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Lance Edwards

Becoming financially independent through real estate investing isn’t an elite act. Anyone can do it, at any time—and more of us could be doing it than are, says best-selling author Lance Edwards, creator of the Multifamily Success and Raising Private Money systems. Over the last seven years, he’s taught hundreds of students how they too can build wealth with investments in small apartment complexes and multifamily housing. His book, How to Make Big Money in Small Apartments couldn’t have come at a better time. With hedge funds buying up large, full apartment complexes because they must move huge chunks of money—anywhere from $3 million to those costing hundreds of millions— small and mid-sized apartments are gold mines gone untouched. In between those million dollar deals and large apartment complexes, there is a revolving door of small and mid-size apartments available for investors just like you.

How to make an initial approach to a changing market.   By Michael J. Richardson  ( Article)  — With new construction expected to slow in the coming year, most economists would still agree that multifamily projects are set to maintain their status as viable investments, even for first-time investors. But how should a first-time...Continue reading »

Service providers focus on residents’ needs in order to eliminate difficulties that increase owners’ expenses and turnovers, according to Flynann Janisse of Rainbow Housing Assistance Corp.   By Flynann Janisse  ( Article)  — Affordable housing supports families and individuals, low-income seniors, veterans, and the formerly...Continue reading »

Demand is strong, with increased capital continuing to move into the sector.   By Christine Serlin  ( Article)  — While economic growth is starting to slow, fundamentals for the multifamily industry remain strong, according to John Sebree, first vice president and national director at Marcus & Millichap, and Ryan Severino,...Continue reading »

Availability in the property type tightened across all regions of the country over the past 12 months, according to a new report by Marcus & Millichap.   By Greg Isaacson  ( Article)  — Vacancy in manufactured home communities is tightening across all regions of the U.S., as renters increasingly turn to low-cost housing options,...Continue reading »

California is third state to pass legislation this year.   By Christine Serlin  ( Article)  — Rent control is top of mind for multifamily leaders, with many saying it will only exacerbate the affordable housing crisis. Earlier this week, California Gov. Gavin Newsom signed Assembly Bill 1482, making the state the third to pass...Continue reading »

In this environment, recruiting, building and maintaining a high-functioning team can be a tall order, says Joe Melton of The Morgan Group.   By Joe Melton  ( Article)  — Keeping onsite associates in the fold is a challenge for many apartment communities, regardless of the economy. The jobs are demanding and can be quite stressful....Continue reading »

The national average rent fell $1 to $1,471, and YOY rent growth fell 20 basis points to 3.2%.   By Mary Salmonsen  ( Article)  — The average U.S. multifamily rent fell by $1 to $1,471 in September 2019, while year-over-year rent growth fell by 20 basis points to 3.2%, according to Yardi Matrix’s latest National Multifamily...Continue reading »

A guide to renters’ insurance benefits, clauses, and leasing agreement language.   By Lawrence Jankelow  ( Article)  — If someone told you there was a single paragraph you could add to your leases that could save you thousands of dollars and give you significantly greater peace of mind, you’d add it, right? Well, there is:...Continue reading »

Multifamily communities have the basic building blocks to be top sustainability performers in the housing industry, according to Erin Hatcher of AMLI Residential.   By Erin Hatcher  ( Article)  — Regardless of the age of the property, apartment life offers many advantages for individuals and for the greater community, especially...Continue reading »

Indianapolis, Ind. ranks highest on Compound’s list, while West Coast hubs fare poorly.   By Mary Salmonsen  ( Article)  — Real estate investment tech company Compound has launched its Compound Residential Real Estate Investment Rankings (“CRRR”) report with a ranking of the best- and worst-performing U.S. cities for real...Continue reading »