All Forum Posts by: Charles Loughin

I have a triplex and 2 singles in reading. I started out in 2010 using a property management company. After loosing money for 3 years I finally fired them. That was the best decision I could have made, Not only do I keep the first months rent, my net increased by 10% of the gross, automatically. I can select better tenants which translates into long term occupancy. I never had any problems renting in Reading it seems like they are lined up at times.

I started in 2010 with a 3-plex and I've since added two single homes to my portfolio. The singles net a better return then the 3-plex so I am concentrating on them. I found that focusing on the mechanics of the buildings up front has reduced vacancies, repair costs, and simplified my life.