A bad home market like we have now is usually a good market for apartment owners so it’s no wonder:   "Organizations representing the rental side of the real estate market are lobbying against proposals for home buyer assistance. The National Multi...

The purchase of an apartment building can be overwhelming but once you have made the decision to either start with a multifamily building, move up via a 1031 exchange from houses or add to your portfolio of houses then it gets easier.  There is a lot...

While doing a rental survey. We called a number to check on rents. "Hello, thank you for calling —— we are now at lunch hour, please leave your name, number and the property your are calling about and we’ll return your call as soon as possible." beeb,...

Below is a report put out by the NAR about the current commercial real estate markets.  It’s not surpriseing news.  The information is on a national level but translates well, overall, to the Greater Phoenix commercial real estate market.  At the...

A question I get quite often, mainly because I work with buyers and sellers of investment properties, including homes and multifamily, is: what are the rents in a particular area.  A buyer needs to know this to establish the value of the property being...

The small multifamily income market in Maricopa County, sale have been on the rise over the last few months.  In October 27 such properties sold.  That is a small increase over 21 last month but a large increase over the low of 9 in February 2008....

How to find a tenant for your Phoenix income property.   You can sometimes get a house rented by only sticking in the ground a "for rent" sign but just as with selling a home its worth going the extra effort to expose your home to as many prospective...

 24 multifamily properties sold in September in Greater Phoenix.  This is data from the ARMLS.  It does not include large properties: it’s mostly 2-10 unit properties.   The graph dispalys 20 becasue there were a few last minute closes after the graph...

The Phoenix Business Journal (9/26/08) has an overview of the apartment building vacancy rates.  I’ll add my thoughts to this relating to smaller multifamily buildings. Reasonably when the market for homes goes down in sales and demand there is...

The value of separate meters on a property cannot be underestimated.  Most multifamily properties have one meter for water and maybe separate meters for electricity: in small multifamily properties is normal to have individual electric meters but it’s...