Articles

But two profit killers remain: 1. Unmanaged property tax liability. This is an item that needs an annual review by a professional. As an example, exception value in Oregon can only be appealed the first year it appears. No, they don’t identify it…so failure to appeal can cause a permanent increase in taxes.  There are a few exceptional professional property management companies that consider... Read More »

Anyone who reads my blog assumes that I have a bias for multifamily investments.  I just think they’re the safest niche of commercial real estate…so to assume that would be correct.  But my greatest bias is toward taking considered ACTION.  So many investors miss the best part of the market by aiming, aiming and aiming some more before pulling the trigger. My Dad taught me a valuable... Read More »

The Coming Rental Housing Wave Protracted Economic Distress in Housing Sector has Created Legions of Renters in New Markets and New Age Groups By Mark Heschmeyer November 2, 2011 While widespread recovery continues to elude the housing sector, the apartment market has become one of the real estate industry’s — and the broader economy’s — best hopes for a return to the good... Read More »

Optimizing multifamily profitability is a bit art and a bit common sense.  Two areas where underperforming will impact cash flow are: 1. Failure to work renewals proactively, and 2. Poorly managed “Make Ready” costs.  Below is an article by John Wilhoit Jr. with some great pointers on both.  Click on the title to go to his site for additional great articles…he’s the real... Read More »

W Scott Phinney and I, co-founders of Prime Property Tax Negotiation will be the featured speakers at the next Oregon/SW Washington CCIM Luncheon November 2nd, 2011 at the MAC from noon to 1:15 PM. Following the passage of Measure 5, Oregon State transferred its property tax appeals from the Dept. of Revenue to The Courts.  A whole new system had to be created including rules, laws, procedures... Read More »