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I just bought a building in April w/ 4 residential units. All tenants were on month-to-month agreements under the previous ownership. All contracts expired after I took over the building. Now 2 of the 4 tenants refuse...
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Just wondering what people do when they come across these 2 issues that I have been having with my properties: 1) The real estate taxes jumping really high after the new assessed value comes out? We filled to have the...
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Mezzanine Debt and Preferred Equity. Part 1. Executive Summary
The multifamily real estate sector has experienced a sharp rise in distress rates, increasing from 2.6% to 8.4% over the past seven months. This surge c...
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I am viewing a 15 unit Apartment complex tomorrow here in Memphis. My business partner and I own quite a few SFR, Duplex & Triplexes but nothing larger. What information do I need to gather from the agent / seller...
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I just wanted to know people's opinion on this, if you have a good tenant but their rent is below market value, should you look to increase rent even if it could be pushing them out of the property from an affordabili...
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I’m looking at acquiring a 16 unit multi family complex. Overall it’s in decent condition but does need some light renovations. For instance the interiors have outdated wood paneling that should be replaced with sheet...
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I've been using a property management company in Memphis to manage two rental properties. I'm out of state, so I rely on the property manager to keep the houses in nice condition and keep good tenants in place. I've b...
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When one sees a property that they might be interested in on your site of choice, what is the information that you ask the listing agent for the get the conversation going? I have been asking for income and expense nu...
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About much can I expect to pay for a 41 unit apartment complex in north Florida/ southern Georgia? Just ballpark. Where can I look up similar properties of this type that have been sold?
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I buy single family residential homes and usually spend between $5K-$10K rehabbing them into rentable condition before placing tenants in them. It includes anything from painting to replacing light bulbs to hangin...