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Tue
27
Feb
The Editors's picture

How To Build Wealth Through Apartment Investing

How To Build Wealth Through Apartment Investing

How to build wealth through apartment investing is the subject of this blog by veteran real estate investor and syndicator Vinney Chopra. He takes a look at apartment investing and the steps it provides to building wealth.

By Vinney Chopra

Apartment investing is an excellent way to build wealth because of the strong cash flow that is provided by owning multiple apartment rental units.

This type of investing builds wealth much faster than owning a single-family home because you have multiple tenants paying each month and a greater cash flow to use to grow your business.

And that is the key. How to grow your apartment investing business so that you build real wealth into your life.

I learned early in my investing career when my wife and I bought our first apartment building about 30 years ago and kept on purchasing lots of them over the years.

Tue
27
Feb
The Editors's picture

Texas Company Acquires Salt Lake City’s Real Property Management

Texas Company Acquires Salt Lake City’s Real Property Management

 A Waco, Texas based franchise of trade service brands, Dwyer Group, has completed the add-on acquisition of Salt Lake City’s Real Property Management, the largest property management franchise in North America, according to a release.

Real Property Management specializes in franchising a system to franchisees who manage single-family homes, townhomes, condos, multiplexes and small apartment buildings without onsite management. Its services include finding and screening tenants, completing the lease agreements, collecting rent, and arranging for any necessary repairs. Real Property Management offices also manage the legal compliance for local, state and federal real estate law.

Mon
26
Feb
The Editors's picture

Can Enforcing Nuisance Ordinances Lead To Fair Housing Violation?

Can Enforcing Nuisance Ordinances Lead To Fair Housing Violation?

The Grace Hill training tip of the week focuses on the issue of nuisance ordinances and whether they could lead to Fair Housing Act violations.

By Ellen Clark

Nuisance ordinances aim to keep communities crime free, increase property values, and encourage economic development but many nuisance ordinances include domestic violence incidents in the definition of a “nuisance.”

This can have an adverse impact on victims of domestic violence.

 Assess your nuisance policies and procedures to ensure they do not unfairly discriminate against women, who are more likely to be victims of domestic abuse and are a protected class.

Mon
26
Feb
The Editors's picture

Seattle No.1 Multifamily Market In 2018 Passing Los Angeles

Seattle No.1 Multifamily Market In 2018 Passing Los Angeles

Seattle has passed Los Angeles and ranks as the No. 1 multifamily market for 2018, according to Marcus & Millichap’s 2018 North America Multifamily Forecast.

Seattle’s ranking is driven by strong employment, especially the tech section, and rapidly rising home prices that push up rental demand in the Seattle-Tacoma area. Portland rose from No. 6 to No. 5 in the ranking.

Mon
26
Feb
The Editors's picture

5 Questions House Flippers Must Ask A Potential Real Estate Agent

5 Questions House Flippers Must Ask A Potential Real Estate Agent

Sponsored Blog

While there are many ways to purchase a potential flip property, Fixters almost always recommends that beginning flippers work with a real estate agent. It is typically the fastest way to get your hands on a good property and something you can act on now.

With a real estate agent, you can learn from their expertise and work with someone who is familiar with your desired property location and market. Additionally, you add to your house flipping business team and develop a relationship that can bring big rewards in the future.

Recently, I had the opportunity to sit down with my friend and Colorado-based real estate agent, Jennifer Morrissette with HomeSmart Realty Group. I got her insight on the top questions house flippers need to ask a real estate agent BEFORE working with them."

Tue
20
Feb
The Editors's picture

Two Portland Landlords Resign From Rental Services Commission

Two Portland Landlords Resign From Rental Services Commission

Two Portland landlords have resigned from the Rental Services Commission in protest after Mayor Ted Wheeler flip-flopped on his position about small landlords and Portland’s relocation ordinance, according to reports.

Wheeler now wants to remove the current exemption for small landlords who own only one property. The relocation ordinance requires landlords to pay moving expenses if they evict a tenant for no-cause or increase rent more than 10 percent.

Tue
20
Feb
The Editors's picture

If HUD Calls Do You Have Documentation To Defend Yourself?

If HUD Calls Do You Have Documentation To Defend Yourself?

The Grace Hill training tip of the week focuses on the issue of documentation to help property management professionals defend themselves in the event of a Fair Housing Act discrimination charge.

 By Ellen Clark

Earlier this year, the U.S. Department of Housing and Urban Development (HUD) awarded $37 million to more than 150 national and local organizations working to confront Fair Housing Act violations.

The enforcement will come through testing, filing fair housing complaints, and investigations by these organizations.

 In order to successfully defend your decisions, policies, and practices, as well as demonstrate that all persons were treated the same, your documentation must be complete and contain relevant facts. This seems like a good time to talk about documentation.

Tue
20
Feb
John Triplett's picture

Millennials' Expectations Driving Maintenance Changes

Millennials Expectations Driving Maintenance Changes

A study by a new company found millennials’ service expectations in apartments and rental homes are driving changes in both property maintenance and maintenance staff and the tools used to perform their jobs.

By John Triplett

Rental Housing Journal

High turnover in the maintenance ranks is a problem in multifamily housing, especially among millennial maintenance personnel. They like easy-to-use technology applications on their smart phones and not old paper-based maintenance processes. That is why the company, Facilgo, did the study to research these questions.

Tue
20
Feb
The Editors's picture

Mold Preventative Maintenance For Kitchens, Basements And Bathrooms

Mold Preventative Maintenance For Kitchens, Basements And Bathrooms

Mold preventative maintenance for your rental property is the maintenance checkup this week, provided by Keepe. Knowledge about what causes mold growth and mold preventative maintenance is key to guaranteeing a safe, healthy living environment for tenants.

Property managers need to know not only causes of mold growth, but how to prevent it in certain parts of the property.

 

What makes a room mold-friendly?

Mold only grows and thrives in spaces that present its ideal living conditions, especially basements, bathrooms and kitchens.

To prevent mold from forming and continue growing, it’s fundamental to address the elements causing a certain environment to become mold-friendly.

Mon
19
Feb
The Editors's picture

Multifamily Construction Starts Down In Many Top Metro Areas In 2017

Multifamily Construction Starts Down In Many Top Metro Areas In 2017

The 7% drop for commercial and multifamily construction starts at the U.S. level in 2017 reflected mostly a multifamily pullback, according to Dodge Data and Analytics.

Multifamily construction starts at the U.S. level in 2017 dropped 12% to $84.9 billion, which followed a 10% increase in 2016 ($96.1 billion).  Commercial building construction starts in 2017 slipped 3% to $109.8 billion, staying close to the 2016 level ($113.1 billion) achieved with a 22% hike that year, according to a release.

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