Being an out-of-state investor has advantages and disadvantages. Bill Manassero feels that there are definitely more advantages than disadvantages, but this month, he is dealing directly with some of the disadvantages of living away from your properties – what to do when your property needs serious attention. His response: move out there and take care of business! In this episode, Bill shares his “view from the trenches” with an update on week 3 of living in his 22-unit apartment in Indianapolis.
For those of you who are regular listeners, you know I hit the road for Indianapolis on Oct 4 to move into my 22-unit apartment (see episode 038). The purpose of the trip was to:
Had to take time to fully-access what was needed to boost occupancy and finanlize plan.
Divided areas of focus into 6 key categories
Immediately met with property manager
Better understand tenant mindset by surveying each tenanat
Still have a week and a half to go…
So, until next time, remember CASH FLOW IS KING AND REAL ESTATE INVESTING THE MEANS. Thanks again for listening and God bless!
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