Lower Property Taxes & Insurance Costs

ASK MIKE MONDAYS - Michael, my property taxes and insurance keep going up; how do you fight to get l...

oldcapitalpodcast oldcapitalpodcast | 3 years ago

Michael discusses the two largest line item expenses…taxes and insurance. It seems like every year these two operating expenses rise. What do you do? Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and now a “owner- of commercial real estate.” Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “M...

Nationwide Commercial Real Est... Nationwide Commercia... | 1 year ago

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 “green shoots.” 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...

ASK MIKE MONDAYS - Is there anyway to STOP PROPERTY INSURANCE from rising?

oldcapitalpodcast oldcapitalpodcast | 4 years ago

Mike discusses a large line item expense…property insurance. After property taxes and payroll, property insurance is an every increasing expense that sponsors must recognize sooner than later.

ASK MIKE MONDAYS- “Michael, insurance is a huge annual cost; any solutions to

oldcapitalpodcast oldcapitalpodcast | 2 years ago

Is there too much money in the market chasing too few deals? Michael gives you a few examples on how sellers are reacting to this market. Today, Michael is selling a few large apartment communities. Michael shares with you on how they picked the buyer. Was it only the highest price? Did he check references from other brokers for certainty of close? Michael, explains what is important and what should you know. Listen to the guy that bought over 10,000 apartment units. Are you interested in learni...

ASK MIKE MONDAYS - Michael, how are things going on your MOST RECENT apartment sale?

oldcapitalpodcast oldcapitalpodcast | 6 years ago

Michael discusses his latest apartment sale and WHY HE picked this BUYER.

Nationwide Commercial Real Est... Nationwide Commercia... | 1 year ago

Mike gives us an update on what to expect when you are raising capital to fund a transaction. First- it was higher interest rates, Second- it was the seller and the buyer not knowing the current value of property because cap rates have expanded, And Now, its raising equity to fund a deal. Are there LP’s wanting to invest? Michael chats about how a typical capital raise is going today. Listen to the guy that has acquired over 14,000 apartment units. Are you interested in learning more about h...

ASK MIKE MONDAYS- “Michael, insurance is a huge annual cost; any solutions to help me?

oldcapitalpodcast oldcapitalpodcast | 2 years ago

Michael gets into the weeds with apartment insurance. Inflation on building materials, labor, and the supply chain are having a direct impact on annual insurance premiums. When buying a property, don’t use the seller’s annual premium on costs on the PROFIT & LOSS. It could be off my several thousands of dollars. Make sure you get a updated & realistic insurance quote. BONUS QUESTION: Self-Management versus third party property management; what is better? Are you interested in learning more a...

ASK MIKE MONDAYS - Michael, what reports should I be receiving from my apartment management company?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Michael discusses the different reports that a management company should be providing to the managing member every month. Obviously, it is better to overly communicate with investors and partnerships with detailed monthly operating statements.

ASK MIKE MONDAYS - Michael, What is a LURA?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

To promote affordable housing, some older properties may have an income restricted LURA. A LURA is a LAND USE RESTRICTION AGREEMENT. It runs with the deed. This recorded regulatory agreement may restrict the amount of rent you can charge a tenant, based on the tenant’s income. If you rehab a property and are expecting to increase rents to justify the cost…a LURA may prevent you from being able to raise rents in the future. Make sure you ask the seller’s agent if the property has a LURA.

ASK MIKE MONDAYS: Michael, I’m an Apartment investor; Is there a crash coming and will I lose all ...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Michael examines the state of the apartment market and discusses an interesting article that Freddie Mac provided. Please read: https://globenewswire.com/news-release/2018/10/17/1622867/0/en/Struggling-with-Housing-Costs-Renters-Continue-to-Find-Affordability-in-Renting.html

ASK MIKE MONDAYS - Michael, my property taxes and insurance keep going up; how do you fight to get lower annual costs?

ASK MIKE MONDAYS - Michael, my property taxes and insurance keep going up; how do you fight to get lower annual costs?

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ASK MIKE MONDAYS - Michael, my property taxes and insurance keep going up; how do you fight to get lower annual costs?

ASK MIKE MONDAYS - Michael, my property taxes and insurance keep going up; how do you fight to get lower annual costs?