ASK MIKE MONDAYS - Laundry income; should you own the machines or should you partner up with a laundry vendor?
ASK MIKE MONDAYS - Laundry income; should you own the machines or should you partner up with a laundry vendor?
Michael explains the upside and the downsides of either partnering with a laundry vendor or owning your own machines. Michael also talks about increasing your NOI with other non-rental income line items.
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Michael explains the upside and the downsides of either partnering with a laundry vendor or owning your own machines. Michael also talks about increasing your NOI with other non-rental income line items.
Michael explains the upside and the downsides of either partnering with a laundry vendor or owning your own machines. Michael also talks about increasing your NOI with other non-rental income line items.
Today, many apartment sellers are giving apartment buyers two pricing choices. Many sellers have large prepayment penalties on their debt; so they give new buyers two prices. One, if they assume the sellers debt the cost will be lower. Two, if they force the seller to payoff their debt and occur a large prepayment penalty the cost will be significantly higher. Listen to Michael discuss the options.
Today, many apartment sellers are giving apartment buyers two pricing choices. Many sellers have large prepayment penalties on their debt; so they give new buyers two prices. One, if they assume the sellers debt the cost will be lower. Two, if they force the seller to payoff their debt and occur a large prepayment penalty the cost will be significantly higher. Listen to Michael discuss the options.
Interest only can certainly help the cash-on-cash returns on your investment. If you are purchasing a broken property- deferred maintenance, bad management, bad occupancy; you need some type of payment relief during times of weak cash flow. Having an interest only period during the renovation is certainly typical for a BRIDGE type of loan. Banks typically donβt like to do lots of interest onlyβ¦because the bank regulators don't like interest only. Most community banks on bridge loans will onl...
Interest only can certainly help the cash-on-cash returns on your investment. If you are purchasing a broken property- deferred maintenance, bad management, bad occupancy; you need some type of payment relief during times of weak cash flow. Having an interest only period during the renovation is certainly typical for a BRIDGE type of loan. Banks typically donβt like to do lots of interest onlyβ¦because the bank regulators don't like interest only. Most community banks on bridge loans will onl...
An asset manager oversees the property on behalf of the investors. They report any financial or physical changes (good or bad) to the general partner. They help in managing a solution. When you own a small property (10-30 units) you are the ASSET MANAGERβ¦. When you purchase a larger property or own more apartment communities, you may need to hire an asset manager. Remember, your job, as a general partner is to find more apartment purchase opportunities and find more equity. An asset manager wi...
An asset manager oversees the property on behalf of the investors. They report any financial or physical changes (good or bad) to the general partner. They help in managing a solution. When you own a small property (10-30 units) you are the ASSET MANAGERβ¦. When you purchase a larger property or own more apartment communities, you may need to hire an asset manager. Remember, your job, as a general partner is to find more apartment purchase opportunities and find more equity. An asset manager wi...
This is A Helpful Guide for those who don't know what to do!!!buying a house or rent a house?
This is A Helpful Guide for those who don't know what to do!!!buying a house or rent a house?
Q: Our 25-year-old daughter lives in a rental with roommates in the Fairmount section of Philadelphia. She has moved twice in the past three years, never using a real estate broker, and plans to move again by Nov. 1. Given the state of apartment rentals right now, when should she begin her search? Would you recommend using a broker this time? A: In the past, the conventional wisdom for renters this time of year has been to sit tight until the fall, after the leasing frenzy of the summer. But tha...
Q: Our 25-year-old daughter lives in a rental with roommates in the Fairmount section of Philadelphia. She has moved twice in the past three years, never using a real estate broker, and plans to move again by Nov. 1. Given the state of apartment rentals right now, when should she begin her search? Would you recommend using a broker this time? A: In the past, the conventional wisdom for renters this time of year has been to sit tight until the fall, after the leasing frenzy of the summer. But tha...
Boy, it is hot out there! We know the outside air temperature is red-hot during a Texas summer; but is the apartment investing market starting to cool off- is a deep freeze coming? Mike confirms that the fundamentals of apartment ownership are still very strong. Great occupancy and good rental growth are still being observed with apartments⦠but the head winds within the capital markets- through higher interest rates and lower loan leverage- have made a few potential apartment buyers uneasy. M...
Boy, it is hot out there! We know the outside air temperature is red-hot during a Texas summer; but is the apartment investing market starting to cool off- is a deep freeze coming? Mike confirms that the fundamentals of apartment ownership are still very strong. Great occupancy and good rental growth are still being observed with apartments⦠but the head winds within the capital markets- through higher interest rates and lower loan leverage- have made a few potential apartment buyers uneasy. M...
Michael gives a RECAP of 2021 in the apartment business. He shares the challenges and the successes for 2021. Michael gives you his opinion on what the tea leaves are sharing with him for 2022. Are rents going down? Are cap rates rising? Do you think interest rates are going up and what type of impact will that have on your apartment investments? Listen to the guy that bought over 10,000 apartment units. Are you interested in learning more about how Multifamily Syndications work? Please visit ww...
Michael gives a RECAP of 2021 in the apartment business. He shares the challenges and the successes for 2021. Michael gives you his opinion on what the tea leaves are sharing with him for 2022. Are rents going down? Are cap rates rising? Do you think interest rates are going up and what type of impact will that have on your apartment investments? Listen to the guy that bought over 10,000 apartment units. Are you interested in learning more about how Multifamily Syndications work? Please visit ww...
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 βgreen shoots.β 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 βgreen shoots.β 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...
It is a REQUIREMENT to do a thorough analysis of the neighbourhood crime stats and school ratings when you are thinking about investing in an apartment building.
It is a REQUIREMENT to do a thorough analysis of the neighbourhood crime stats and school ratings when you are thinking about investing in an apartment building.