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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Wed
21
May
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Leveraged Acquisitions. Oh No, Not Again!

Rent rates aren’t increasing nearly as fast as the price of existing single family homes in Arizona, especially Greater Phoenix. The price an investor has to pay to add an additional property to their portfolio is much closer to a retail price and is rising. It is difficult to predict price and if you try to predict price out into the future, you will be wrong far more often than you will be right. So, while price is “expected” to remain flat for a period of at least a few months, it is difficult to know for sure.
We know is it is much more expensive to acquire a property than it was last year, the year before that and the year before that, and the year before that. The issue? When is history going to repeat itself for the rental property owner? Okay, I’ve kind of talked in circles. Here is what I’m getting at.

Wed
21
May
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Understanding the Financial Music

It’s a given that real estate is cyclic – and knowing as much as possible about these cycles can be a significant help in maximizing values or perhaps, avoiding a disaster. In general, the four phases of every cycle are: Recession, Recovery, Expansion and Oversupply. Knowing where you are in the cycle is critical as we all found out in the fall of 2008 when commercial values fell off the table. Looking at the cycles in terms of “financing” provides further insight into the cycles and should help investors appreciate the current opportunities and predict when the music will again stop – and it will. To provide clarity – let’s take a look at the past.

Wed
16
Apr
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Tips for Rental Housing Owners

Tips for Rental Housing Owners
Researching frequently promoted tips for rental housing owners brought up a plethora of topics related to the functioning and financial survival of properties. Ultimately I want to narrow in on three different factors that I feel make the biggest impact on a smoothly operated building. Three business mannerisms which have been around forever but are now requiring methods of modern improvement are documentation, exceeding customer expectations and obtaining insurance coverage.

Wed
16
Apr
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Dupre & Scott Video Report: AVOID PILASTER DISASTER

AVOID PILASTER DISASTER Looking at archeological treasures makes it clear how important it is for apartment investors to set aside enough of a replacement reserve to take care of capital expenses. Because if you don't, we really don't think you will be able to charge tourists $50 to see your apartment ruins.

Tue
01
Apr
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Exit Strategy: How do you know when it is time for you to sell or trade up?

How do you know when it is time for you to sell or trade up?

By Clifford A. Hockley, President
Bluestone and Hockley Real Estate Services

• Investment goals, do you have them?

Crazy as it may sound, most investors drive blind. They don’t have investment goals, they don’t have a monthly or annual review of their investments, and they don’t have an investment strategy. When you are looking to get off your investment plan you’ll need an exit strategy. Unless you can predict the future you’ll need to know where you’re going to get off on the right exit.
• How do life’s obstacles change our investment strategies?

Sat
01
Mar
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It’s a Buyer’s Market – Is That Good or Bad for Rental Property Owners?

As we exited last year, we were trying to determine if we were headed into a buyer’s or seller’s market. It has become quite clear as we exit January and work through February, we are in a buyer’s market. Michael Orr’s Cromford® Reports Market Index reflects an index of 89.3 (below 100 is a buyer’s market). As I write this article on February 16, 2014, it is clearly a buyer’s market. Others, including many REALTORS® may look at it a little differently, basing their opinion on whether more or less than 25% of the market is selling in a given month. Regardless of how you look at it, everyone should agree, it is a buyer’s market.
Let’s take a look by price range and use the 25% baseline. The first chart includes distressed sales and inventory. The second chart is just normal owner-to-owner sales and inventory.

Wed
19
Feb
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Tips for Rental Housing Owners

Researching frequently promoted tips for rental housing owners brought up a plethora of topics related to the functioning and financial survival of properties. Ultimately I want to narrow in on three different factors that I feel make the biggest impact on a smoothly operated building. Three business mannerisms which have been around forever but are now requiring methods of modern improvement are documentation, exceeding customer expectations and obtaining insurance coverage.

Wed
19
Feb
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Experts On… Buying & Selling

Rental Housing Journal sat down independently with apartment brokerage experts, Joseph Chaplik, Linda Fritz- Salazar and Greg Frick. This is the advice each gave:

RHJ: What advise do you give to an investment property owner when they are considering putting a property on the market?

JC: If you are considering selling, I would recommend working with a broker and brokerage firm that has the following: They should have a specific and sole expertise in the apartment market and a good history of past transactions as well as current activity. Working with the right professional is the main difference with selling correctly or making huge errors.

Sun
16
Feb
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WHY ARE “RENTS” SO IMPORTANT TO YOU AND YOUR BROKER?

<p align="center"><strong><em>WHY ARE &ldquo;RENTS&rdquo; SO IMPORTANT TO YOU AND YOUR BROKER?</em></strong></p>

<p align="center"><strong><em>TIPS for Increasing Rents</em></strong></p>

<p>During the last twelve years of apartment brokerage with the Kasten Long Commercial Group in metro Phoenix, I have brokered plenty of apartment buildings- typically between 10 - 100 units. Most of these are older, &ldquo;B&rdquo; and &ldquo;C&rdquo; class communities. I&#39;ve also had the opportunity to own, renovate, manage and sell some apartments of my own along the way.&nbsp; That&rsquo;s been a real help in understanding challenges owners face with management.&nbsp;</p>

Fri
17
Jan
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Increased Demand for Rental Housing Drives Global Residential Real Estate Investment Trusts

Key profitability ratios such as return on equity and EBITDA margins expected to witness an increase

MOUNTAIN VIEW, Calif., Jan. 14, 2014 /PRNewswire/ -- Higher interest rates, rising house prices, better employment ratios, and reluctance to own houses due to prior foreclosures, are pushing up the demand for rental housing. This is opening up opportunities for residential real estate investment trusts (REITs) globally. Rent growth and decreasing vacancy rates will further boost the profitability of REITs.

New analysis from Frost & Sullivan, Global Residential REIT Industry, based on a study of 108 REITs, reveals the market earned revenues of $23.23 billion in 2012. Key profitability ratios such as return on equity and earnings before interest, taxes, depreciation and amortization (EBITDA) margins rose in 2012, and this trend is expected to continue.

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