RHJ Investor

RHJ Investor is the department of Rental Housing Journal that speaks specifically to the interests and needs of real estate investors and apartment owners. Whether you're part or a REIT (real estate investment trust) , independently own large apartment communities, are a small landlord with 1 or 2 rental homes or choose to fix and flip, RHJ Investor is a great source for information. This site features how-tos and best practices for buying and selling property, real estate taxes, choosing property management and maintenance vendors, 1031 excahnges & TICs, apartment financing, budgeting and much more.

RHJInvestor.com is sponsored by National REIA

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Tue
16
May
The Editors's picture

Soft Landing Or Bumps Ahead For Multifamily Investment?

Multifamily investment looking ahead to the next 12 to 24 months by Yardi Matrix

The economic forecast for multifamily investment for the next year or two is that it is good enough to maintain occupancy, but rents may not be what people are hoping for, according to a new report from Yardi Matrix.

Jeff Adler, vice president and general manager of Yardi Matrix, said in a webinar that, “We are coming in for a soft landing – driven by supply. While demand is good, we are in for a busy 12 to 24 months,” he said.

“Things are getting absorbed, but not at rents people were hoping for,” Adler said as multifamily supply will peak in 2017.

“In my view the macro economic conditions are good, not great, but they are pretty good,” Adler said. “And they are generating good job growth with 150,000 to 200,000 jobs per month. This is good enough to maintain occupancy - and decent - but continued deceleration of rent growth is happening.

Thu
11
May
The Editors's picture

Seattle Affordable Housing Complex Wins HUD Award

Seattle affordable housing plaza wins HUD award

Seattle’s Plaza Roberto Maestas, a mixed use affordable housing project, has won the 2017 U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) Creating Community Connection Award award, according to a release.

The award recognizes projects that incorporate housing within other community amenities for the purpose of either revitalization or planned growth.

Plaza Roberto Maestas is a landmark equitable transit-oriented development project in Seattle's Beacon Hill neighborhood, according to the release.

The project incorporates the community's vision into a new mixed-use development in a rapidly gentrifying neighborhood.

Tue
02
May
The Editors's picture

Deceleration In Multifamily Pricing Contributes To Slower Growth In Commercial Index

Multifamily in the West commerical price index from CoStar

Multifamily was the slowest growing property type index in the first quarter of 2017, according to the CoStar Commerical Repeat Sales Indices.

The report says amid slower rent growth and heightened construction levels at the top end of the multifamily market, pricing in the Multifamily Index advanced 1.9% in the first quarter of 2017, a moderate deceleration from its quarterly average pace of 2.9% over 2015 and 2016, according to a release.

The U.S. Multifamily Index increased by 1.9% in the first quarter of 2017, the slowest rate among the major property types, although recent annual gains of 9.1% in the 12-month period ending in March 2017 are still healthy.

Thu
13
Apr
The Editors's picture

Apartment Returns Shifting To Secondary Markets

apartment returns shifting to secondary markets

Two researchers report that secondary markets are becoming more attractive for apartment returns now, and for the next few years, according to John Burns Real Estate Consulting.

Adam Artunian, a senior manager, and Alex Wilson, research analyst, report that secondary apartment markets and “what we call surban locations - desirable suburban locations with urban amenities- have shifted to become outperformers.”

Secondary markets, determined by historical permit activity, have had less construction than primary markets and remain more affordable.

Tue
11
Apr
The Editors's picture

Immigrants' Strong Desire for Homeownership Will Shape U.S. Housing Markets

immigrants impact on housing in the future

A new report says the housing and neighborhood location choices of immigrants will have a significant impact on urban growth in the U.S. for decades to come, particularly as more foreign-born residents seek to own homes in suburban communities, according to new research from the Urban Land Institute's Terwilliger Center for Housing.

Immigrants seeking to own homes as well as those renting homes are increasingly drawn to the suburbs for employment and lower costs, the report says. Homebuilders and developers who can deliver the housing options immigrants want and need stand to benefit in the years to come.

Mon
20
Mar
The Editors's picture

To Yield Or Not To Yield?

Prepayment penalty and choices in an era of rising interest rates

Sponsored Blog

Prepayment Penalty Choices In The Era of Rising Interest Rates

By Eli Glanz, President, Alpha American Capital

Most commercial mortgages, particularly fixed-rate mortgages, have some sort of prepayment penalty. Lenders impose such a penalty to earn back some, or all, of the interest income they would have earned had the mortgage remained outstanding for its entire term.

Prepayment penalties generally come in one of three flavors: defeasance, yield maintenance or a percentage fee. For those of us who focus on financing multifamily properties, the last two options are what we will encounter most often as those are the options offered by the agencies (Freddie Mac and Fannie Mae).

Thu
09
Mar
The Editors's picture

Home Flipping Hits 10-Year High In 2016

Home flipping hits 10-year high in 2016 http://www.realtytrac.com/news/real-estate-investing/2016-year-end-u-s-home-flipping-report/

Low inventory and a flood of capital pushed the home flipping rate to a 10-year high in 2016, according to a new report from ATTOM Data Solutions.

Homes flipped in 2016 sold for a median price of $189,900, a gross flipping profit of $62,624 above the median purchase price of $127,276 and representing a gross flipping return on investment (ROI) of 49.2 percent. Both the gross flipping dollar amount and ROI were the highest going back to 2000, the earliest home flipping data is available for the report, according to the release.

“Investors in search of flipping returns are increasingly willing to move to secondary and tertiary housing markets and neighborhoods with older, smaller properties that are available at a deeper discount,” Daren Blomquist, senior vice president at ATTOM Data Solutions, said in the release.

Mon
06
Mar
Larry Arth's picture

How Well Do You Manage Your Property Manager?

For owners and real estate investors Larry Arth asks,"How well do you manager your property manager?"

Veteran real estate owner and investor Larry Arth has a great property manager who he has worked with for years. Other owners and  investors struggle at times to find the right management style themselves to work with a property manager. Here are some thoughts on how to make the relationship between owner and investors and property managers work better.

By Larry Arth

I was having a conversation recently with an investor who owned a rental property free and clear and had been happy for years that all things were going well, with tenants paying regularly and checks coming in on time.

For the past five years, this investor was collecting rent checks from the property management company like clockwork. The property management company had been sold to another owner a few years back, but things were still going well. The checks came in right on time every month.

Just what an investor wants from a good property management company, right?

Mon
06
Mar
The Editors's picture

Company Wants To Be The “Schwab” of Real Estate Investing

Company wants to be the "Charles Schwab" of real estate investing

A company, headed by the former co-founder of RealtyShares, has launched a platform it says will build, manage, and rebalance a portfolio of 75 to 100 real estate loans for investors using crowdfunding to make it easier to invest in real estate, according to a release.

Fri
17
Feb
The Editors's picture

The Informed Investor – Utilizing Exchanges

The Informed Investor – Utilizing Exchanges

The Informed Investor – Utilizing Exchanges

 Roger W. Bowlin | Real Estate Transition Solutions, LLC

Savvy real estate investors know that 1031 exchanges are a tool unlike any other for maximizing their investment real estate holdings. 1031 exchanges can be applied in numerous ways to facilitate portfolio growth, cash flow, diversification, estate planning or many other objectives investors pursue. Every investor should be familiar with exchange mechanics, considerations and replacement options. 

Throughout the following six issues of OnSite, we will provide key educational articles for owners focusing on 

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