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Updated about 7 years ago on . Most recent reply

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Charles Prabhu
  • New York, NY
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What challenges you face when you manage Multiple Properties?

Charles Prabhu
  • New York, NY
Posted

What are common challenges we face when we try to manage multiple properties? 

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Michael Noto
  • Real Estate Agent
  • Southington, CT
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Michael Noto
  • Real Estate Agent
  • Southington, CT
Replied

Ease of management or difficulty of management in the markets I am in here in Connecticut is almost always directly tied to the class of property you are investing in. 

Managing more than 1 very low income property is a serious drain on time for an investor in most cases, but the trade of is typically the cash flow on paper numbers are better which draws people in to these investments.

Over time, the more experienced investors I know gravitate towards properties that have a better tenant class base and while the on paper numbers may be a little bit lower their real life return numbers over the course of let's say a decade end up being higher than the lower income property. These are the kinds of properties i have started to acquire for my own investing as well. 

  • Michael Noto

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