Optimizing small portfolio

[Lauren Mattern]

We've collected three condos (1 and 2 bdrm) in central Chicago and one SFH (small 4 bedroom with garage ADU potential) in Austin, TX over the years but not sure we are managing them strategically - overall the four-property portfolio just breaks even. We have one opening up in a month and the Austin SFH lease ends in the summer. We are super busy but want to start to manage portfolio more strongly - the listing, pricing strategy and deciding on if any investments to make to improve the properties slightly (requiring knowing market to know what's worth it). Resources and advice on these topics much appreciated. Thanks!

[Aaron Zimmerman]

For the Chicago based properties, I'd recommend looking up what market rent is. With HOA buildings, there's usually not a ton you can do candidly because most expenses are somewhat fixed like interest, HOA, taxes.

I would look at return on equity to see if the investments are worth keeping and in line with your overall investment goals.