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In this episode of Multifamily Strategy, Christian Osgood takes listeners on a tour of one of his latest acquisitions, a 76-unit property that has seen some extreme tenant damage. He humorously refers to one particularly egregious unit as the 'Poonit Part 2,' highlighting the extensive mess left behind by a tenant who had multiple dogs. Christian discusses the realities of property management, including the importance of annual inspections and budgeting for unexpected repairs. He emphasizes that while buying real estate can be profitable, it often comes with significant challenges, such as dealing with damaged units and the need for extensive renovations. Throughout the episode, Christian shares practical advice for landlords, including the necessity of having a capital reserve for unexpected expenses and the importance of maintaining a clean and appealing living environment for tenants. He also touches on the significance of preventative maintenance, such as servicing water heaters and ensuring quiet fans, to avoid larger issues down the line. The episode wraps up with a call to action for listeners to join his free community for additional resources and support in their real estate endeavors. To learn more about the Multifamily Strategy, Creative Finance, Seller Finance, and investing in Multifamily rental properties check out our course and mentorship programs ➡️ https://www.multifamilystrategy.com/ Download our FREE Course on how to get started in multifamily investing! ➡️ https://www.multifamilystrategy.com/g... Follow on Instagram: https://www.instagram.com/christianos... Join our Free Community (and get a free calculator): https://www.skool.com/multifamilystra... Chapters 00:00 Introduction to the Poonit Part 2 01:19 The Reality of Tenant Damage 03:27 Assessing the Damage and Next Steps 05:47 Renovation and Maintenance Tips 08:27 Budgeting for Unexpected Expenses #multifamily #sellerfinancing #creativefinance #realestate