30 years in #CRE: 4 Key Takeaways From Michael Fascitelli
Thursday, October 23
ULI put up a great interview with Michael Fascitelli where he shared the most important things he learned in his 30 year (so far) commercial real estate career. Born in humble circumstances, he started out as a McKinsey consultant. In 1985 he went to Goldman where he became a partner and ran ...
Be There Now: The Best College Markets for SFR Rentals and Flips
Thursday, October 16
RealtyTrac was out with a piece last week called Best College Towns for Buying Rentals, Flipping in 2014 and if you're in the SFR game it's worth a look. Especially if you're looking for new markets-Interesting that there a lot of towns here that don't show up on the typical hot markets list, cou...
What if we don't train our employees and they stay? Great question.
Tuesday, September 23
CFO asks CEO: What happens if we spend money training our people and then they leave? CEO: What happens if we don't and they stay? This is a great question that gets at the core of your beliefs about creating your company's culture. Richard Branson has said: "Train people well enough s...
And it's not just Vancouver. Apartment Cap Rates in Canada
Tuesday, September 23
Back in May I wrote a piece Is your apartment market too expensive and getting bubbly? And compared how expensive things were up in Vancouver BC, with cap rates in the 2s based on broker's proforma numbers from recent sold deals. But it's not just Vancouver, cities all over Canada are sporting m...
Everything you need to know about AZ water rights, part 1.
Saturday, September 20
Or: How to make sure your AZ residents aren't walking to the town well every morning with a big jug on their heads.Apartment building investment broker ABI Multifamily's Research Director, Thomas M. Brophy is out with a pretty in-depth 'overview' of water rights in Arizona this week (Part 1 of ...
Multifamily Tenants Use 30% More Utilities When They're 'Free'
Friday, August 01
Kind of a no duh to apartment building investors but now we have actual data. If it's true that what is measured is what matters and what matters gets measured now there's a number to shoot at. In a MFE article out this week the results of a study by building intelligence provider WeGoWise show...