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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Fri
09
Dec
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REI2DAY: Economic Optimism Hits Decade High, HUD Bans Smoking & More

REI2DAY:  Economic Optimism Hits Decade High, HUD Bans Smoking

Economic Optimism Hits Decade High

According to the latest Investors Business Daily’s Economic Optimism Index, economic optimism rose 3.4 points to 54.8 – the highest reading in a decade.  The IBD’s Economic Optimism Index is a composite of three major sub-indexes that track views of near-term economic prospects, the outlook for personal finances over the coming six months and views of how well government economic policies are working.  Click here to read more.

 

HUD Bans Smoking in all Public Housing

Fri
02
Dec
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REI2DAY: Five Real Estate Trends That Will Shape 2017 & More

REI2DAY:   Five Real Estate Trends That Will Shape 2017 & More

Federal Judge Blocks Overtime Rule Implementation

Just before Thanksgiving a federal judge in Texas issued an order blocking implementation of Department of Labor rules that would extend overtime regulations to cover millions of additional workers, scheduled to take effect on December 1st.  The judge ruled that, under current law, the USDOL cannot decide which workers are eligible for overtime based on salary levels alone.  The original case was filed last September by twenty-one states and various business groups arguing that 2015’s new overtime rules were violation of the constitution and exceeded congressional authority.  Click here to read more.

 

Americans Are Moving Less

Tue
29
Nov
Larry Arth's picture

13 Things Baby Boomer Renters Want And Landlords Need To Know

13 things Baby Boomer renters want that landlords need to know

A study estimates at 2.2 million seniors will be entering the rental market over the next eight years. This group of potential tenants desires to be less tied down to the responsibilities of maintaining a home.. Here is a look at 13 key things these Baby Boomer renters want that landlords need to know

By Larry Arth

As a real estate investor and landlord myself I understand that tenants are the pillars of our business.

13 things Baby Boomer renters want and landlords need to know

Larry Arth

Working with hundreds of investors, I carry a high level of interest in the the kinds of tenants who represent our customer base. I trust that you, as a diligent investor and landlord, do as well.

Fri
25
Nov
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REI2DAY: SFRs, Housing Starts, Best Pub Crawl Cities

REI2DAY: SFRs, Housing Starts, Best Pub Crawl Cities

Housing Starts Hit 9-Year High – Jump 25%!

The Commerce Department reported that privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,229,000. This is 0.3% above September’s rate of 1,225,000 and is 4.6% above October 2015.  Single-family authorizations in October were at a rate of 762k; this is 2.7% above September’s 742K.  Authorizations of units in buildings with five units or more were 439k in October.  Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,323,000.  This is 25.5% above September’s number and is 23.3% higher than October 2015.  Click here to read more.

 

Top 10 Cities for the Perfect Pub-Crawl

Mon
21
Nov
Larry Arth's picture

My Top 7 Landlord Mistakes

Top 7 landlord mistakes - no. 1 too quick to fill a vacancy

If you have not made any mistakes as a landlord, you probably have not been in the business that long. One of the best ways to learn is from other people's mistakes. So veteran landlord and investor Larry Arth shares some of his mistakes as a landlord and what he has learned.

By Larry Arth

Learning from your mistakes so you can master your business is the key to your success.

You can learn from other people’s mistakes, so I would like to share mistakes that I have either personally made or have watched investor-clients make.

No. 1 - Being too quick to fill a vacancy

I often see new landlords and investors fall prey to this one.

I, too, many years ago made these bad judgment calls (never again). It is easy to drop your standards when a unit is about to become vacant.

Emotions take over and a prospect comes to you waving cash at you.

Fri
18
Nov
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REI2DAY: Flips, SFRs & Air B-n-B

REI2DAY:  Flips, SFRs & Air B-n-B

Mortgage Bankers See Increase in Originations

The Mortgage Bankers Association predicts that it expects to see $1.10 trillion in purchase mortgage originations during 2017, an 11% increase from 2016.  On the flip side, the MBA says that refinance originations will decrease by 40%.  They attribute this to strong household formation, job growth, rising wages, and continuing home price appreciation into the foreseeable future.  Click here to read more.

 

 

America’s Most Flipworthy Hotspots

Thu
17
Nov
John Triplett's picture

Luxury Arizona Apartment Community Acquired By Olympus Property

Luxury Arizona Apartment Community sold

A two-year-old, luxury, gated apartment community in the fast-growing South Price Corridor in Chandler, Arizona has been purchased by Olympus Property of Fort Worth, according to a release.

Olympus purchased Vive, a 194 unit Class "A" apartment community completed in 2014. The community is on 10 acres in the strategic location of the South Price Corridor submarket. The property features a 24-hour state-of-the-art fitness center, resort pool with spa, clubhouse with billiard table, cinema room, and an outdoor fireplace with seating. Interior amenities include some of the most premier finish outs in the entire Chandler submarket.

Thu
17
Nov
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Biggest Mistake New Investors Make in Due Diligence

Biggest Mistake New Investors Make in Due Diligence

Biggest Mistake New Investors Make in Due Diligence

By Charles Dobens, www.multifamilyinsight.net

What is the biggest mistake new investor  make in multifamily due diligence?  Due diligence is where many new investors start to go astray.  They find a deal, make offers, get an offer accepted, put it under contract and then start the due diligence process.  During the due diligence process their entire focus is centered around the real estate. They interview and negotiate rates with property inspectors.  They set up a date and time that they will go through each and every unit looking for the most egregious example of poor management so that they can go back to the seller and negotiate a repair allowance.

Mon
14
Nov
John Triplett's picture

A 32-unit San Diego apartment community sold for $6.2 million

Apartment community sold in San Diego to Bascom Group

A private equity firm specializing in value-added multifamily and real estate related investments has purchased a 32-unit San Diego-area apartment community for $6.2 million, according to a release.

The Bascom Group, headquartered in Orange County, California, purchased Hillside Terrace in Vista, California $193,750 per unit or $228.00 per square foot.

 “We’re acquiring a well located, stabilized building that is ready for renovations in an expanding north San Diego economy,”  Lee Nguyen, Senior Vice President for Bascom, said in the release. “Our San Diego projects have performed well over the years so we are excited about the project.”

Fri
11
Nov
admin's picture

REI2DAY: Median Rent, Construction Employment, Metlabs & More

REI2DAY:  Median Rent, Construction Employment, Metlabs & More

U.S. Median Rent for One-Bedroom Apartment $1,126

Rental information site Zumper recently released their National Rent Report for November that showed another month of mixed results across the country with their index falling for the 3rd straight month.  The national average rental rate for one-bedroom units fell 0.9% to $1,126 while the 2-bedroom average fell 0.5% to $1,344.  Click here to read more.

 

Construction Employment Increasing

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