Nationwide

Wed
24
Feb
Kristin Flores's picture

Basic Design Tips for Realtors and Property Managers

graphic design tips for realtors and property managers

Basic Design Tips for Realtors and Property Managers

 

Mon
22
Feb
admin's picture

Never Underestimate the Importance of Screening

tenant screening

It has been said many times before, but it’s worth repeating; there’s simply nothing more important in property management than quality tenant screening.

It’s is better to leave a unit vacant than to let in a bad tenant. Such tenant’s will likely require you to evict them and incur all the costs of an eviction as well as the lost rent of not being able to lease the unit to someone else.

And, that doesn’t even include the damage a tenant can do to a property. If you don’t think a bad tenant can do upwards of $10,000 in damages, let me assure you that they can. I have seen it happen more than once.

Mon
22
Feb
admin's picture

5 Mistakes Beginning Multifamily Investors Make

5 Mistakes Beginning Multifamily Investors Make

Being a real estate investor sounds sexy.

Jetting down to look at properties, lunches with brokers, the art of coming to terms with the seller, these are all part of the glamorous part of the deal process.

Many investors fail because they fail to adhere to several hard and fast rules that I’ll set down in a bit. By not sticking to these tenants, you will be distracted or even worse miss a crucial element of a deal you’re looking at.

Here are some of the tricks that we play on ourselves that often backfire: Clear goals. Sounds basic, yes? You would not believe how many investors have a vague and romantic notion of real estate but have not taken the time to come up with a crystal clear plan of action.

Wed
17
Feb
Will Johnson's picture

5 Renovations That Will Increase Rent and Add Value to Your Rental Property

5 Renovations That Will Increase Rent and Add Value to Your Rental Property

5 Renovations That Will Increase Rent and Add Value to your Rental Property

 

As property managers and real estate investors, we view our rental properties as a business. Whether we own or manage rental homes or apartments, we make our decisions based on what we think is best for our bottom line in the long t-term, the short term or both. More often than not, this includes doing everything we can to limit expenditures, while trying to increase rent as much as we can to gain maximum profitability.

 

Tue
16
Feb
admin's picture

Real Estate Journal Winter 2016

real estate journal, business journal, NREIA, REIFA, rental housing journal

Real Estate Journal is the premier journal for Real Estate Investors, Lenders and Crowd Funders. Published by Rental Housing Journal in conjunction with National Real Estate Investors Association (NREIA), Real Estate Investment and Funding Association (REIFA), and Rental Housing Journal, REJ reaches over 20,000 industry professionals in print nationwide. The digital edition is distributed to over 100,000.

 
Mon
15
Feb
admin's picture

Be Very Careful Investing Out-Of-State

out of state real estate investments

It’s no secret that Portland is a very expensive real estate market. And while rents are high, it is still extraordinarily difficult to purchase a rental property and have it produce positive cash flow.

This fact has led many investors to look out-of-state for better returns. While this strategy is not in and of itself bad, it is one that needs to be approached very cautiously.

I myself moved from Eugene, Oregon to Kansas City to invest in real estate because of the price difference. And while properties cash flow much better here than in Oregon, we made a lot of mistakes early on. Furthermore, I have seen a lot of new investors see their hard earned equity go the way of the Dodo bird as their investments go sideways.

Mon
15
Feb
EllenCalmas's picture

Pay and Prey Method of Predicting Skips and Evictions

predicting skips and evictions

The rental housing industry universally regards skips as part of business. Operators expect that some percentage of leases will go bad – and even build those losses into their annual budgets.

Once a source to cover unit damage, security deposits at lease signing are now supposed to protect against this phantom percentage of residents who everyone expects will unexpectedly skip out on the balance of a lease. Regardless of what percentage of a resident population don’t stay throughout their entire lease, the results when residents falter are always the same: income loss, unexpected vacancy, and unwelcome turnaround costs.

Thu
11
Feb
admin's picture

How to Improve Your Rental Property

How to improve your rental home this season

This Season Since winter is already here, there are a few chances you can still work on improving your rental home and making it better this season regardless. You will have to work on making some preparations so look for the following examples of things you can make use of to make it work. There are many ways you can lower your energy consumption and still make everything look and be practical. The following examples will give you more information on the subject so you can make it work:

• Sealing your walls

Mon
08
Feb
admin's picture

The Most Important Thing in Tenant Relations

property manager tenant relations

No one ever said that property management was easy. At least no one did who knew what they were talking about. No matter how well you manage, there will always be tenants who are beside themselves in rage at you with some grievance—real or perceived.

When dealing with an angry tenant, the natural reaction is to dig in your heels and defend your position. “You didn’t pay your rent,” or “you caused those damages” or whatever.

This is, however, the wrong approach.

The correct approach (and the one that will help you maintain your sanity) is to align yourself with the tenant as much as possible. Be on their team, so to speak.

Wed
03
Feb
admin's picture

Tips for Investors Who Want a Balanced Portfolio

multifamily real estate investment portfolio

Good balance keeps you from falling over. In all areas of of my life, I strive for that healthy balance – of work and play, family and business.  This should carry over to your financial health as well.

Why do I feel that a balanced portfolio should contain multifamily real estate?

Now more than ever, some measure of protection against the natural volatility of the stock market is becoming more and more attractive even to more traditional investors. I am no hater of Wall St. – diversification is always the smart play.  This alternative investment strategy provides the tax benefits of real estate coupled with the dramatic growth within the multifamily market overall.

In this series of articles, we’ll examine the state of the market in general, discuss the benefits of owning multifamily real estate and focus on the drivers behind the performance of the market.  Let’s examine what is driving the apartment market:

Market Fundamentals

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