If you’re looking to invest in a multifamily property in this market, it’s just a fact: Expect to analyze and make offers on multiple properties to find the right fit. So, having a system in place to do the necessary due diligence will help you not only move faster but also make fewer mistakes. Our
Rental rates downtown have been steadily increasing over the past three years. Class A Apartment rent in Q1 of 2021 averaged $1.50/SF/Mo for a 1000 SF unit, and $1.95/SF/Mo for a 550 SF unit. We've defined Class A as relatively new, amenitized, and close to the Central Business District. For our analysis we've included Canalside,
The Downtown market is off to strong start! As I and the rest of the brokers on my team all live in Downtown’s Olde Town neighborhood, the Central Business District is near and dear to our hearts! It’s great to see so much excitement around the growth downtown, and to hear and be a part
https://www.youtube.com/watch?v=yFkVA2qSvOY&feature=youtu.be For commercial and multifamily investors, no two documents are more fundamental to understand an investment than the Rent Roll and the Operating Statements. We will be studying the rent roll, looking at some case studies, and hopefully improving our due diligence process. So what exactly is a rent roll? A rent roll is
Dr. Ahmadie owned a 31-unit apartment complex in North Augusta, named Cedar Pines Apartments. The property had been losing money and was requiring the owner to send the management company additional funds regularly. The property was older, and had many maintennace issues--HVAC, roofs, and septic systems being just a few of them. To make matters
