In most parts of the U.S., lawmakers are currently not allowed to create new rules to limit by how much landlords can raise rents at their properties. By Bendix Anderson (NREI Article) — In November 2018, voting ballots in California might include a question on rent control. Right now, California law restricts the spread of rent regulations on housing...Continue reading »
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By Lee Arnold Pop quiz! You’ve found the perfect distressed house to invest in. The owner wants to sell it to you low enough that after you put the estimated...Continue reading »
A Rainmaker study identifies five separate pricing behaviors in an analysis of how owner–operators use the company’s LRO revman system. By Stephen Ursery (MultifamilyExecutive.com Article) — To the outside world, it may seem that all apartment communities share a common and simple goal: to drive both occupancy and rental rates as high as possible. But...Continue reading »
As the owner of an apartment building, you should always be increasing the value of your property through forced appreciation. https://www.youtube.com/watch?v=fsV2mI178fs&feature=youtu.be At...Continue reading »
You’ll be surprised who your customers are! By Lou Castillo — As real estate investors we are taught to locate motivated sellers and...Continue reading »
The challenge is finding properties that have not already been renovated. By Bendix Anderson (NREI Article) — Investors are still looking for apartment properties that can be renovated to earn more rental income. But properties with value-add potential are becoming more difficult to find. “There are very few properties left that are easily diagnosed...Continue reading »
The purchase amount isn’t necessarily a valid proxy for taxable value. By David A. Suess (MultiFamilyExecutive.com Article) — Multifamily property owners and appraisers are often creatures of habit. They generally calculate a property’s value for tax purposes the same way they do for an investment. If an apartment complex recently traded for $10...Continue reading »
The Off Wall Street Asset Workshop Is Hosted By: 5-Time New York Times Bestselling Author Loral Langemeier & Her Expert Wealth Team Come See...Continue reading »
Today’s renters want more than a skilled technician who replaces the faucet quickly—they want a skilled technician with a friendly smile. Below are some ways multifamily operators can prepare maintenance staff to build meaningful partnerships with residents. By Samantha Chalmers (MultiHousingNews.com Article) — When hiring or training a maintenance...Continue reading »
A federal judge in Los Angeles agreed with Airbnb that it’s insulated from the claims by the Communications Decency Act. (Bloomberg NREI Wire Article)—Airbnb Inc. defeated a lawsuit by Apartment Investment & Management Co., one of the largest residential landlords in the U.S., alleging that the online home-sharing marketplace enables tenants to break...Continue reading »