Expert Blogs

Predator lenders will prey on anyone. Why rip off five or ten consumers when one fake commercial loan can yield the same output (for the predator). The singular best method for avoiding predatory lenders is to talk to lenders; lots of lenders.  The mortgage banking business is filled with hard working and sincere professionals.  The profession also has its fair share of sharks..  The only way to tell the difference is to network. Scam artist...

If you were a farmer, would the spring season be more important than fall?  For your crops to grow strong, will the sunshine or the rain make them grow faster?  Does it matter if some crops are ready to be harvested in one month and other crops are ready in six months?  Like a farmer, realize that each person on your property management team will grow and thrive best if you match the pace and structure of their work responsibilities with their...

Beginning October 1, 2012, more Austin residents residing in multifamily communities will have access to onsite recycling. The Commercial Multifamily Recycling Ordinance (CMFRO) was enacted in 1999, which established recycling in multifamily communities with over 100 units. The program required that apartments collect a minimum of four materials. The Austin City Council approved changes to the CMFRO on November 4, 2010. The revised ordinance detailed a...

Multifamily assets are like French fries; everyone thinks theirs are the best.  But with so many to choose from how do you know?  The multifamily marketplace is a fragmented industry.  No one entity or person owns a controlling interest.   Everyone has a opinion about who makes the best French fries.  But McDonald's buys more potatoes and sells more French fries than anyone.  However, knowing who makes and sells the...

There are people in every community that believe  the rule of law applies to everyone except them.  Many of us are de-sensitized to violence and intimidation based on how often we are exposed to these behaviors. Property managers work diligently on retaining paying customers.  However, there are some customers that must be removed from the property irrespective of their payment history- those that do not respect the rule of law. Who...

Answering these twenty-one questions about a site will provide an excellent "snapshot" of a specific location.  Every appraiser in the country would "love" to have this site data prior to beginning an assignment.  As a buyer of real estate, these questions are imperative to understanding the "place" and its surroundings. 1. Name of the site.  What is the common and "street name" of the address. ...

According to the EPA, there are 13.2 million multifamily housing units in the United States and approximately 52 percent of them are served by a recycling program.  If recycling was made available to all multi-family units at least 847,000 additional tons of materials could be diverted from the waste stream. Although there is no single model for a successful recycling program due to variations in building size, layout, resident characteristics, and...

In today's environment exiting from an owned multifamily asset can be a tough nut to crack.  Why?  It would be easy to say 'its the times we live in".  Well, yes, but that is not actionable or of any value.  Selling multifamily today is difficult, primarily, because people fail to recognize the time and complexity of the process.  Buyers are there, assets are available... the timeline is the thing. Exits are hard...

Is the great recession over? Are we there yet?  These questions will remain unanswered, but I can tell you with a high degree of certainty that as household formation picks up steam multifamily construction is well below future demand. Household formation drives demand in multifamily construction.  As we see household formation accumulate to measurable numbers we will also see increasing construction starts.  And this time, with a much...

San Antonio is creating a perception change for how residents view zero waste. The change started with how businesses create products, how people use them, and how solid waste is managed. The City’s underlying goal has been that all discarded materials be reused or recycled back into nature or into the production cycle, reaching a 60% recycling rate by 2020. Thus, the 10 Year Recycling Resource Recovery Plan was born in 2010, allowing more than 150,000...

Why own apartments? Following are ten reasons to own multifamily. While real estate investing is a contact sport with numerous pitfalls the rewards can be enormous.  Positive outcomes require patience, expertise, access to capital and time with equal emphasis on all of these.   Immediate Income.  With use of reasonable leverage immediate cash flow to investors is the draw to being in this sector. Over-leverage decreases cash flow,...

The idea of living in your niche is a concept we developed in 1995 when we launched our business coaching service.  As a result of using this strategy, we have worked with more than 600 property management executives and their companies in North America.  In addition, we found this concept to be so successful for our coaching business that we began to teach our property management clients how to do the same for/with their own companies and...

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