ASK MIKE MONDAYS - Can you make money; if you buy a SMALLER APARTMENT building? What are some of the RULES OF THUMB for employees per unit?
ASK MIKE MONDAYS - Can you make money; if you buy a SMALLER APARTMENT building? What are some of the RULES OF THUMB for employees per unit?
Smaller buildings can typically be more challenging to staff and then push payroll expenses over less units. Owning apartments is a scaleable business. Mike explains some of the rules of thumb on how many units you need to own to hire a manager and maintenance person and some of the solutions that are necessary to make money on your investment.
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Smaller buildings can typically be more challenging to staff and then push payroll expenses over less units. Owning apartments is a scaleable business. Mike explains some of the rules of thumb on how many units you need to own to hire a manager and maintenance person and some of the solutions that are necessary to make money on your investment.
Smaller buildings can typically be more challenging to staff and then push payroll expenses over less units. Owning apartments is a scaleable business. Mike explains some of the rules of thumb on how many units you need to own to hire a manager and maintenance person and some of the solutions that are necessary to make money on your investment.
Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a โwinโ on the board.
Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a โwinโ on the board.
Michael gives reasons on why he would NOT build large apartments at this time.
Michael gives reasons on why he would NOT build large apartments at this time.
If youโre an apartment dweller, you may have considered the idea of owning your apartment. But can you actually buy an apartment? Well, the answer is a bit complicated.ย In this article, weโll dig into what your options are if youโre looking to buy an apartment, what you should consider before doing so, and if purchasing an apartment is actually a good idea. So whether youโre searching for an apartment in Boston, MA, or a condo in Portland, OR, read on to learn more. Can you buy an ap...
If youโre an apartment dweller, you may have considered the idea of owning your apartment. But can you actually buy an apartment? Well, the answer is a bit complicated.ย In this article, weโll dig into what your options are if youโre looking to buy an apartment, what you should consider before doing so, and if purchasing an apartment is actually a good idea. So whether youโre searching for an apartment in Boston, MA, or a condo in Portland, OR, read on to learn more. Can you buy an ap...
As you can imagine, with interest rates rising, many apartment investors have been pencils down. Investors are concerned with lower asset value & higher debt service. Is there any good news out there? What are some of the positive ideas that are occurring in apartment investing? Mike is starting to see some positive โgreen shoots.โ Mike discusses some of those encouraging thoughts on what he is seeing in apartment investing. Listen to the guy that has acquired over 14,000 apartment units. Ar...
As you can imagine, with interest rates rising, many apartment investors have been pencils down. Investors are concerned with lower asset value & higher debt service. Is there any good news out there? What are some of the positive ideas that are occurring in apartment investing? Mike is starting to see some positive โgreen shoots.โ Mike discusses some of those encouraging thoughts on what he is seeing in apartment investing. Listen to the guy that has acquired over 14,000 apartment units. Ar...
4 Questions to Ask Before You Buy a Second Home Blog posted On October 05, 2022
An oceanside paradise, a lakefront escape, acres of space and endless skies โ they all sound like a dream. But owning a second home is a big financial commitment. Itโs easy to imagine all the ideal possibilities of a second home. It can be more difficult to go through the financial details.ย Ask yourself these four questions while making your decision.ย
An escape during long week...
4 Questions to Ask Before You Buy a Second Home Blog posted On October 05, 2022
An oceanside paradise, a lakefront escape, acres of space and endless skies โ they all sound like a dream. But owning a second home is a big financial commitment. Itโs easy to imagine all the ideal possibilities of a second home. It can be more difficult to go through the financial details.ย Ask yourself these four questions while making your decision.ย
An escape during long week...
What kills a transaction right off the bat? Michael only buys in โspecificโ areas and will not compromise on the asset location or quality. Even though it might be temptingโฆdonโt buy in the โhood. Michaelโs investing advice is that you must define the submarket that you want to make a position in. Michael describes what the buying environment is like in Dallas today.
What kills a transaction right off the bat? Michael only buys in โspecificโ areas and will not compromise on the asset location or quality. Even though it might be temptingโฆdonโt buy in the โhood. Michaelโs investing advice is that you must define the submarket that you want to make a position in. Michael describes what the buying environment is like in Dallas today.
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...