Field Guide to Multi-Family Property
(Updated December 2008)
Have you ever thought about investing in rental property? Apartment buildings, condominiums, rental housing...all of these properties can be lucrative investments. Or they can be disastrous money pits!!! Below are several articles covering not only investing in multi-family properties, but also what to do with the property once it's yours. (K. Swanson, Information Specialist)
Landlord Investment Tips
screen tenants
require renter's insurance
protect property from vandalism
have fair rental loss coverage
obtain adequate limits of liability
Source: Landlord Beware: Advice to Protect You and Your Investment, (Realty Times, July 18, 2005).
Trends
These Are the 'Best of Times' for Multifamily TIC Providers and Investors: Part II, (Realty Times, Nov. 27, 2008).
These Are the 'Best of Times' for Multifamily TIC Providers and Investors, (Realty Times, Nov. 13, 2008).
The Ever-Evolving Apartment, (Buildings, Aug. 2006). Q
Top 10 Multifamily Trends, (National Real Estate Investor, June 2006). Q
Multifamily Demand Map, (Journal of Property Management, Jan./Feb. 2005). Q
Multifamily Real Estate Acquisition Strategies: A One-On-One With Walter Helm, (Realty Times, May 30, 2008).
How To Make More Money with My Real Estate Investments, (Realty Times, Aug. 7, 2007).
With Residential Home Sales Correcting, Builders Look to Growing Multifamily Market, (Realty Times, Oct. 26, 2006).
Apartment Market Rediscovery, (National Real Estate Investor, Sept. 2006). Q
Multifamily Market Divergence Spawns Condo Bargains, (Realty Times, Aug. 30, 2006).
Local Landlords Move Into Faraway Markets; As Many Hot Areas Cool Off, Real-Estate Investors Seek to Cash In on Rising Rents in Other States, (Wall Street Journal, June 14, 2006). Q
Is the Apartment Market Back?, (Mortgage Banking, Apr. 2006). Q
Rents Rise, Vacancies Drop as Apartments Join the Boom, (Wall Street Journal, Nov. 30, 2005). Q
Apartments and Condo Operators Represent More Than a Billion-Dollar Market, (Rough Notes, Nov. 2005). Q
Peeking Into Multifamily Housing, (Community Banker, Feb. 2005). Q
Property Management is Crucial to the Value of the Property, (Realty Times, Aug. 28, 2008).
Can't Sell Anything? Try Property Management, (Realty Times, Aug. 3, 2007).
Technology's Impact on the Property Management Profession(al), (Buildings, June 2007). Q
Big Changes May Await Property Managers, (REALTOR® Magazine Online, Nov. 13, 2006).
Hi-Tech Rent Calculators, (National Real Estate Investor, June 12, 2006).
Apartment Properties Offer Utility Programs, (Realty Times, Apr. 13, 2006).
When You Screen Tenants, Make Sure the Law is on Your Side, (Realty Times, Feb. 13, 2006).
More Apartment Landlords Are Likely to Face Disability-Access Suits, (Wall Street Journal, Nov. 16, 2005). Q
National Apartment Association, (www.naahq.org, 2008).
Multi-Housing News, (www.multi-housingnews.com, 2008).
Multifamily Housing, (KnowledgePlex, 2008).
Multifamily Financing, (FannieMae, Dec. 1, 2008).
Multifamily Housing, (HUD, Oct. 20, 2008).
Underwriter's Toolbox, (Banks Channel Publishing LLC, 2007).
National Multi Housing Council, (www.nmhc.org, 2005).
Books, eBooks & Other Resources
eBooks.realtor.org
The following ebooks and digital audiobooks are available to NAR members:
The Complete Guide to Buying and Selling Apartment Buildings (Adobe eReader)
The Complete Guide to Real Estate Finance for Investment Properties: How to Analyze and Single-Family, Multifamily, or Commercial Property (Adobe eReader)
Every Landlord's Legal Guide (Adobe eReader)
Every Landlord's Tax Deduction Guide (Adobe eReader)
Happy About Apartment Management: 30 Years of Expert Tips and Advice on Multifamily Property Management (Adobe eReader)
What Every Landlord Needs to Know: Time and Money-Saving Solutions to Your Most Annoying Problems (Adobe eReader)
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
7 Secrets to Successful Apartment Leasing: Find Quality Renters, Fill Vacancies, and Maximize Your Rental Income, (Chicago, IL: McGraw-Hill, 2006). HD 1384 C91
Every Landlord's Legal Guide, (Chicago, IL: Nolo, 2006). HD 1394 St4e
Complete Guide to Buying and Selling Apartment Buildings, (Chicago, IL: John Wiley & Sons, 2005). HD 1377 B46
Practical Apartment Management, (Chicago, IL: Institute of Real Estate Management, 2005). HD 1394 In7pr Ed. 5
Every Landlord's Tax Deduction Guide, (Chicago, IL: Nolo, 2005). HD 1394 F53
The New No-Nonsense Landlord: Building Wealth with Rental Properties, (New York, NY: McGraw-Hill, 2003). HD 1394 J76
Field Guides & More
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