Good News!
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 »
Next week I’ll be testifying as an expert witness in a property tax appeal case for an 120+ unit multifamily asset in Salem, OR. Part of my research is to interview the on-site property manager. I was very impressed with how well she knew her area, the asset she managed, historical vacancy rates, concession rates…she was a pro. Some people have an innate talent for property management... Read More »
Failure to review each property’s profit profile annually is roughly the same as burning money. There are a number of ways to increase the profitability of a single commercial asset or portfolio. Remodel, Repaint, Reposition, and Repurpose are obvious choices…that typically require significant equity and allocation of resources to accomplish. Revamp the rent schedule is another…although... Read More »
I prefer to buy at the bottom of the market…how about you? The time to buy multifamily assets is now…its a refrain that I’ve been offering for several months. But there is a difference…now it makes sense for stock holders to move their equity into multifamily. Rose City Commercial Real Estate can show you how to invest your IRA…and not create a taxable event! Let... Read More »
In order to put our local apartment market in perspective I performed my own analysis of the data. The headlines about big REIT players and Class A assets? Absolutely true. But under reported is the way that all segments of the multifamily market have picked up. The average age of multifamily investment closed in the last 12 months? 36+ years! That suggests that repositioning opportunities... Read More »
