Expert Blogs

How do you grow your real estate investments 10X? Through quality training, experience and understanding the rules of real estate investing.In today's market, it is very difficult to become a real estate investor on a shoestring. Further, based on the recent recession, mortgage financing is harder to come by. One of the outcomes of the recession is that fewer people will be homeowners in the future with more real estate assets concentrated in the hands of...

There are millions of people engaged in the real estate business with zero ownership in actual buildings. To use myself as an example, aside from ownership, my involvement in real estate is as a consultant, asset manager and industry writer.  All of these endeavors in real estate can be accomplished without requiring ownership.Following are five professional tracks tied to real estate each "dipped" in the daily life of being a real estate...

In a recent transaction Blackstone purchased almost 1,000 units in New York for $700M.  That's a seven with eight zeros.  Or, $700,000,000 in long hand.  Rough math places this deal at $700,000 per unit. Who does that?According to The Real Deal, Blackstone, that's who.This is not their first rodeo.  In 2007 Blackstone purchased Equity Office for $39 billion dollars (that's NINE zeros).  As of 2015 their expectations were to...

In the property management business numbers are important, but people more so. Getting the people right is a huge step in making the numbers work and being able to implement your plan of action by having the right skills in the right positions.In the book Maverick Real Estate Investing  by Steve Bergsman, there is an interview with Stuart Hornery, the past President of Lend Lease. He states “Good companies succeed by having good people.” This...

Multifamily’s best kept secret is no secret at all; that long-term ownership provides significant financial rewards.  Why do I call this a secret?  Because  so few take advantage of the power of income compounding that is included in the rewards of long-term ownership.In it’s simplest version, even if expenses keep pace with rents (rents rise 3%, expenses rise 3% year after year) then still, over time, debt is reduced.  ...

Many property owners and property managers find themselves in this situation time and time again where the rental market competition is fierce.  Statistics have shown that one-third of the population are rental Residents and the common mindset is shifting to this living scenario being a preferable option. Furthermore, Residents are not just the college age demographic with little to no credit. There are nearly as many Residents age 30-65 years old as...

The payment of rent for use of an item is part of our everyday vernacular. We rent cars, homes, boats, even televisions. An airline ticket can be seen as renting a seat on an airplane to a destination on a particular date and time. Most often, however, a conversation about rent refers to real estate property.Rental property can be inhabited by people, businesses or things. Homes and apartments are rented to people for residential use; malls rent “store...

Technology is in constant motion.  Everybody knows that.  And every platform in use within your property management company is not on automatic update.  In fact, there are probably a few applications in use that worked better in version 3.1 than in 4.1.  Who has time to check?In larger organizations with an IT department there's an app for that;  its called human staffing with expertise.  For smaller organizations its call...

The economics of multifamily housing is something I understand.  The economics of health care is a complete mystery to me.   However, I believe the two have a strong correlation going forward.Apartment rents are a component/percentage of household income.  So is medical care.  As costs of discretionary items increase (as a percentage of income- things like health care), the location of housing will become more of a...

Knowing about comparable assets is important in a competitive environment.  Every potential resident and most current residents are shopping your property and those around you.  It is imperative that you do the same.How do you determine if an asset is a comparable?  According to the Appraisal Foundation a comparable asset is determined by comparability analysis:Comparability analysis is a fundamental study in determining property value. This...

Who wants to be average? Not you.Demographics research can live and breathe in the averages for years encapsulating data-rich reams of information in the recesses of difference between mean, median and mode.  Who cares.  Great dinner conversation but seldom actionable when real dollars are in play.Quality, actionable information is almost always worth its weight in gold.  The same is true when it comes to acquiring demographics information as an...

Too often leasing teams, trained up and fired up, lose every advantage in the first ten seconds of interaction with a potential resident.Here is a real life story.  A prospective resident walks into the leasing office. The first person they see behind a desk is reading, eating chips and has headphones on. This person never looks up.From the office behind this person, recognizing there is someone in the office, they lean over from their chair and yelp...