233: Smaller Properties Can Generate Bigger Profits

It’s hard to achieve economies of scale operating multifamily apartments with fewer than 100 units, but if you buy smaller buildings close to each other, you can gain operational efficiencies that translates into more profit. There’s also far less competition when buying these properties that bigger properties so you can often get better deals. Mark Weinstein, President of MJW investments, has acquired many smaller properties in close proximity and amortized management functions and operating expenses to make these buildings very profitable. Over the course if his career, Mark has acquired over $1,500,000,000 of apartments, student housing, commercial buildings, industrial, and self-storage facilities.