• Why You Should Be Investing in Multi-Family Homes in 2020 Why You Should Be Investing in Multi-Family Homes in 2020

    1 comment / Posted on by Rosemary Rivera

    Why You Should Be Investing in Multi-Family Homes in 2020

    Multi family homes proved to be quite the investment in 2019, and this trend is continuing into the new year. If you’ve been hearing a lot of buzz around investing in multi family homes, it’s all for good reason. Any investor looking for some serious cash flow and a more diversified portfolio in 2020 will definitely find these as a multi family real estate investor.

    Why Investing in Multi Family Real Estate Has It's Benefits

    Over the years, experts have promoted multi family investing as the best way to invest money. Now it might not be the right strategy for just anyone, but the fact still remains- investing in multi family homes definitely has its benefits. Here are a couple.

    Growing Your Investment Portfolio

    The best investment property for your portfolio is one that generates bigger returns faster. Multi family homes are the best type of income properties for building wealth. For instance, investing in a duplex or triplex is much quicker than going with a single family rental in which you would have to allocate your time and energy for each separate unit.

    Financing

    Investing in multi family homes may require a larger start-up capital, but getting approved for mortgage loans is actually much easier for commercial multi family properties. Lenders are more comfortable approving loans for a multi-unit property, in which there will be multiple tenants. This is because multi family housing lessens the dependency of cash flow on just one tenant. There’s just less risk involved from a lender’s point of view.

    ...

    Multi family homes proved to be quite the investment in 2019, and this trend is continuing into the new year. If you’ve been hearing a lot of buzz around investing in multi family homes, it’s all for good reason. Any investor looking for some serious cash flow and a more diversified portfolio in 2020 will definitely find these as a multi family real estate investor.

    Why Investing in Multi Family Real Estate Has It's Benefits

    Over the years, experts have promoted multi family investing as the best way to invest money. Now it might not be the right strategy for just anyone, but the fact still remains- investing in multi family homes definitely has its benefits. Here are a couple.

    Growing Your Investment Portfolio

    The best investment property for your portfolio is one that generates bigger returns faster. Multi family homes are the best type of income properties for building wealth. For instance, investing in a duplex or triplex is much quicker than going with a single family rental in which you would have to allocate your time and energy for each separate unit.

    Financing

    Investing in multi family homes may require a larger start-up capital, but getting approved for mortgage loans is actually much easier for commercial multi family properties. Lenders are more comfortable approving loans for a multi-unit property, in which there will be multiple tenants. This is because multi family housing lessens the dependency of cash flow on just one tenant. There’s just less risk involved from a lender’s point of view.

    ...

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  • The Hottest Multifamily Trends The Hottest Multifamily Trends

    0 comments / Posted on by Steven Rivera

    The Hottest Multifamily Trends

    There are changes happening across the multifamily arena that is drawing interest from both tenants and property owners and managers alike. The changes are reshaping the way multifamily apartments are designed as well as the scope of amenities being offered.
    This helps draw a better caliber of tenant to the multifamily housing market, and present property managers and owners with an opportunity to offer high-demand services that result in increased rents. Here are some of the hottest trends and how they could apply to different types of multifamily properties.

    What Renters Are Looking For

    According to a survey conducted by Entrata, a multifamily technology company, price is the number one attribute (74%), followed by the neighborhood where the apartment is located. They also place a higher value on having utilities included in their rent, which ranked higher than the square footage of the apartment. Specific amenities came in at 31%.
    When renters were asked about their “top of mind” desires, the top three desires were in-unit washers and dryers, which was followed by a gym/spa, and the third was a swimming pool. 
    Entrata surveyed renters on what amenities they would be willing to pay extra for each month, and the responses were (in order of preference): smart technology, in-unit laundry, online rent payments, secure access, a gym or fitness center and smart-home features.

    Living Closer to Downtown

    One of the biggest trends in multifamily properties is that tenants are willing to give up square footage in order to live closer to the downtown...

    There are changes happening across the multifamily arena that is drawing interest from both tenants and property owners and managers alike. The changes are reshaping the way multifamily apartments are designed as well as the scope of amenities being offered.
    This helps draw a better caliber of tenant to the multifamily housing market, and present property managers and owners with an opportunity to offer high-demand services that result in increased rents. Here are some of the hottest trends and how they could apply to different types of multifamily properties.

    What Renters Are Looking For

    According to a survey conducted by Entrata, a multifamily technology company, price is the number one attribute (74%), followed by the neighborhood where the apartment is located. They also place a higher value on having utilities included in their rent, which ranked higher than the square footage of the apartment. Specific amenities came in at 31%.
    When renters were asked about their “top of mind” desires, the top three desires were in-unit washers and dryers, which was followed by a gym/spa, and the third was a swimming pool. 
    Entrata surveyed renters on what amenities they would be willing to pay extra for each month, and the responses were (in order of preference): smart technology, in-unit laundry, online rent payments, secure access, a gym or fitness center and smart-home features.

    Living Closer to Downtown

    One of the biggest trends in multifamily properties is that tenants are willing to give up square footage in order to live closer to the downtown...

    Read more