of stress and headaches, you must know what you’re getting yourself into. You must also have a plan for addressing both day to day concerns and larger issues that will arise. A burned out stairway light bulb or a leaky faucet may seem like a trivial manner, but it’s not to a tenant. Leaving problems unattended results in dissatisfied tenants, making it tougher to fill units as old tenants move out. Managing your multi family housing complex properly increases your chances of retaining tenants and maintaining market value. The following guidelines will get you started.