The threat of tariffs is putting pressure on prices of construction materials, driving up project costs. By Bendix Anderson (NREI Online Article) — Many multifamily developers and contractors are fighting off price increases for construction materials. “Lately we have seen a few knee-jerk reactions from manufacturers claiming upcoming price increases...Continue reading »
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A veteran tax consultant explains how the newly created Qualified Opportunity Zones offer incentives to provide workforce housing in economically distressed areas. By Don Linzer and Sophie Xu (MultiHousingNews.com Article) Key Takeaways: The Tax Cuts and Jobs Act offers federal tax benefits for investments in certain low-income communities designated...Continue reading »
The case is a strong one … provided you to understand these risks. By Red Capital Group, LLC (MultiFamilyExecutive.com Article) — A confluence of favorable market conditions has made ownership of 5–50 rental units a near-irresistible value proposition for growing numbers of small private investors. Consider this partial list of factors now working...Continue reading »
Winter can be the busiest time of the year for some property owners and managers. Budgeting and planning now is the best way to avoid being caught off guard. By Missy Henriksen (MultiHousingNews.com Article) — It can be difficult to prioritize planning for subzero temperatures and snowfall when the weather is still warm, but it is undeniable...Continue reading »
Strong demand from renters has kept up with a high pace of new construction, allaying fears of overbuilding in the market. By Bendix Anderson (NREI Online Article) — New renters are filling thousands of gleaming, new apartments in downtown Chicago. That’s been a pleasant surprise in a market that experts had worried would be buried in a flood...Continue reading »
The Five Point Checklist for Defining the Ideal Investment On Lance Edwards recent solocast “How to Profit with Small Apartments,” he discussed a five point checklist defining the perfect investment using the easy to remember acronym IDEAL. The I stands for ideal. An ideal means income. The ideal investment has strong cash flow, and when it comes to apartment buildings...Continue reading »
By Joe Killinger (MultiFamilyInsiders.com Article) — Dealing with tenants’ maintenance requests is one of the biggest issues landlords face, especially with so much (rental) competition around. Tenants know that they can get the same or better service for their buck virtually wherever they turn. It is giving them a confidence boost to demand their landlord’s...Continue reading »
Carson speaks at NMHC Fall Meeting By Jeremiah Jensen (HousingWire.com Article) — On Friday, Department of Housing and Urban Development Secretary Ben Carson spoke at the National Multifamily Housing Council’s Fall Meeting. In his remarks, he highlighted the issues facing the American housing market and laid out plans to address housing shortages...Continue reading »