Cathy Fontana's Blog – May 2012 Archive (2)

Investors too often approach the decision to buy a multifamily property without a support system, but the smart money is made when they team up with property managers well before closing. A property manager who knows multifamily property management is an irreplaceable asset for a buyer for many reasons, but there are three primary advantages these real estate professionals bring to the table when shopping for an apartment building to enhance your investment…

Investing a large amount of money into multifamily properties can be risky for the unprepared. Answer the following questions and check your answers at the end to determine if you're ready to start shopping for properties.

1. Which of the following functions are the responsibility of an apartment manager?

 a)   Lawn and landscaping services

 b)   Pest control

 c)   Tenant relations and dispute mediation

 d)   Emergency repairs (HVAC, plumbing, electrical,…