Nationwide

Tue
29
Mar
admin's picture

Increasing Your Property's Bottom Line

rental property bottom line

Owning and managing multifamily properties has its challenges. Two of the most important - keeping residents happy, so they keep paying rent (aka - your direct revenue stream and job security), and simultaneously pleasing the property owner (which almost always results in what shows up on the bottom line each month and at the end of the year). In this article, we won't be covering resident relations, but will be focusing on shining in the owner's eyes and increasing your property's bottom line. Whether you work for the owner or are the owner, consider these tips to decreasing expenses and increasing rental revenue - resulting in a healthier NOI come year end.

Outside Services

Tue
29
Mar
admin's picture

Delaware Statutory Trusts: An Innovative 1031 Exchange Strategy

Delaware Statutory Trust 1031 Exchange

Delaware Statutory Trusts: An Innovative 1031 Exchange Strategy

By Robert Smith and Robert Straton

For many years, owners of investment real estate assets have successfully used Section 1031 of the IRS code to exchange their property for “like-kind” property to defer the payment of capital gains taxes due on the sale of their original property. Most of these investors have traditionally identified and purchased up to three replacement properties in their exchange with the belief that this was their only option.

Tue
29
Mar
admin's picture

Globally Harmonized System in Apartment Maintenance

Apartment Maintenance

We have all had the letters MSDS ground into our psyche for years now, but many still don’t realize that the MSDS will no longer be around after June 15th this year.  Due to a United Nations meeting in 2012 there was a newly adopted format in which all chemical identification and labeling will now follow called “The Globally Harmonized” (GHS) system. Although the US has been at the forefront of chemical safety for the last hundred years, the rest of the world had some catching up to do.  The UN decided it was time to develop and identify one globally agreed upon format that would help consumers, and users, know exactly which chemicals they were using and consuming. They also aimed to create a level playing field for under developed nations to get up to speed quickly and encourage more global trade. 

Fri
25
Mar
admin's picture

REI2Day: Inventory & Mortgage Delinquency Down, Investors Battle First Time Home Buyers & More

Real Estate Investing Today

Nationwide Home Listings Up, Inventory Down

According to data released by RedFin, new home listings across the nation are up 11.9%, year over year, representing the fastest rate of growth since 2013.  Meanwhile overall housing inventory fell 3.7%, year over year, to around 500k homes....However that number is a 4% increase over January.  The national median home sale price saw an increase of  4.8%., year over year.  Click here to read more.

Economist Says Investors Competing With Entry-Level Buyers

Commenting on a recent report about disappointing home sales, the Chief Economist for the National Association of Realtors, Lawrence Yun, said "the main issue continues to be a supply and affordability problem. Finding the right property at an affordable price is burdening many potential buyers."

Tue
15
Mar
Jenny Johnson's picture

How to Hire a Great Real Estate Broker

How to choose a great real estate broker portland oregon

Whether you’re a first time home buyer or a seasoned real estate investor flipping a property, hiring a great real estate broker can make all the difference when it comes to maximizing value and making the right real estate deal. 

Buying and selling property is a complicated exercise that involves both business and emotion.  It’s never just a matter of money, and it’s never all about dreams.  A great real estate broker understands these often competing aspects and will bring a level of expertise, professionalism and balance to your real estate transaction.  When you need hard market data or advice on how to prepare your property for market, what you should offer on a property, or how you should counter, your realtor should be at the ready.  Likewise, when you need an experienced, steady hand during the emotional ups and downs of buying or selling a property, your agent should be there for you.

Mon
14
Mar
admin's picture

How to Increase Your Rental Property Cash Flow

51 Ways To Increase Your Rental Property Cash Flow

How to Increase Your Rental Property Cash Flow

Nobody buys a property so that they can take a loss, the goal is always to make a strong return on your investment. But sometimes real estate investors don't take full advantage of their property.

Maybe you bought in the right neighborhood, bought the right type of property for your city, and you placed a tenant quick. If so, congratulations, you've done better than most investors. But what if you could make more money every single month. What if you could make an additional 5, 20, or even 1,000 dollars month after month? Wouldn't you do it?

Fri
11
Mar
admin's picture

REI2Day: Millennials, Flipping Houses, Mortgages and Multifamily Construction

real estate news round up

The Real Estate Investing Today “Weekly Roundup”

Millennials continue to make their mark on society.  Find out the top 5 ways they’re disrupting industries and then learn where the top 30 “hipster” zip codes are for profitable home flips.

While we’re talking about flipping, check out this week’s infographic featuring the 5 habits of highly profitable home flippers.

Fri
11
Mar
admin's picture

Pros and Cons of Renting to College Students

Renting to college students

Renting to college students is a step you have to consider very carefully before actually taking it. Having a college town property may turn out to be a great investment if you find the perfect tenants for it. Otherwise, you may deeply regret that you haven’t purchased a house somewhere far away. Read below to find the biggest advantages and downsides of being a landlord to college students:

CONS:

Thu
10
Mar
Will Johnson's picture

How to Choose the Right Vendors for your Property Management or Real Estate Investment Business.

How to choose a property management vendor

Whether you’re an independent real estate investor or a property manager overseeing the day to day operations of another apartment owner’s property, there are going to be situations where you need to hire a vendor to help you.  It starts with where to market your vacancies and continues on through the tenant screening process to leasing to property maintenance to evictions and apartment turns, back to marketing – and many things in between.

You’re only as good as the people who work for you, and quite often those people are not your employees, but the vendors you outsource to.  Therefore, it’s critical that you hire the right companies to assist you in your business.

Identify Your Needs

Thu
03
Mar
EllenCalmas's picture

How Smart Use of Data Reporting Helps Communities Profit

rental housing data

The Rental Housing industry uses data at the beginning and end of the resident lifecycle though not typically throughout the entire term of the lease. With the majority of attention paid to data before the lease is even signed, professionally managed property companies employ standardized screening for all applicants to ensure they are meeting Fair Housing requirements while also attempting to reduce the risk of moving in problematic residents who may have a criminal, bad credit or poor rental history. Data also comes into play at the end of a lease when many companies evaluate resident payment performance in hopes of seeing timely rent delivery before offering renewal terms. Though not a common practice, some companies even incur the expense of an updated screening report to add to their data review in determining renewal terms.

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