Just $5 billion in multifamily sales closed in the first quarter, according to Avison Young, the lowest amount since the second quarter of 2020, when COVID reduced sales volume to some $4 billion. That followed a decrease of 61 percent in 2023, to $119 billion, according to Matthews Real Estate Investment Services.The movement is coming from a few spheres. Institutional investors and lenders both need to deploy capital, while some property owners ...
Take Advantage of A Cash Call!!
A quick thought about Multi-family properties who are making cash calls.
At first blush it looks like the Titanic after it hit the iceberg.
The property is underwater, its losing money every month.
But, the cash call could also represent an opportunity to get into a...
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Pros and Cons Of Tenants Receiving Vouchers
While there are properties that focus exclusively on affordable housing, most properties are mixed use. They include a minority of tenants who are helped with their rent through a voucher system. The most common system being Section 8. Vouchers can cover...
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All Multifamily competes for tenants by giving concessions. The most common type of Concession is the Free Months rent.
It is usually given in the 2nd month.
While the free month Consession is attractive to all demographics. It's most attractive to lower income folks.
Unfortunately that's where the...
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Multifamily portfolio management is changing. High interest rates are revealing the reality of bad property management.
Where previously a portfolio with low interest rate financing was able to make a profit, the same portfolio with high interest rates isn't.
Property management now needs to focus on the 4 pillars of multifamily protfitability
1) Optimize rents
2) Maximize Economic Occupancy
3) Minimize Delinquency
4) Manage costs
And remember,...
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04 DecEvent starts in:
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22 Jan
