By Rick M. Bean|May 19th, 2010
The following article is emblematic of the reasons I feel that real estate should be a key component of any long term net worth building program. Don’t get me wrong…it’s OK to put part of your money on Mr. Hare…I just think you should put most of it on Mr. Tortoise. -Rick M. Bean
From: Pittsburgh Business Times – by Patty Tascarella
The Securities and Exchange Commission announced Tuesday that stock-by-stock circuit breaker proposals are being filed in response to the market disruption of May 6.
Stocks lost $1 Trillion in a half an hour? That’s why I’m in real estate investing! They’re proposing to limit losses to 10% in a 5-minute period. Ouch! To employ your wealth building strategy on a local level, contact us at Rose City Commercial Real Estate. 503.577.1034 or rick@rosecitycre.com
The national securities exchanges and the Financial Industry Regulatory Authority are filing proposed rules under which they would pause trading in certain individual stocks if the price moves 10 percent or more in a five-minute period.
The SEC is currently seeking comment on the proposal, which would take effect as a pilot program running through Dec. 10, 2010.
The fastest, abruptest market slide in Wall Street history plunged the Dow Jones Industrial Average a fraction short of a 1,000-point drop on May 6. The exchange regrouped just as quickly to a 347.80 point loss by the end of trading.
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It came down to an error stemming from a lack of communication between the six exchanges operating in the United States — The New York Read the rest of this entry »
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By Rick M. Bean|May 12th, 2010
Are You Overlooking A Commercial Real-Estate Boom?
If your definition of the category is limited to splashy office parks and shopping malls, both of which took a pounding during the financial crisis and haven’t fully recovered, then you probably are.
But think a little smaller—like fast food-restaurants, convenience stores and gas stations—and the returns get bigger. Such ventures, known as triple-net-lease properties, are “the best-performing sector of the commercial real estate marketplace,” says David Bailin, head of global managed investments for Citi Private Bank, which serves ultra-high-net-worth clients. “It is the sector that lost the least value [during the recession] and rallied the quickest.”
Robert and I have a client that seeks to acquire a $10-15M NNN Single Tenant asset in Oregon. Please contact us at 503.577.1034 or
rick@rosecitycre.com with your ideas. Principals and brokers are both welcome. We’re primarily interesting in pocket listings and items that haven’t grown stale on LoopNet, etc…but be creative…and call.
Triple-net-lease properties are usually freestanding buildings in which a tenant agrees to take responsibility for maintenance, taxes and insurance during a long lease—leaving the investor with little to do but collect checks. Investors typically buy individual properties through
Read the rest of this entry »
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By Rick M. Bean|May 7th, 2010
Making a difference
It is my opinion that Grace Hill Training has many competitors, but no peers. They offer both free and affordable courses on every aspect of profitable multifamily asset management. Bare in mind that every dollar of concession reduced without losing a tenant drops straight to the bottom line as profit. The same is true every dollar of extra revenue generated. Every dollar of reduced maintenance. Anyone who reads this column regularly will know that one of my biggest rants is that we have property managers running $40 million assets that have little or no training. Don’t go cheap on training your staff. And if times are tough…at least do all of the free stuff.
For a free asset review call us at 503.577.1034 or email us at rick@rosecitycre.com. We’ll review your expense ratios. We will show you how to lower your key expenses, and how to organize your books to facilitate a faster sale. Free is our last and final offer.
Free training for multifamily pros: www.gracehill.com Presented By: Anne Sadovsky, Rebecca Rosario, Russ Sandlin, Charlie Dismore, Donna Hickey & Shirley Robertson Read the rest of this entry » |
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