Keep an open mind as you learn about the facets of real estate and I bet you'll find something you enjoy.

Here's a look at what will be the standardWe learned one thing from 2020, it is that technology is a vital piece to an apartment company’s business strategy.

The big money is in 4+ units where you increase the rents and the rent increase automatically increases the Cap Rate and the property's re-sale value.I would like to see more people pushing people to understand the power of multi-units and the very strange thing is that I skim through every real estate book I can get my hands on and every book I ever read is missing the very most important facets of multi-unit investing and every book is full of pure B.S. when it comes to the subjects to the pitfalls of multi-unit investing.

For a larger multifamily (100+ units), the work just begins once you close.Having good staff (manager, leasing and maintenance) is vital.

Screening is still vital.

If you find an agent who is also an investor in the local area, they will save you time forming your other vital members.

New housing all but stopped, while the future demand for housing continued to develop unabated: folks didn't stop growing up, completing their education, getting married and starting their families simply because of what had happened with the economy.Economists of the day predicted a shortfall of housing supply amounting to 5+ years of housing starts / building new homes and apartments by the time "starts" began to recover, and a 10 year shortfall by the time the "ramp back up" restored some of the momentum in housing prior to the crash - basically, where we are now.Needless to say, no one anticipated COVID and the related impacts on the population and the economy.In my view. we're seeing a multi-faceted issue because of all that's happened since the crash, not to mention the impact of the crash itself.My $0.02 ...

GET title insurance it's vital in case heirs make a claim and the title officer will get an appraisal of value at death minus the balance owed = what PA department of revenue will want.

As with most large-scale, multi-faceted entities (such as RE in general), things find "new norms" constantly. 

I am continuing to add value to the property over the course of this year I will allocating 40% of my saved income to refacing and replacing vital components of all three units!