I believe there can be great value in paid accountability as it really puts on pressure to perform and can provide you with someone to smack you out of paralysis.

Just like when evaluating a potential purchase you should be performing the same due diligence with rents.

You can get away with using 5% for Class A tenants, but we use 10% for Class B and lower. 3) Tenant Payment Performance: you didn't mention this, but it is important!

Immediately, I performed a Roth conversion.

Hello @Daniel Reed,The supposed advantage of multi-family properties over single-family homes is misleading when you look at financial performance.

Has this property been working for a while with a track record of income performance?

It is widely recognized as a loss leader within the industry and those who are successful normally have a complimentary business such as a brokerage or a construction company that performs complimentary services.

Ensure vendors feel fairly compensated for their expertise.3.Feedback and Recognition: Provide constructive feedback on their work and recognize exceptional performance.

Sometimes pulling out equity and reinvesting it elsewhere..maybe in a smaller, more agile asset..can give you the cash flow boost you’re after without giving up a solid property.Improving the property’s current performance by making it more appealing to tenants or tweaking lease structures could give you a nice bump.

I assume in the winter months they would perform well, but in the spring/summer/fall (non ski months) how do they perform?