Tag: network
How to Select a Lock
Posted on: February 16, 2012 by total
This is a discussion on selecting door locks for apartment communities. Having this conversation ten years ago our consensus was that early in the 21st century we will all have paperless offices and key-less locks. Guess what; didn’t happen. Is your office paperless? Are your communities key-less? The likelihood is low. Electronic locks are the future. They provide a myriad of benefits to commercial multifamily property owners. New developments with on-site management must consider the benefits of electronic locks. Then there is everyone else; those with assets new and old that have 100 year-old technology (older really)- the lock and key
Multifamily and Crime
Posted on: February 16, 2012 by total
There is no way to avoid it. If you are in any way involved with income property management then sometime during your career path you and the assets under your management will be impacted by crime. Sometimes, violent crime. I am not exactly sure why crime is such a big seller on television. There are more Cops and Robber shows than ever. Perhaps it is because even a single act of crime impacts so many lives. When crime comes to your doorstep it is usually unexpected and seldom perpetrated by in-place residents. People forget that criminals have cars too. They are mobile
Real Estate Finance and Demographic Trends
Posted on: February 16, 2012 by total
With pent up demand for multifamily why is the construction pipeline slow to respond? Credit underwriting. With a plethora of real estate assets available for sale why is sales volume year-over-year about the same? Credit underwriting. Real estate finance is not for the faint of heart. The credit pipes “frozen” in 2008 continue to un-thaw three years later. And reading demographic trend tea leaves is becoming a tricky business. With no end in sight to the current credit crisis, multifamily construction is hampered to the Nth degree. Multifamily owners benefit now, yes, with less product in the pipeline and pressure on rents. However, the need persist for more multifamily housing even as economy begs for construction jobs. With the lingering glut of foreclosures and limited consumer demand for new homes, housing starts have few friends. “Since the beginning of this recession the home ownership rate in the United States has dropped from 69% to 66%” – RBC Capital Markets Do we really need the housing starts going forward? Is there a pending housing shortage? Here are some facts: • Fact: U.S. population growth is slowing to around one percent • Fact: The average age is increasing to over 35 years old • Fact: The U.S.
