A very common multifamily operating mistake is giving an employee a free unit. This lowers our NOI which in turn lowers our property values! It can also be a gigantic pain in the ass!
Investment Strategies, Operating Mistakes
Common Operating Errors: Employee Units
Tyler Deveraux
Tyler lives in Maui, HI and has been investing in real estate for 13 years. At 21 he acquired his first student rental property, quickly understood the potential of the industry, and never looked back. In that time he’s been a part of over 100 real estate transactions consisting of everything from small single family flips to larger multi-family repositions. Tyler currently controls assets throughout Alabama, Texas, Ohio, and North Carolina. Tyler attributes a lot of his success to the foundational knowledge he acquired from David Lindahl’s training, David is one of the nations leading experts in the multi-family space. Now, aside from building his own portfolio and spending time with his family, Tyler teaches that same training to help new and seasoned investors acquire multi-family properties. He has an innate desire to build relationships, provide service, and help people experience a better quality of life.