Although home ownership became the goal of many Americans after World War II, there has been a quiet shift in perspective over the past decade. Many people are choosing to rent apartments rather than struggle to buy a home, because they feel apartment living is a better fit for their lifestyle.
When considering an investment in a multi-unit property, one of the most important things to take into consideration is the property’s potential for positive cash flow. Remember, this will only occur when the property produces more income in rents than the costs to maintain and service the property.
Finding the right apartments with plenty of space that don’t burst your wallet shouldn’t be that hard. Ask us about our spacious floor plans and affordable rates.
When determining whether an investment in a multi-unit property is right for you, you’ll need to figure out what your net operating income (NOI) might be. This is the income you would have leftover after all expenses have been met (allowing for vacancies).
We know moving can be a stressful venture with lots of factors to consider. However, there's nothing more satisfying than sitting down in the heavy couch you just moved into your new apartment.
Are you at a stage in your life where you come and go frequently and sometimes for extended periods? It can be difficult to leave an empty home for weeks at a time - an issue that isn't as acute in an apartment.
Investing in a multi-unit residential property can really be a smart move. Essentially, the greater the number of units in the building, the greater the cash flow and the bigger the chances for profit when the building sells.
All the kids are off to college and making lives of their own. Does that big, empty house seem like too much for you? Come by today, and tour our affordable, yet spacious floor plans.
If racking up hundreds of thousands of dollars in debt isn't something you're able or willing to do, you should probably consider renting an apartment rather than buying a house. This can also make it easier if you need to get other loans (such as when you're buying a car).
As an apartment resident, you have a wider range of choice for where you live than just about anyone else. Prefer urban areas, or those within walking distance of libraries, shopping, and entertainment? You'll find apartments that perfectly fit your needs.
Facilities management requires providing services to meet varying expectations, providing support, offering information, and being good listeners to pinpoint these needs. Good management for multi-unit residential properties wears many hats.
Renting an apartment is a smart choice for many people. As David Leonhardt, the Washington bureau chief of The New York Times puts it, “...it’s worth remembering that the advantages of homeownership are frequently exaggerated. The freedom to paint your house any color you wish comes with the responsibility of paying for a new roof when the time comes.”
Are you making a decision between an apartment and a house? Some of the benefits of apartments are directly related to their differences with houses. For example, apartment owners have the ability to live in a building without having to worry about all the details and duties of home ownership.
Since space is usually limited in an apartment, it’s important to use what you have wisely. Keeping an apartment decluttered is essential and can be accomplished with such inexpensive products as over the door storage racks and bed risers.
One of the best things about apartment living is that it is a smaller home than your “standard” home. This means that they are quicker to clean, since there is less space. It makes it that much easier to stick to a cleaning regimen!
Avoid rushing through your inspection when you move into a new apartment. Not only does this important step ensure you don't pay for damage you didn't cause, it helps us schedule maintenance to correct any issues you have with your new apartment.
Moving to a new city can be as painful as a root canal and sometimes even worse. If you’re tired of the headache of moving, give us a call, and ask about our affordable floor plans. We’ll make it as easy as possible for you.
Unfortunately, many people have been put off from living in condos because of bad apartment experiences. With the exception of sharing a wall with the neighbors, your experience couldn’t be more different.
One of the least fun things about being a homeowner is the lawn and yard care. Apartment renters get to enjoy the grounds around their building without the need to spend a lot of their time on mowing, trimming, and gardening.
Choosing an apartment can be difficult if you are moving to a new city, especially if you are unfamiliar with the surrounding area. Ask a leasing agent about taking a tour of an apartment complex so you can determine whether the environment and floor plans are right for you.
When it comes time to rent or lease in a multi-unit residential dwelling, the approach is the same as for a single-family home. It must be readied for rent as soon as possible. Cleaning, painting, and all repairs must be performed as quickly as possible.
Before choosing an apartment to rent, there are several factors to keep in mind beyond rental prince. These include how much space you will actually need (can you fit everything into a small studio apartment?) and whether you need a place that allows pets.
