8 Places to Find New Multifamily Tenants
Wednesday, September 14
The demographic of potential apartment tenants are connected through all the channels you already know from Facebook to Apartments.com. Consider, however, that most of your new customers are from a very small radius, anywhere from one to five miles from your multifamily asset. Whereas most may ...
Multifamily is About to Have a Good Decade
Monday, September 12
We've heard much in recent months about the shadow rental market and how foreclosures are competing with multifamily for renter's. Remarkably, multifamily defaults have not skyrocketed throughout these massive shocks to our financial system. Multifamily properties remain stable, continuing to ...
Banks, Litigation and Mortgages
Thursday, September 08
Reports say major banks may have sold more than $200 Billion dollars in fraudulent mortgage securities. Large banks will be in litigation for years to come from the recent implosion of mortgage-backed securities. At the end of the day, who wins? JP Morgan and Bank of America are on the hit list...
Property Management: 5 Things We Do Not Do
Thursday, September 01
In property management, we are on call 24/7. We have to answer every call (even the annoying ones). Some things can wait until the light of day. Other matters require finding the bunny slippers at two a.m. to make that call to on-call maintenance (while praying they answer!). Here are a few mis...
Property Management: The Reasonable Person
Sunday, August 28
Hurricane Irene is a reminder that bad things happen indiscriminately. Power outages and downed trees are no respecter of persons. This year, Tornadoes in Alabama and Missouri leveled entire neighborhoods. What responsibility does property management have when an entire city is on the edge of...
10 Creative Ways to find $10,000 on Property
Wednesday, August 24
Following are ideas on finding $10,000 this year on property. Some of these ideas can produce $10,000 by themselves. Some may reduce costs and drop additional cash to net operating income (NOI). Professional athletes know this well; it is not any one thing they do that makes for success, it is ...