You’ve stepped your investment game up a notch by diving into the not-so-shallow end of the multi-family property pool. Congratulations! But along with that dive comes navigating the churning waters of weighty responsibilities.
We are all familiar with the adage “when it rains, it pours." When it comes to managing real estate—especially if you are single-handedly trying to manage multi-family or small apartment building properties—the demands involved can feel just like a downpour of problems. This collection of anxieties can make it feel like you see little to none of the benefits you had expected.
Turning "Overwhelming" into "Overcoming:" Landlord Tips for Battling Stress
Maybe you never intended to be a landlord. Perhaps you were excited about being a landlord—until you got into the daily grind of your first rental property. Maybe owning rental property was everything you dreamed of, then you acquired a second Novi property, and now it's too much to handle.