Why We Do Our Own Property Management | Ep. 514

Multifamily Investing Made Simple

So, you're purchasing your first investment property... and there's some work that needs to be done.
If you want to get your rent up to the comp's in the area, you're going to need to add some value to the property, or the units.
You can update the kitchen or bathroom. Maybe you need to replace the carpet? Or you might just need to fix that leaky faucet.
You might be thinking... "Hey, I'm pretty handy. I bet I could do all of this myself". Well, that might be true, but is it worth it? When is it truly cheaper to DIY a value-add project? Or should you just hire out and get the project done fast?
Find out on this week's episode of Multifamily Investing Made Simple, In Under 10 Minutes!
Tweetable Quotes:
"You're gonna learn some valuable skills that can serve you in the future as you're hiring out to vendors and whatnot. But you're not going to be able to scale that way."– Anthony Vicino
"There is an argument to be made that DIY is a really great way to get started, because it changes the risk profile. It's less capital outta your pocket." – Dan Krueger
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