Victor’s Insider Scoop on the Need for and Trends in “Wired” Apartments
November 7th, 2012 | top of page

Four of the articles in this month’s edition of Phoenix Apartment Real Estate News (if you’re not a subscriber click here) are about apartment design. Specifically, design related to the wants and needs of the Gen Y renter. There’s little question that the renter pool of young adults is big and getting BIGGER. According to Multi-Family Executive there are 80 million members of Gen Y that will be hitting their prime renting years over the Continue Reading

Victor’s Insider Scoop on Top Dollar Sales Strategies for Selling Your Multi-family Property
October 19th, 2012 | top of page

Too often I’ve seen apartment owners marketing their properties before they’re adequately prepared. And don’t think only apartment owners fall into this trap. Many so called “multi-family brokers” take a shotgun approach to marketing an unsuspecting client’s apartment by not taking the proper steps to assure their clients receive “Top Dollar” offers for their properties. If you want to attract “Top Dollar” offers, there are the 5 essential steps you must take before bringing your multi-family property Continue Reading

Victor’s Insider Scoop on Scottsdale’s Apartment Tsunami
September 21st, 2012 | top of page

Unless you happen to have a seismograph in your den there’s an unseen event that occurs well before a tsunami strikes shore: an earthquake causing a rapid shift in the sea floor. Scottsdale, Arizona is poised to be flooded with a new wave of Class A apartments. But, unlike an actual tsunami whose wave train only lasts from several minutes to a few hours before the water begins to recede, Scottsdale’s apartment tsunami will be stretched out over the Continue Reading

Victor’s Insider Secrets of Dealing with Your Apartment’s Lender
August 15th, 2012 | top of page

In today’s real estate market it’s not uncommon for an apartment owner to be faced with the problem of not being fully able to meet their obligations to their lender. Perhaps your loan is coming due and, in today’s real estate financing climate, there’s no way to secure a new loan to replace the maturing loan. Or perhaps, no matter what you do, the income just isn’t enough to make the monthly payments as they are now Continue Reading

Victor’s Insider Scoop on the 2011 Phoenix Multi-Family Market …
January 15th, 2011 | top of page

January was an active month in Phoenix’s apartment market. This month’s newsletter contains the cast of characters you would expect: more foreclosures, rising apartment sales prices, more renters, condos reverting to apartments and revived condo projects, a new apartment development in the pipeline, and sales of 5 complexes totaling 959 units for $65.4m (from $28k/door to over $109k/door). There’s even one project that got flipped for 83% more than was paid just 6 months earlier! On a Continue Reading