Expert Blogs

Demographic information is an important component of making real estate investment decisions. It is also expensive to acquire.  However, there are places on the web that can provide quality information to get you started in the right direction before having to devote dollars to obtain demographics.Obtaining demographics information in detail, such as for a specific address or ring study analysis requires an investment as this type of real-time information...

Finding a new SuperStar for your property management company is never any easy task, especially in our current economic climate.  In addition, a recent article published by the Society of Human Resource Management {SHRM} says, “over 50 percent of the information presented on a resume by a job candidate may be false or misleading”.  In this article we will share some important tips and techniques for reading resumes, the most important...

Mortgage banking has experienced a structural change.  It will never be the same nor will the documentation that supports it.  Consider this article a nudge to read the fine print in  all of your real estate related documents unrelated to the size or type of the transaction.  This is a blanket statement; no real estate transaction is too big or too small to benefit from a sincere review of the finer details.With commercial mortgage...

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...