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Updated over 4 years ago on . Most recent reply

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Adam Webb
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Transitioning to Apartment Complexes

Adam Webb
Posted

Hi I own a few duplexes and am ready to get into small apartment complexes. Any advice? What are some of the key differences I’m going to experience?

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied
Originally posted by @Adam Webb:

Hi I own a few duplexes and am ready to get into small apartment complexes. Any advice? What are some of the key differences I’m going to experience?

There are more economies of scale. Bigger deals are much easier all the way around. The key is educating yourself on the markets and types and class of properties you're interested in as metrics and KPIs change across markets and types and class of assets. 

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