Category: Nettamorfasis
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Prices Rise for Apartment Buildings, But Fewer Properties Sell
Investors are getting pickier about the properties they buy and the prices they are willing to pay. Bendix Anderson via NREI Investors continue to buy fewer apartment properties than they did last year. Yet prices continue to rise. “It’s another down…
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Multifamily Investment Update – 2017
• 3.8% Vacancy Rate 90 basis points below 2007 2017 – Multifamily Investment Perspective • $1,337 Average Monthly Rent 30.4% above 2007 • 5.2% Average Cap Rate 80 basis points below 2007 • 12,200 Transactions 22.9% above 2007 • $140…
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Apartment market tightens
Here’s why that’s bad news for housing Apartments are the base of the pyramid — think food chain, from plankton to krill to whales BY LOU BARNES via Inman Key Takeaways The bottom of the housing food chain is the rental apartment.…
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SOLD * SOLD * SOLD * 5-unit apartment complex in Sarasota, FL
The Ridgewood Heights Apartments SOLD : $600,000 September 2017 Only days after Hurricane Irma threatened the Sarasota area, all partners of SBR and parties came together to successfully close the sale of a 5-unit rental property located at 4704 Swift…
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Hurricane Irma relief
Best of luck to everyone in Florida. 100 year storm here in Tampa Bay Area (including Sarasota & Bradenton). If any owners need assistance after the storm – my team is offering complimentary property visits to out of area owners…
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High Construction Volume Softens Multifamily Investor Sentiment
By Mary Salmonsen via MFE (Multifamily Executive) A majority of apartment owners would prefer to hold apartments rather than buy or sell, according to Marcus & Millichap. Investors in the overall commercial real estate market are proceeding with more caution…
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Real estate scalability: 5 steps to bigger business
Instead of trying to sell something, solve something for your prospects, and you’ll immediately see a spike in business BY AFRA SANJARI via Inman How do successful real estate agents keep taking their growth to the next level without working themselves to…
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Testimonials
“Sean Dreznin handled a very complicated 1031 Exchange for a multi-family complex for us. We were extremely pleased with his knowledge and expertise on the matter. Sean is an excellent commercial realtor.” Terri Noyes & Al Clarizia “Sean Dreznin has…
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Tale of the Trail: a transformative journey of Tamiami Trail (Tampa to Miami)
By Jeff LaHurd Correspondent via Herald Tribune After Henry Ford’s Tin Lizzie opened travel to the masses, progressive towns and cities throughout the nation, and particularly Florida, considered at the time America’s “Last Frontier,” made road building a priority. No matter…
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6 Tips to Managing Client Expectations
These tips will help you build longstanding relationships that can withstand the good times as well as the bad. So much work goes into winning new business, regardless of the industry in which you work; there is the initial prospecting,…
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