Jason Hartman and Adam start today’s episode answering a listener’s question about whether it’s better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these.
Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants.
[7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily
[10:14] The risks of investing in pooled assets. Don’t violate Commandment #3!
[12:20] RV ratios for apartments will be higher because of shared walls, but don’t let that be your determining factors between the 2.
Mark Dolfini Interview:
[14:53] You have to think of your real estate investments as a business
[17:34] A simple tweak to keep from giving your cell phone number to your tenants
[22:33] Whatever you’re doing, it has to be scaleable
[28:07] The software Mark likes to use