One topic that I personally hear, and think should be considered by current real estate investors involves the return on equity calculation. I'm often surprised by how many people aren't looking at this calculation. I'll give you a great example to illustrate how it works…
Another question that I've been getting more frequently from investors involves the fund. The question I'm hearing more as we near the fund launching is: Is this a blind pool? The answer to that is yes...and no. ..
Another common question I hear from current and potential investors is how BAM deals with finding deals at this point in the cycle. Similarly to what I've said about how to succeed in this industry, the answer here is simple -if not easy.
One question I've been hearing from almost all of my investors is about why we're switching to a fund, and I'll tell you why BAM's exciting 2019 project is a good deal for everyone. The questions I'm being asked by so many of our investors are typically why am I moving to a fund, and what are the advantages and disadvantages.
These days at BAM, my primary focus is on big-picture ideas, company strategy, acquisitions, and equity finance. We've built Barratt Asset Management into a best-in-class property management company, and recently received Inc 5000 recognition. After all the years of growing and scaling BAM and “paying tuition (my fancy way of saying “making mistakes!)” along the way by learning on deals, I wanted to share what it takes to find the right sponsor if you’re a passive investor.
To me, property management is literally the hardest, most thankless part of real estate investment. Lousy property management can wreck a great deal. Excellent property management can turn around a mediocre one. Property management is easily the most crucial part of any asset investment; that’s why I started my management company first! My extensive experience in this area has helped my team create the best property management machine possible.
In America today, the number of homeowners continues to decline while the number of renters rises. Most of these renters are looking for quality, safe, clean, and more importantly, affordable housing for themselves and their families. This growing workforce is also facing a shortage of units in that accessible rental band of 600 to $1,100 a month.
High occupancy is the name of the game in the multifamily rental industry and it doesn't happen by accident. Your property management team can take ownership of both gaining and retaining tenants by following some sound strategies that we outline for you below. Your best rental property experience begins with having a solid property management team in place – so make putting together your dream team step number one. Then have your team take the following steps to improve occupancy rates at your property.