All Forum Posts by: Jalen Chanthaboury

@Jalen Chanthaboury

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JalensJournal.com

The single-family rental demand continues to be at an all-time high amid the pandemic. The NHRC Single-Family Rental Market Index reported a score of 74.4 out of 100 for the third quarter of 2020. This signals a vigorous market. The index score is based on leasing activity, household occupancy, and anticipated demand. New residents of the single-family rental home market are adjusting to the realities of working and schooling from home. A majority of the American population can agree that a home is no longer just a place to live. A home has transformed into an environment of business and learning. Nearly 60% of new single-family rental home residents are relocators from urban residential markets. Single-family rentals certainly have become a much more affordable and flexible option for American families.

Although, the median single-family rent prices are slowly increasing over time; rent has increased by 2.5% year-over-year. What's awesome is that even with the skyrocketing levels of demand, the average rental rate for single-family rental homes remains well below the average monthly mortgage cost for owner-occupied single-family homes. It is essentially cheaper to pay rent on single-family homes in comparison to paying a mortgage on them.

The increased demand for single-family rentals could most likely lead to a decade of undersupply in the for-sale market according to the RCLCO Real Estate Advisors market analysts. It seems to me that these single-family rental tenants are in no rush to achieve homeownership. With home prices continuing to remain stagnant, it wouldn't make sense for these tenants to part ways from their affordable and flexible single-family rentals anytime soon. They're satisfied with their living conditions, rent is cheap, work and objectives are being complete. You can't ask for more.

As I've stated on numerous occasions, we’ll see a wave of distressed Real Estate assets up for grabs for pennies on the dollar. I am taking my preparation levels to the maximum extent. I desire to come out of this market correction with triumph.

Lately, I've been primarily focused on expanding my network of local investors, brokers, property managers, contractors, and most importantly, the small community banks. These small community banks are extremely vital in this scenario because they are willing to do everything in their power to help you achieve in your endeavors. It's inevitable that a majority of these community banks will possess a great number of high-potential, distressed assets in these next 6-8 months. And I know they won't have any intention of keeping these properties on their books so they'll most certainly be letting these go for pennies on the dollar. It's best that I build these relationships with the banks now so when that 6-8 month mark arrives, I've already got exclusive access to these discounted properties without having to budge. And on top of that, expanding my resources of property managers, contractors, brokers, and investors will only provide me so much creativity to utilize in this opportunistic process.

When April of 2021 hits, I will be sure that I've performed the necessary market analyses and due diligence, assembled a competent crew, and secured an abundance of investment capital.

My advice to you all: Don't be late to the party.

Hello BP,

I’m looking to get in touch with any Active Property Managers specializing in Residential Multi-Family Real Estate in the Chicagoland Area (NW Suburbs). I feel like there are ways I can bring value to you and your business.

Any recommendations are highly appreciated.

@Dan Naumowicz

Dan, I highly appreciate your comment. Let’s schedule a time to talk.

Hello BP,

I am in search for a reliable General Contractor that does business in the Chicagoland area (NW Suburbs). My game plan is to acquire one multi-family asset and one fixer upper by the end of the year. Looking to see who’d want my business.

Any recommendations are greatly appreciated!

Hi BP,

I’m looking for a reliable Property Manager in the Chicagoland area. Looking to acquire a multi-family asset by the end of the year. Would love to see who’s want my business.

Any recommendations are appreciated.

Hi BP,

I’m looking for a reliable GC in the Chicagoland area. Looking to acquire a multi-family asset and complete a fix and flip by the end of the year. Would love to see who’s want my business.

Any recommendations are appreciated.

@Jalen Chanthaboury

Have been looking into being a realtor obviously. But right now, looking for other options that’ll consist more of learning from accredited investors.

Hi BP,

I’m 20 years old and currently not in school right now. I’m searching for Real Estate Related Jobs (no degree required) that will help grow my Investing knowledge, all while I’m waiting to invest.

Any recommendations would be very much appreciated.