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8 Property Management Best Practices to Keep Your Asset Running Effectively
The promise of this article is simple: to help you reduce your vacancy rate, boost your rent roll, and maximize your cash flow by adhering to the property management best practices of the pros. If you’re just getting started in rental property investing, these idea
The Cutting Edge: Tech-Focused Best Practices for Property Management
By David R. Cohen, Portfolio Manager, Summerfield Property Management Roughly 90% of all renters start their search for a new apartment online. As such, choosing the right digital marketing strategy can make or break the performance of your investment. At Summerfield,
Flexibility: A Strategic Benefit of Utilizing a Mid-Size Management Company
By David R. Cohen, Portfolio Manager, Summerfield Property Management Choosing the right property management company to oversee the operations of your asset can make the difference between success and mediocrity. We make no secret of the fact that we aren’t the
The Smart Renter's Guide to Security Deposits: 3 Ways to Protect Your Hard-Earned Money
A hand shake, a “thank you” and a security deposit paid back in full. That’s how you want your lease to end. But in order for this to happen, three conditions must be met: You must feel grateful for the time you spent in a comfy home and excited to move to a bette
What is a Cap Rate in the Context of Commercial Real Estate Investments?
Cap Rate How do you know your initial expected rate of return for your commercial real estate investment? Informed commercial real estate investors measure this by determining their investment’s anticipated capitalization rate “cap rate” before investi
The Top 7 Reasons to Invest in Garden Apartments
What are Garden Apartments? Garden apartments, also known as garden-style apartments, are a type of multifamily real estate that are a series of low-rise buildings spread across a larger piece of land. Garden apartments are lower in density than other types of multifami
8 Essential Clauses Every Property Management Agreement Needs
Property Management Agreement A property management agreement is a written contract between a property owner and a property management firm that outlines the manager’s duties and responsibilities. This agreement is critical for protecting the owner’s interes
What are The main Pros and Cons of Short-Term Rentals
Short-Term Rentals Someone may be unemployed or deciding on moving to a different city after completing their education. In contrast, others might just want to try a new neighborhood. There can be several reasons why people prefer short-term lease apartments over long-t
What is a Rental Income Calculator and Factors Affecting It
Rental Income Calculator Are you looking for a passive income source? The impact of inflation on the cost of debt has taken its toll and is now nearing its end. The good news is that multifamily apartment rental prices are down 10% to 20% depending on the market. ItR
What are the Benefits of Tenant Screening for Landlords
Tenant Screening Any seasoned landlord will accept that Tenant screening is one of the most important steps to ensure they get qualified Tenants and protect their properties. Landlords should conduct background checks for every prospective Tenant to ensure they are the
Townhomes for Rent: Smart Investment Opportunity for Investors
Townhomes for Rent Real estate investing is an excellent way of growing wealth; however, you need a proper understanding of the industry, its related risks, and rewards. But, if you’re interested in smart opportunities, look at the investment potential of townhome
What is a Gross Rent Multiplier and Its Benefits
Gross Rent Multiplier Imagine you are a multifamily property investor; you have your eyes set on two similar properties with almost identical attributes and in a similar location. One has 20 residential units, and the other has 30 units, so which one do you invest in? W
What You Need to Know About Break Even Point
Break Even Point Every multi-family investment, irrespective of size and type, has one common goal: to be profitable. Being profitable takes focused effort and the first goal of an investor is to surpass their break even point. Most if not all investors measure investme
Cutting Edge Technology for Real Estate Multifamily Investors
Multifamily With growing urbanization, space limitation, and inflation people are looking for affordable housing options, and renting has growing demand. Multifamily housing has emerged as a winner in these challenging times. Multifamily investors are always looking for
What is Cash on Cash Return? An investor's guide
Cash on Cash Return Multifamily income property is a great source of passive income, but how much you make depends on several factors and applicable taxes. If you have decided to invest your hard-earned money in a multifamily apartment property, it is good to understand
5 Simple Tips to Quickly Minimize Your Vacancy Rate
Minimize Your Vacancy Rate According to a real estate survey, rental owners’ top request for property management services in 2021 was to minimize our vacancy rate. Landlords always look for reputable property management companies to assist them to reduce vacancy r
What is Real Estate Crowdfunding And How Does It Work?
Real Estate Crowdfunding When we speak of real estate investment, most take it to hundreds of thousands of dollars, and you usually do not have such an amount lying in your checking account unless you are Barbara Ann Corcoran. But lack of funds should not stop you from
How to Maximize Your Rent Roll: 10 Tips for Property Investors
Maximize Your Rent Roll Your rent roll refers to the total gross rental income you receive from your investment properties. Income property is one of the biggest sources of passive income. As a property investor, one of your primary goals is to learn how to grow your re
What Is Fair Market Value & How to Calculate It?
Fair Market Value Out of all the things in real estate, fair market value, or FMV, is a term that professional real estate professionals throw around a lot. If you are new to the real estate market, this is one term you should understand. Keep reading to learn more abou
Everything You Need To Know About Long-term Rental Property Investment
Long-Term Rental Property Looking for tenants every few months can be extremely tedious, and when you find a good tenant, you don’t want to let them go. Long-term rental property can be a fantastic option for you. It can be an effective way to build long-term weal
What is Assessed Value? How Does It Differ From Market or Appraised Value?
Assessed Value The Assessor’s office for each county in the United States determines an assessed value for all property in the county including apartment complexes. It is used by local and state governments as a way to allocate tax collection to meet their needs for g
What is Turnkey Property Investing? Why We need To Know It
Turnkey Property Investing Presently, real estate has become a popular passive investment method, and more people are investing in it. As an investor, you always seek new opportunities to grow your portfolio. When it comes to real estate, there are many different strate
The Benefits of Multifamily Housing for Local Communities
Multifamily Housing When you think of housing, single-family homes typically come to mind. However, a type of housing that is often overlooked is multifamily real estate. For most real estate investors, multifamily housing investment is a great way to generate passive i
How to Analyze Cash Flow in Real Estate Investments
Analyze Cash Flow in Real Estate Investments The recent pandemic brought the world to its knees. Needless to say, the economy was impacted in unexpected ways, and even now it is unclear what will be the ultimate long-term impact. One important economic sector saw unchar
Real Estate Proforma: A Comprehensive Guide
Real Estate Proforma A real estate is proforma is a tool used by investors to assess the financial feasibility of a potential investment property. The proforma calculates the potential current, medium, and long-term annualized Net Operating Income (NOI) for a property,
Your Ideal Tenant + Your Income Goals
By Operations Team. For more information, contact Robert Parmar Costs can spike when you do not attract the right Tenant demographic. Driving down operational costs by controlling delinquency, reducing turnover, and minimizing upkeep starts with marketing to the Tenant
The Impact of Rising Commercial Mortgage Rates on Multifamily Investment
Commercial Mortgage Rates Commercial mortgage rates in the United States fell to an all-time low in 2021, making loans very affordable. Many American investors jumped into investing in income property, specifically multifamily rentals. With inflation on the rise, the Fe
What are the Pros and Cons of Refinancing a Mortgage
Pros and Cons of Refinancing a Mortgage For the past number of years, investors in the multi-family industry enjoyed strong market fundamentals, favorable economic conditions, and falling interest rates. This led to beneficial opportunities for refinancing their loans,
What Is The Purpose Of A Loan To Value Ratio in 2023?
Loan To Value Ratio Are you an investor looking to purchase a multifamily rental property? Most investors borrow money to help fund the proceeds to purchase a property. Banks use the loan to value ratio (LTV) to consider how much money they are willing to lend. The high
Cap Rate Trends of 2023: Multifamily Real Estate Market
Cap Rate Trends The commercial real estate industry in the US entered a new frontier in 2022 through market challenges driven by inflation and changing US monetary policy. This market is constantly changing and evolving. We urge real estate investors and asset managers
The Top 5 Real Estate Trends To Look Out for in 2023
Real Estate Trends The real estate market is cyclical. It is divided into four phases: recovery, expansion, hyper-supply, and recession. It can provide reliable information regarding an investment property’s potential profit. For investors, it is crucial to identi
The Top 8 Benefits of Living in an Apartment with Utilities Included
Living in an Apartment with Utilities Included If you’re like most people, you probably budget your monthly expenses intending to make ends meet. Especially in today’s economy, one must constantly worry about how to save money due to inflation and the rising cos
Things to Know Before You Sublease Your Apartment in 2023
Sublease your Apartment The one most uncertain thing in life; you never know what will happen in the future. But when we plan for our future, we never think of such uncertainty. Rent agreements for apartments are usually done for a year, but for various reasons; you mig
Maximizing Returns in 2023: The Benefits of Real Estate Depreciation
Real Estate Depreciation Most real estate investors are familiar with the concept of real estate depreciation – reducing taxable income by writing off the cost of a long-term asset over its estimated useful life. Rental property depreciation is a primary element in ta
What is Real Estate Syndication and How Does it Work in 2023?
Real Estate Syndication Are you looking to invest but unable to take the plunge because of a lack of knowledge about investing and/or inadequate funding? Keep reading because we may have just the right option for your problem. Rather than trying to invest alone, partici
5 Multifamily Property Management Myths You Need to Know
Multifamily Property Management Myths What happens when you buy a multifamily property and need to run it? As a landlord, does your job end with finding tenants? Who takes care of the property i.e. maintains it on a day-to-day basis, and handles the tons of paperwork? T
Pros and Cons of Investing in Ground Lease in 2023
Ground Lease Pros and Cons Prime real estate is frequently pricey and challenging to find. However, Developers who might not otherwise have access to land for developmental purposes can get an opportunity through the process of securing a ground lease. A ground lease re
6 Best Property Maintenance Tips for Winter 2023
Property Maintenance Tips for Winter Winter is here! Winter ushers in a season of festivities and celebrations. But it also brings certain challenges, especially if your property is in a Northern climate. The cold weather affects your buildings and grounds, from snow
The Top 5 Reasons Lease Renewal Makes Sense
Finding an apartment that ticks all your requirements is like winning a million-dollar lottery. And once you find a place you can call home, it’s not easy to move out. Lease renewal can be a source of anxiety for many renters. Will your rent go up? Will you have t