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Multi-Family and Apartment Investing

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Lisa S.
  • Investor
  • Alexandria, VA
3
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18
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Need ideas on how to cut expenses

Lisa S.
  • Investor
  • Alexandria, VA
Posted Aug 28 2015, 14:52

hi all, 

I have 2 small multi family (4 units) and I am getting killed on expenses each month. They are averaging $3500 each month and that's before the bills are paid. Most of the tenants are section 8 and call for repairs to be made literally daily. I'm thinking about asking the property mgmt company to use American Shield or another type of warranty company to get a handle on expenses. Does anyone have any ideas on how to better control expenses under these circumstances?? All ideas welcome 

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