Category: Sharing Knowledge

[caption id="attachment_18116" align="aligncenter" width="300"] Accept No Substitutes and stick with Fundamentals[/caption] There Is No Substitute For Fundamentals The day in, day out business of managing apartments is not necessarily sexy. But fundamentals are core to long term ROI. Lease apartments – Get occupancies up and maintain those numbers Expertly manage expenses Collect consistent apartment rents Raise rents when and where appropriate That, in a nutshell are fundamentals. When we stray from these, we often can lose sight of the goal of efficient and effective ROI. Great ideas are born in boardrooms. They sometimes don’t play out at the property level. When we consistently focus on core fundamentals, we create a strong foundation for apartment portfolio success. The rest becomes icing on the cake. New Decade, New Plans As the apartment…

CBRE released their first half 2019 bi-annual Cap Rate Survey for all asset classes.  Office, Retail, Industrial, Multifamily, and Hotel. Download CBRE's First Half 2019 Cap Rate Survey Report The capitalization rate (cap rate) is used in commercial real estate to indicate the rate of return that is expected to be generated on a real estate investment property.  Cap rate = Net Operating Income (NOI) divided by purchase price. Here are the cap rate trends for the North America's Tier I, II, and II multifamily markets for Class A, B, and C asset classes. Multifamily cap rates continue to be low but stabilizing for now.  

  In June, I wrote a post about networking.  Recently, went to a multifamily conference whose speaker and panel guest line up was pretty good.  As I observed the attendees, I could visualize how these people will become, have become, or continually be successful.  They went from one person or group or inserted themselves into conversations.  A lot of good information was shared and learned.  The most important aspect was the opportunity to collaborate or partner with others. Networking doesn't stop with the attendees, it also gives the opportunity to meet those movers and shakers at the conference to build your "Brand".  Within real estate, building a brand is an important tool to learn, build, and cultivate.  Being associated to those speakers and panelists gives you credibility with investors and…