The experts at Arbor Commercial Mortgage put together some stats that look very promising for multifamily in the coming years. American demographics are seeing a sizable decrease in family creation as more Millennials opt for higher education, postponing marriage.
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Real estate investing carries a daunting learning curve, but relax: you don’t need to learn about every niche in the market. While it will serve you well to have a solid foundation of knowledge, if your primary focus is multifamily investing, simplify your education a bit by building your multifamily strategy with a tri-level approach.
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Renters expect that their future landlords will check their references before renting them a home. When they’re entering into a legal contract with a landlord, renters also have a responsibility to check out the property owner or manager.
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Multifamily is one industry that is especially dependent upon integrated marketing. But, it doesn’t have to be a budget-busting endeavor. Use technology to market your property at little to no cost with the following productivity-boosting tools:
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The best time to plan for success is before you jump into a new venture. Invest in rental real estate with these seven essential tools in your toolkit, and you won’t be leaving your success up to fate or luck.
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