I started off with Arbitrage in 2019 then bought a building and turned one of my units into an STR.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I usually go up to 15 units.  

I'm looking at a 3-unit apartment building.

I was looking for a refinance on a 14 unit apartment complex in GA for $1.3M.

As a PM, we manage units in Condo ***. but we do not actively seek out this type of business.

I am in 1 unit and rent out the other unit.And My occupied unit I rent out to the roommates. and one of roommates make so much complaint about 2 month.She just move in 12/2023 and left another 9 month of the lease.She refuse to pay the rent because lack of maintanance, there's vibration sometimes behind the shower, cause lack of the support.I already hire 3 plumber and they say it is okay to use it.She never belive it and still want us to repairShould I repair it?

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?

What caught my eye about this one is the under rented unit prices..