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  • Marc-Cunningham

    Marc Cunningham is the President of Grace Property Management & Real Estate in Denver, CO. Grace Management celebrated its 40th anniversary and Marc was just named 2018 Property Manager of the year by Think Realty. Learn more at www.RentGrace.com.

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1 Comment

  1. Jared Husmann

    Hi Marc,

    I just read your article (and shared it via my social media) and as a commercial agent who specializes in Multifamily I will respectfully disagree with your “Cons.” In my personal and professional opinion, more neighbors can actually be better because as long as you run a quality complex and property vet your residents then “more eyes” can mean more security for issues; although this can be more baby-sitting as you alluded to. In terms of turnover, vacancy, and higher expenses, these can be factored into the purchase as you can review financial statements prior to a purchase as well as run your own financial analysis to prepare for these costs. As for a sale price, the multifamily sector is red-hot right now and has been for over 7 years now! Yes, we will have a turn-around in the market but there will always be buyers for quality investment properties that ultimately put money in an owner’s pocket every month. Thank you for sharing your thoughts on the Pros/Cons of investing in residential!

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