Blog
Current State of the Apartment Market in Portland, Oregon
Many apartment investors are wondering what is currently happening with Apartment sales in The Portland Metro area. Patrick Barry with Barry & Associates, apartment appraisers and John Gillem with Costar, kindly allowed me to visit with them to share their information. Apartment sales are driven by…
The art of focusing yourself and your business
If your desk is like mine, it might be a little cluttered. You probably have many ideas driving through your brain at Mach One and you are valiantly trying to hold onto those ideas and tasks, while the phone is ringing, and your team members are asking you questions. If you are not like me, your desk is…
Business Planning for Real Estate Investors
Henry Ford, the father of Ford Motors, had a relentless focus on planning. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. This is the main concept I want to deliver in this article. Successfully operating your buildings is the goal for all…
Climate Change and its Impact on Investment Property
The world’s climate is changing and so are the methods adapted to adjust to the changes. Real estate investors need to improve their due diligence when they purchase properties and be attuned to the local environmental and climate conditions as they make the decision to purchase a property. The fire…
What drives a recession and why it is important to you
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending. (1) The primary factors driving us toward an economic contraction include…
Business Succession Planning
Many years ago, our attorney advised us to implement a succession plan. His thoughts focused on managing the company in case I was unable to. As a business owner and an owner of investment real estate, I was not prioritizing the significance and urgency to set up the succession plan, so I ignored…
Managing your Real Estate Investments by Remote
The way life usually happens when you are selling your property (or buying a new one) is you discover something is broken. Maybe the roof is leaking, or the chimney is falling apart, or the air conditioning has been serviced, but the vendor missed something, or the elevator has not been inspected. There is a…
Why being actively involved with your investments is important
George owned a three-plex in a quiet neighborhood. He had no trouble getting tenants to apply when there was a vacancy because he made a point of keeping his units clean and up to date. In his 30s and 40s, he had worked on the properties making repairs, so he was at his property on a regular basis. At this…
Choosing An Accomplished Property Manager, So You Can Sleep at Night
As a successful investor, you may have already given thought to hiring a property manager to take care of your investments. This article will give you some tips and tools that you can use to help make a successful decision. Property managers exist for the management of all investment real estate from homes…
Successful Real Estate Investing
Real estate investing is a common conversation topic for good reason as it can be very lucrative when done correctly. However, many investors have lost thousands or even millions of dollars on devastating mistakes that could have been avoided. Cliff Hockley, a property management and commercial…
Don’t ever ignore mold at a property you own
It is a moderate day of 55 degrees. Your name is Pablo Smith, and you are the owner of the White Lily Apartments. Today is the day you have chosen to tour your twenty-unit apartment complex. You are relaxed and happy. The rent has been coming in on time. The tenants have been quiet. You vacant…
Quality Control
Gene owns the Yamhill Village Apartments, a quiet 50-unit apartment property location with a park across the street. He does not use a property management company. He lives out of town and has to depend on his on-site managers to keep him informed with a monthly report. Gene visits the property…
The Resident Manager Contract
Suppose you own a 40-unit apartment complex. You notice that the units are not renting very quickly, your vacancy rate is high, and for some reason your collections are very low. As you are auditing your year-end books, you discover that your on-site manager has been pocketing the laundry room machine…
Death in a Unit
It is not uncommon to have a resident pass away at a property, whether in their apartment, on the grounds or even in a hot tub or pool. Sometimes, the on-site manager can anticipate this in advance, if a tenant is elderly or ill for example. Good on-site managers make sure to check in on such tenants and…
Drop and Swap Fundamentals
Minimize your tax bill with some smart planning that will leave more money in your pocket come April 15.
Internal Controls -
Retirement may seem a long way off, but it’s never too soon to begin saving. Let us talk you through the available options.
Successful Real Estate Investing: Invest Wisely, Avoid Costly Mistakes and Make Money
This book by Cliff Hockley, is a guide that includes everything one needs to know about investing in real estate. Successful Real Estate Investing was written to help investors of any experience level.
Real estate investing is a common conversation topic for good reason as it can be very lucrative when done correctly. However, many investors have lost thousands or even millions of dollars on devastating mistakes that could have been avoided. Cliff Hockley, a property management and commercial brokerage expert, wrote Successful Real Estate Investing to help people avoid these mistakes and make as much money as possible from their real estate investments.
Experience is a very effective teacher, and therefore Successful Real Estate Investing allows investors to learn from others’ experiences. Successful Real Estate contains thirty- four stories of different real estate investors, emphasizing exactly where these people went wrong, or what they did correctly. These stories include a wide variety of investors and investment types to offer knowledge that is applicable for any investor.
Successful Real Estate Investing: Invest Wisely, Avoid Costly Mistakes and Make Money was released by Morgan James Publishing on May 21, 2019. It is widely available on the internet in paperback and e-reader and kindle format.
