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In our 4th and final segment of our interview with CoStar Group we discuss, what does the year 2021 (and beyond) mean for multi-family investors, multi-family values, and multi-family rental rates? While there are some turbulent times ahead, it is not what you might think.
In our 3rd segment of our interview with CoStar Group we get right to current sales volume and discuss sales transactions in your neighborhood over the last 3 months. If you missed the first 2 installments of this interview click here now to view.
In our 2nd segment of our interview with CoStar Group we discuss the sudden fall in asking rental rates, why landlords are starting to offer concessions (i.e. free rent) for the first time since 2010, and where tenants are migrating since the pandemic. Should one of your units become vacant in the coming days, strategy is key to obtaining the most aggressive rent possible, while at the same time being cautious not to give the unit away as you will have to tackle rent control restrictions going forward.
If you had to guess, what direction is our Multi-Family market headed? Are you Optimistic or Pessimistic about what the future holds for Landlords in CA? Today we answer the question of, what is exactly happening right now in the Multi-Family market, with real life facts and stats. No opinions! No emotions! With us today on The Apartment Dealer Show we have Steve Basham, Managing Analyst with the CoStar Group. CoStar is the leading authority when it comes to market analytics in the nation as they track 5,100,000 data points, and 6,000,000 properties on a daily basis.
Today we will discuss what Internal Rate of Return (IRR) is and how to calculate it. Internal Rate of Return is a tool used to calculate your overall return from the day you purchase an investment property, to the day you plan to sell that investment. Aside from calculating your yearly cash flow (very important), IRR will inform you of your overall rate of return as it also includes your estimated sales price at the end of your planned holding period. This is an advanced tool used by savvy investors to understand the overall picture when purchasing a Multi-Family Investment.
Welcome back to 5 Minute Multi-Family. Today we discuss my favorite topic when it comes to my own investment properties, calculating your Cash on Cash Return. Think of it like this, you have put up your hard earned capital to purchase an investment property, you take on the risk that comes with being a multi-family landlord, you have your time and energy invested managing the asset, so, how much are you really making at the end of the day? Let’s do the math and see what our true rate of return is.
Welcome back to 5 Minute Multi-Family. Today we follow up on last week’s video where I discussed how to audit the rents on a prospective purchase. Today we take it a step further to discuss the documentation you need as a buyer to confirm the tenants and the seller of the building you are looking to purchase agree on the rental rates and the security deposits.