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SVTPerformance's Chain of Restaurants
Road Side Pub
Who's in the rental house business?
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<blockquote data-quote="coposrv" data-source="post: 16167145" data-attributes="member: 63412"><p>My father has owned at one time 130 rented units over about 30 buildings in the metro Boston area. From the backbay all the way west down the marathon route. He didn’t end up using a property management firm until he had 20 or so units. No matter what someone was always in court and he could have hired his own construction company to keep up with all the necessary maintenance and repairs. </p><p></p><p>The PM firm he used handled all advertising, leasing, and rent collection. </p><p></p><p>He would purchase them and completely renovate and replace all appliances. Basically building a brand new apartment. </p><p></p><p></p><p>He’s sold off quite a few over the last 10 years or so and is back to managing himself. </p><p></p><p>I’ve talked to him at length and he says 1-3 units or homes isn’t worth the headache. Having 5-10 starts to make it worth it but it becomes a second full time job. </p><p></p><p>He’s has been able to handle this while running his electrical firm so his schedule is somewhat flexible but it still is a 7 day work week. </p><p></p><p></p><p>Sent from my iPhone using svtperformance.com</p></blockquote><p></p>
[QUOTE="coposrv, post: 16167145, member: 63412"] My father has owned at one time 130 rented units over about 30 buildings in the metro Boston area. From the backbay all the way west down the marathon route. He didn’t end up using a property management firm until he had 20 or so units. No matter what someone was always in court and he could have hired his own construction company to keep up with all the necessary maintenance and repairs. The PM firm he used handled all advertising, leasing, and rent collection. He would purchase them and completely renovate and replace all appliances. Basically building a brand new apartment. He’s sold off quite a few over the last 10 years or so and is back to managing himself. I’ve talked to him at length and he says 1-3 units or homes isn’t worth the headache. Having 5-10 starts to make it worth it but it becomes a second full time job. He’s has been able to handle this while running his electrical firm so his schedule is somewhat flexible but it still is a 7 day work week. Sent from my iPhone using svtperformance.com [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Who's in the rental house business?
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