Saturday June 24th 2017

Join Us On

join the IRREIA linked in group

‘Resident Analysis’ Archives

IRREIA is Proud to Sponsor Our New Book Coming Very Soon

IRREIA is Proud to Sponsor Our New Book Coming Very Soon

IRREIA is in the final stages of publishing our first Ebook for our readers and members.  This volume offers over 250 pages of actionable ideas to improve your investing and property management skills and results.  Divided into 7  sections, the  book covers: Developing investors, Investor communications, Reducing operating [...]

Growing Revenue in Multifamily – The Ten Percent Rule

Growing Revenue in Multifamily – The Ten Percent Rule

I've included an article by John Wilhoit in my post today.  Before jumping into John's article, I'll add I've had great success with this  process to increase occupancy and to increase revenue. A couple quick examples stand out for me.  John presents the idea of furnished units.  We took advantage of this with minimal furnished units [...]

Rent Trends and Renting Ideas

Investors will find Mike's article interesting as we consider investment alternatives. __________________________________________________________ In a recent survey completed by Rentbits dot com of 1000 people were who were in the process of finding a rental home, people were asked a series of questions about their process of finding an [...]

You Bought It… Now What

You Bought It… Now What

So, you identified the project.  The market research and other due diligence checked out.  You even reached terms that suited you.  So what now?  If you don't create a successful management plan you'll soon experience your first real estate failure.  Or, perhaps you've had several investments already.  Are you getting all from these projects [...]

A Plan to Complete a Successful Residential Investment

A Plan to Complete a Successful Residential Investment

Many investors become put off completing an investment by the details of completing the process.  This week we are adding a page to help prospective investors "Eat the Elephant".  Like the old adage says, the elephant is eaten one bite at a time. To complete an investment, there are some distinct steps to wade through.  Unfortunately, this [...]

Checking Out the Neighbrohood Can Assure Cash Flow Success

Checking Out the Neighbrohood Can Assure Cash Flow Success

Investors often don't spend enough  time analyzing the neighborhood's potential impact on the  proposed investment.  Some tips I  recommend are: Spend time touring and understanding the  neighborhood, Checkout the crime factors, Assess shopping, Assessing employment, Look at the local demographics Check out the schools For [...]

Resident Quality

Resident quality is a critical due diligence item.   There are a number of steps that should be taken prior to taking ownership: Verify income qualifications, Run criminal background checks for each resident, and Run credit checks for each residents Look at the aging reports to identify potential credit resident issues. A next step is to [...]

What Is Good Due Diligence?

Effective due diligence is information collected prior to purchasing a property that accomplishes the following: Results in changes to the business plan resulting more rapid increase  in revenue. Results in changes to the business plan resulting in greater final revenue than was anticipated. Results in changes that assure the project is fully [...]

General Guide to Multifamily Investment Due Diligence

Successful multifamily investment requires careful consideration of a range of areas supported by carefully prepared information, research, and analysis for these areas. This is known as the due diligence process. A well executed due diligence assures appropriate funding, strengthens the total financial plan and therefore potential returns, and [...]