Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

They were selling on pro forma, but the market and the debt market have shifted, and it's aa lot harder to achieve higher pricing with lower rents.We've purchased over 2,000 units, and the simple answer to the question is that they are either mom and pops and run their businesses with ZERO KPIs, they do not want to risk losing tenants if they raise rents, and they don't treat their asset as a business.When you take over, it can be difficult to get rents to market if they are very suppressed.

Some are automatic denials, some are measured on a scale of 0 - 3.

Just because it’s come down does not it will bounce back automatically in a timely fashion.

It's shifting to a model of a big anchor, a Target or a Costco, and lots of little businesses in that same shopping center. 

By the way, from what i read in the street journal, the rental market in many regions is holding strong despite economic shifts, so that could play in your favor as you move forward.What’s your gut feeling on the timeline for scaling up.. are you looking to ramp up quickly, or do you prefer a more measured approach? 

Pittsburgh ranks #5 on Marcus & Millichap’s list of high-yield multifamily markets.Pittsburgh’s unemployment rate (4.7%) has dropped by 17.5% over the past 5 years.Pittsburgh is experiencing a demographic shift.

Areas like Lawrenceville and East Liberty have undergone huge transformations.. it’s worth exploring how those shifts could affect your property’s future value.What’s your take?

This ability to offer a full-service experience not only sets us apart but also keeps revenue flowing, even when the market shifts.4.

And, considering market shifts.. what’s your approach to minimizing risks over the next two years?