RHJ Blog

The Rental Housing Journal blog features thought provoking information and opinions on the multifamily property management and real estate investing industries. RHJ staff editorial, multifamily executives, top real estate investors, and real world industry subject matter experts share best practices, trends and news about investing in real estate, managing apartments, being a Do-It-Yourself landlord, multifamily technology, apartment marketing, Fair Housing and landlord - tenant law, flipping houses, advancing your career in property management, how to market and sell to property managers and real estate investors, new products and services for property managers, financing investment properties, where to find good tenants, how to hire great property management employees, how to choose vendors, best practices in property maintenance and much more.

real estate investing property management blog
Tue
16
Feb
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Crowdfunding Your Next Real Estate Deal

Crowdfunding Your Next Real Estate Deal

By John Notorgiacomo, REIFA

Over the past decade, crowdfunding has been growing bigger and better. However, it’s only really become a hot topic to the public in the past four or five years;  I would postulate that this is because of the advent of platforms like Kickstarter and Indiegogo.  These two sites really opened up the crowdfunding universe to the little guy, businessman and stay at home mom alike, allowing dreams like the “Exploding Kittens” card game and the “Coolest Cooler” to become a reality.

Tue
16
Feb
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Real Estate Investors: FREEDOM!!!!

Real Estate Investors: FREEDOM!!!!

by Scott Whaley

When the Berlin Wall came tumbling down, those of us already on the free side of the wall thought; “That’s great!  I’m happy for you.  Freedom’s good stuff!  I hope you like it!”   Then for those of us on the free side it was back to work and another day in paradise.

It’s funny how we humans can take the best things in life and treat them as unimportant, simply by forgetting what it’s like to not have something. In doing so, we take it for granted and thus, we miss out on what we have to be grateful for. For those in East Germany freedom was a concept that they could hardly imagine how it would feel.  But they knew they wanted it and they knew it would change their lives for the better.  

Mon
15
Feb
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Be Very Careful Investing Out-Of-State

out of state real estate investments

It’s no secret that Portland is a very expensive real estate market. And while rents are high, it is still extraordinarily difficult to purchase a rental property and have it produce positive cash flow.

This fact has led many investors to look out-of-state for better returns. While this strategy is not in and of itself bad, it is one that needs to be approached very cautiously.

I myself moved from Eugene, Oregon to Kansas City to invest in real estate because of the price difference. And while properties cash flow much better here than in Oregon, we made a lot of mistakes early on. Furthermore, I have seen a lot of new investors see their hard earned equity go the way of the Dodo bird as their investments go sideways.

Mon
15
Feb
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Pay and Prey Method of Predicting Skips and Evictions

predicting skips and evictions

The rental housing industry universally regards skips as part of business. Operators expect that some percentage of leases will go bad – and even build those losses into their annual budgets.

Once a source to cover unit damage, security deposits at lease signing are now supposed to protect against this phantom percentage of residents who everyone expects will unexpectedly skip out on the balance of a lease. Regardless of what percentage of a resident population don’t stay throughout their entire lease, the results when residents falter are always the same: income loss, unexpected vacancy, and unwelcome turnaround costs.

Thu
11
Feb
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Four Things To Consider Before Buying an Apartment Building

Four Things To Consider Before Buying an Apartment Building

Multifamily Asset Management

Like many entrepreneurs, it took me a little while to get clear on my passion. After starting out at a NYC based startup, in 2005 when the company was sold I had a choice: continue in the corporate world or start doing real estate full time. I chose the latter.

I am involved with the asset management for many of our multifamily properties, as well as acting as an advisor for our private clients. In either case, I make sure that most of the asset management systems are put in place prior to the purchase of the apartment building. Asset management is all about having systems in place ready to roll before you close on an apartment investment property.

Thu
11
Feb
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How to Improve Your Rental Property

How to improve your rental home this season

This Season Since winter is already here, there are a few chances you can still work on improving your rental home and making it better this season regardless. You will have to work on making some preparations so look for the following examples of things you can make use of to make it work. There are many ways you can lower your energy consumption and still make everything look and be practical. The following examples will give you more information on the subject so you can make it work:

• Sealing your walls

Mon
08
Feb
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The Most Important Thing in Tenant Relations

property manager tenant relations

No one ever said that property management was easy. At least no one did who knew what they were talking about. No matter how well you manage, there will always be tenants who are beside themselves in rage at you with some grievance—real or perceived.

When dealing with an angry tenant, the natural reaction is to dig in your heels and defend your position. “You didn’t pay your rent,” or “you caused those damages” or whatever.

This is, however, the wrong approach.

The correct approach (and the one that will help you maintain your sanity) is to align yourself with the tenant as much as possible. Be on their team, so to speak.

Wed
03
Feb
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Tips for Investors Who Want a Balanced Portfolio

multifamily real estate investment portfolio

Good balance keeps you from falling over. In all areas of of my life, I strive for that healthy balance – of work and play, family and business.  This should carry over to your financial health as well.

Why do I feel that a balanced portfolio should contain multifamily real estate?

Now more than ever, some measure of protection against the natural volatility of the stock market is becoming more and more attractive even to more traditional investors. I am no hater of Wall St. – diversification is always the smart play.  This alternative investment strategy provides the tax benefits of real estate coupled with the dramatic growth within the multifamily market overall.

In this series of articles, we’ll examine the state of the market in general, discuss the benefits of owning multifamily real estate and focus on the drivers behind the performance of the market.  Let’s examine what is driving the apartment market:

Market Fundamentals

Tue
02
Feb
Will Johnson's picture

How to Make Portland Rents Affordable Again: Build, Baby, Build.

housing supply and demand portland

Portland has been my hometown since I was nine years old.  When my father’s career brought us to town, Portland was a sleepy mid-sized city that, outside of a tech industry and sneaker colossus that were both in their infancy, seemed to be a decade behind the larger cities on the West Coast in most ways.

Tue
02
Feb
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Top Tips for Moving in the Cold

apartment moving

It’s winter in North America, and while some areas are feeling it more than others, the cold weather and chilly conditions definitely have an impact. Below are top tips for moving in the cold:

Roll out the carpet

Start the day by salting concrete and shoveling a path through the snow. Use old carpet outside of the house and on truck ramps to create a slip-free pathway.

Protect your floors

Secure non-slip covers on your floors to help protect them - cardboard or plastic with grip work well.

Pack securely

When packing your goods, make sure they are secured and put in boxes that will easily hold their weight. Never over-pack a box!

Watch the clock

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