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Tue
26
Dec
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Single-Family vs Multifamily Real Estate Investing

single-family vs multifamily real estate investing

Single-family vs multifamily real estate investing? It is a question many real estate investors ask again and again. Certainly there are advantages to both. Starting out as a single-family investor, veteran multifamily investor Vinney Chopra shares his thoughts on this question.

By Vinney Chopra

When I started my real estate investing career about 30 years back, I thought buying single-family homes to rent was a great investment and would potentially secure my future wealth.

So I began buying single-family homes and learning the business that went with it, such as financing, upkeep and the challenges that went with it. Since they were scattered in many states we chose to hire property management companies to manage them. The cash flows were erratic but the tax benefits of owning and renting them was good.

Tue
26
Dec
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7 Tech Gadgets For A Safer And More Efficient Rental Property

7 tech gadgets for a safer and more efficient rental property

Tech gadgets are showing up everywhere these days for rental property. The maintenance checkup this week provided by Keepe focuses on ways to use this technology to be sure you are protecting your investment and income as well as keeping your tenants happy.

From voice-controlled assistants to app-powered tools, smart home technology has been all the rave lately.

At the heart of smart tech gadgets is the goal of maximizing efficiency, allowing users to best manage their resources, personalize and improve their spaces.

7 tech gadgets for a safer and efficient rental property

For this reason, several of those gadgets can be a great investment for property managers and landlords, as they provide cutting-edge ways to improve property management and make properties more appealing to tenants who value safety and efficiency.

Tue
26
Dec
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7 Predictions For Housing And Property Management In 2018

predictions for housing and property management in 2018

Predictions for housing and property management are things a property manager or landlord rarely have the time to look at. So here is a quick guide from the folks at Buildium.com that looks at 7 predictions for 2018. The start of a new year is the perfect time to pause and reflect on the larger forces at work in the real estate and housing world  impacting your job.

“We know that you don't have the time to find out what hundreds of experts have to say about the 2018 real estate market. That's why we did it for you—and we’ve boiled down our extensive research into 7 quick predictions to help you prepare for the challenges you can expect to face,” Buildium.com writes.

Thu
21
Dec
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Seattle Last Of The Boom Markets To See Rents Moderate

Seattle Last Of The Boom Markets To See Rents Moderate

Seattle is the last of the apartment boom markets to begin to see rents moderate, according to a release from Axiometrics.

Seattle was one of the top major metros for effective rent growth back at the peak of this apartment cycle back in 2014 and 2015. And rent trends in the Emerald City area have remained among the elite as the national market moderated in 2016, Dave Sorter reports for Axiometrics.

Tue
19
Dec
The Editors's picture

How To Buy Multifamily Investment Property With No Money Down

How to buy multifamily investment property with no money down

How to buy multifamily investment property with no money down may sound like some late-night cable television guru pitching products. But there are certain circumstances where the right seller, the right buyer and the right property can work out. So what are some good ways to look creatively at this challenge? This week veteran multifamily syndication investor and mentor Vinney Chopra shares some ideas for you to think about in buying multifamily investment property.

 

By Vinney Chopra

Financing multifamily investment property is something many of my student-investors struggle with, and think that they need many thousands of dollars in cash to get into this type of investment.

You need to think creatively about how to use money from other sources to put together ways to buy a multifamily investment property.

Tue
19
Dec
The Editors's picture

Language Proficiency Is Issue HUD Is Watching Closely

language proficiency is issue HUD is watching closely

The Grace Hill training tip of the week focuses on limited English language proficiency and a recent discrimination complaint regarding preferential treatment of English-speaking, white housing applicants compared to Spanish-speaking Latino applicants.

By Ellen Clark

It is important to make sure all employees understand the connection between language proficiency and federally protected classes, because the U.S. Housing and Urban Development (HUD) is watching this area.

Recently, the Greenfield Housing Authority settled a discrimination complaint with HUD regarding preferential treatment of English-speaking, white housing applicants compared to Spanish-speaking Latino applicants.

Tue
19
Dec
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5 Maintenance Tips For Long-Lasting Rental Carpet Flooring

5 Maintenance Tips For Long-Lasting Rental Carpet Flooring

Flooring in rental properties is always a challenge, especially getting your rental carpet flooring to last longer. The maintenance checkup this week provided by Keepe focuses on ways to make your carpet last longer and be sure you are protecting your investment and income as well as keeping your tenants happy.

Rental carpet flooring can be one of the most high-maintenance parts of a property: signs of wear and tear as well as stains and dirt are most visible on carpet.

Poor carpet care is easy to spot and tough on the eyes, which can make an otherwise appealing space loose its value. Improving poor carpet conditions generally means needing a complete replacement, which can be a lengthy and costly project. The tips below outline more affordable and effective ways to protect carpet floorings and preserve their longevity.

No. 1 - Consider stricter pet policies

Carpet is not a pet-friendly surface.

Tue
19
Dec
The Editors's picture

Investors Buy Two Seattle Area Apartment Complexes For $132 Million

Investors buy two Seattle area apartment complexes for $132 million

A private San Diego-based real estate investor and operator has purchased two Seattle-area apartment complexes with a total of 467 units in Woodinville and Lynnwood, Washington, according to a release.

MG Properties Group purchased the Beaumont Apartments in Woodinville and Newberry Square Apartments in Lynnwood, a total of 467 units, for $132.8 million.

"The locations and profiles of these properties make them excellent long-term strategic purchases for MGPG,” Mark Gleiberman, MGPG's Chief Executive Officer, said in the release.

Mon
18
Dec
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More Adults Living With Roommates Due To Rental Prices

More Adults Living With Roommates Due To Rental Prices

As rents across the country rise, the number of working adults living with roommates or parents in order to cut costs and share living expenses has grown rapidly, according to new research.

"As rents have outpaced incomes, living alone is no longer an option for many working-aged adults," Zillow senior economist Aaron Terrazas, said in the release.

 "By sharing a home with roommates -- or in some cases, with adult parents -- working adults are able to afford to live in more desirable neighborhoods without shouldering the full cost alone. But this phenomenon is not limited to expensive cities.

Thu
14
Dec
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Investment Firm Acquires Portland Apartment Community For $60 Million

portland apartment community acquired for $60

A leading real estate investment company has acquired Savier Street Flats, a wholly-owned 179-unit Portland apartment community in  the city's northwest neighborhood for $60 million, according to a release.

“Portland has established itself as one of the fastest growing apartment markets in the United States, and we are pleased to expand Kennedy Wilson’s (KW) presence into a region that is forecasted to continue its upward trajectory,” Shem Streeter, Managing Director at KW, said in the release.

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