Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Tenant Advice#multifamilyinvesting #multifamilystrategy #realestatecontent #realestatetips

5 Feb 2025 · 1 min

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In this brief monologue, the speaker emphasizes that tenants who maintain clean, organized units tend to be responsible in other aspects of their lives, leading to less wear and tear on the property. Conversely, non‑paying tenants cause the most damage. By retaining high‑quality, long‑term tenants across a large portfolio—illustrated with a 72‑unit example—property owners can dramatically cut maintenance, leasing, and placement expenses, potentially saving six‑figure amounts annually. The speaker frames this insight as a crucial piece of advice for multifamily investors.

Chapters

The people with clean floors who have a really nice organized unit, much more likely to be organized in other areas of their life. Your non-paying tenants usually cause the most damage. If you can keep a tenant longer who is a fantastic tenant who puts less wear and tear on your property, you actually make an astronomically higher amount of money, especially over a 72-unit portfolio. Roll that 72 times, you're saving thousands and thousands of dollars. You're saving 6 figures on the leasing every year by not having the same maintenance cost, by not having the same placement cost. Dude, I mean, that is a big deal and a great piece Advice.