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Need Advice: Contact Types or Relationships

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I'm trying to decide which route to go. The simple structure is, I have houses. For those houses I have a tenant, an owner and a property manager. These are key pieces of info that could potentially drive lookup views, reports, and many other processes. Should I create a custom field on the contact that stores these and other roles or should I use the built in relationships feature? Would love to hear your opinions.


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