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Updated almost 2 years ago on . Most recent reply

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261
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Patrick Flanagan
  • Property Manager
  • Prineville, Or
166
Votes |
261
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Residential vs commercial management

Patrick Flanagan
  • Property Manager
  • Prineville, Or
Posted

Hello! 
I am compiling research on starting a property management company. My personal opinion and investing strategy is that multifamily units are better than single family. But I’d assume when running a property management company multifamilies are a bigger pain to manage than single family homes. 
In your experience, is it more profitable to learn how to be an expert multi family manager vs a single family manager? My step mom runs a 300+ management business of all single family homes. She won’t touch multi family. She said it’s too much of a headache… but I’d like to learn because my next investment goal is buying an apartment complex. 

Most Popular Reply

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9,861
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5,552
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Eliott Elias
  • Investor
  • Austin, TX
5,552
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9,861
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Eliott Elias
  • Investor
  • Austin, TX
Replied

It is easier to scale on the multifamily side. You may not get the same amount of rent per door but the volume will make up for it. There is a great need for good property managers. 

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