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There is a lot of responsibility in managing an asset physically. Property management means managing tenants and dealing with owners, as well as all ancillary things that are challenging to people, including collecting rents, screening tenants, and handling maintenance issues. That’s what makes real estate investing a little bit challenging for people. From a business aspect, cash flow becomes important.
In this multi-family class, John Dessauer discusses income minus expenses equals net operating, minus debt service equals cash flow. This flow is what John looks at all the time. Not only in business, but with his investment assets and from the property management side of things. If this was a widgets company, this would be the operations of how that widget company is run. This is really where the rubber hits the road for real estate investors. No matter if someone is investing in single family houses, or multi-family, or office buildings, or any other type of real estate, they have to have operations with that real estate. It becomes the job of the property manager to manage this flow. The investor wants to maximize the income that comes in and minimize the expenses that go out. That way there is a healthy and robust net operating income.
Northwest Real Estate Investors Association1050 25th St SE #12945, Salem, OR firstname.lastname@example.org managed by Public Affairs Counsel
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