Purchase price: $350,000 Cash invested: $74,000 Purchased this 28 unit RV & Boat Storage facility in Missouri. 2023 construction - 100% occupancy at purchase.

Once you gain that experience, it may become more efficient to delegate the task rather than managing it on your own.

So as long as your insurance, property taxes, property management, utilities maintenance, repairs, vacancy, and capex come to $4/mo or less you’ll be fine.

We’re focused on building a strong network in San Antonio and its surrounding areas since our goal is to acquire two properties per year to enhance our portfolio.We’ll be in San Antonio next week or possibly the week after and would love to connect with local professionals—property managers, contractors, investors, lenders, and others.

Hi folks,Is there anyone that is self-managing their buy/hold properties in The Villages?

We managed about 40 of these assets after the fall out with ocean pointe.

I know the 20yr city development plans, I know of the waste water treatment facilities that are wrapping up approvals and have not even broke ground yet and exactly how many w/s laterals will be approved with such. 

@Tanya Maslach Since it sounds like you're not really using a property manager - connect with whoever helped you purchase the property to see if they know of a leasing agent or showing agent that you could reach out to help hold the property open to tour at least once to twice a week for an 1-2 hour period on weekends. 

I’d recommend starting with local value-add deals to get a feel for the challenges of managing rehab projects.

But we manage a lot of units and unfortunately cannot possibly manage 70+ units with free software!