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How to be Successful in Investing in Commercial Real Estate
Commercial real estate is an industry that holds true to the saying “with great risk comes great reward.” Now, it is true that commercial real estate can obtain a quicker, higher return on your capital; yet, it can be tricky to navigate. Here are some things to keep in mind when investing in commercial real estate….
Multifamily Market Mania: What You Need to Know Right Now
Multifamily properties are thriving! According to Freddie Mac’s mid-year multifamily outlook, the U.S. market has vacancy rates at a 13-year low. So, why the increase of demand for multifamily properties? Joint Center for Housing Studies of Harvard University states that there are several factors to look at that could be contributing to the rise of…
Why We Still Use Checkbooks to Pay the Rent
Written by: Patrick Clark In 2007, Arlington (Va.)-based property management company AvalonBay Communities made a seemingly obvious decision. The company stopped accepting rent at its apartment buildings, and started making tenants send payments to a centralized office. Renters could put checks in the mail or use a new online system to transfer payments from one…
Commercial Real Estate Lingo – 10 Terms You Need to Know
Every career field has its own lingo and sometimes we come into a field that has a lot of jargon. Commercial real estate is one of those fields and if you don’t have a background in it, the feeling of understanding what’s going on can become overwhelming. After being at my job for over 6…
Spring Cleanup: Indoor and Outdoor Musts for Property Managers
Spring is almost here and now is the time for property managers to do some routine maintenance before the spring showers hit and then the stifling summer heat comes. Here are some indoor and outdoor musts to keep your property up-to-date. Inspect HVAC Systems – Inspect and clean the system’s filters and coils to make…