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
Last year, my partners and I closed on a portfolio of rental properties. The owner assured us that there were no leases or security deposits. After we closed, we discovered that there were in fact leases and deposits, and he refused to refund them. We decided it would be cheaper to eat the difference
If you’re considering a real estate investment, you’re probably asking yourself what the market rents are for a given property. So, how do you figure out the rental projections for a given market? A rent study should answer that question and give you the tools you need to make an educated guess of where rents
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,
In a commercial real estate transaction, a seller can leave a lot of money on the table if the buyer is well represented and they are not. Worse still, the seller may look to the buyer’s broker for advice and mistakenly believe that they are being represented and receiving advice that is in their best
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
What’s happening in Olde Town Neighborhood? Olde Town has experienced an explosion of popularity over the last year. Loads of young professionals, families, and investors have turned their focus to this historic neighborhood. One factor impacting Olde Town is the recent relocation of Army Cyber to Fort Gordon, the development of the Georgia Cyber Center
Professional photography is an often overlooked element of a commercial property listing. With great photos, your property will sell faster, for more money, and with more offers. It's incredibly important, but many commercial brokers skip this step and use Google Maps pics, GIS photos, or even no photos--to the incredible detriment of their client. “A
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
