Stories from Suze the Property Manager
Keep up to date with our captivating video series that delves into the often overlooked, human side of managing residential rental properties. In this unique series, we shift the spotlight away from the mere transaction of listing pictures and lease agreements, focusing instead on the rich tapestry of experiences that unfold within the world of property management.
Jeb: Broke & Broken
Jeb came from humble beginnings and as a result, was always frugal about money he was a good saver and, over time, built up enough funds to invest in real estate, purchasing four-quads. These four apartment units were two beds one bath converted military barracks. They were clustered together in a small residential community and served as housing for blue-collar workers and young professionals.
Jeb sold his primary residence and made his home in one of the apartments. When he bought them they were in pretty good condition because they had just been refurbished by the developer. As a result, he decided he could self-manage because little maintenance would be required. With the help of his handyman Tom they were able to tackle most repairs keeping expenses at a minimum and yielding a good return on his investment.
Fast forward 30 years, Jeb isn’t as agile as he once was and is unable to keep up with the demands of managing the properties. He’s starting to make preparations for what he hopes will be a stress-free retirement in Georgia.