Who Wants to Reduce Taxes on Their Real Estate Investment Income?
May 24th, 2017 | top of page

I recently met someone who can help you combine the twin problems of business risk and high taxes and, as a result, make yourself more money! Her name is Victoria Powell and I want to share just one of her insights with you. Victoria likes to quote the negotiating master Chris Voss (www.blackswanltd.com/about/team/chris-voss):  “Don’t be so sure of what you want that you won’t accept something better.” Maybe there IS something better you can do to Continue Reading

Bellago Homes Purchases 2 Acre Site in Phoenix’s Newest and Hottest Real Estate Niche: Infill Multi-Family Development
November 9th, 2014 | top of page

Phoenix, Arizona (November 3, 2014) – Bellago Homes, a Mesa–based developer with three, one-of-a-kind single family home neighborhoods in Phoenix, has entered the hotly contested infill, multi-family development arena with its newest acquisition. Bellago Homes dba Funk Family Enterprises, LLC purchased a two acre site on 48th Street about a quarter mile south of McDowell Road. The site, which is surrounded by over 20 multi-family projects up and down 48th Street including the 368 unit Class A Continue Reading

Victor’s Insider Scoop on What You Can Do If Your Property Insurance Company Won’t Pay or Low-Balls Your Claim
December 3rd, 2013 | top of page

If you own a multi-family property you’ve got it insured, right? And if you’ve owned your apartment for a while, or have several properties, the odds are pretty good you’ve already had or will soon have a large insurance claim. Your insurance agent probably sold you a policy to cover you against weather-related incidents like hurricanes, tornados, rainstorms, hail, for damage due to fire, smoke and water, and liability issues like slip and fall. In short, you’re Continue Reading

Victor’s Insider Scoop on Why You Should Take a “Futurist” Approach When Analyzing a Multi-Family Investment Property
July 2nd, 2013 | top of page

When I speak with acquisition managers about their company’s acquisition criteria, it’s not uncommon for me to glean from their comments that what they’d ideally like to buy is a property they can classify as a steal to the investment committee. I mean, what better way for an acquisition manager to justify his worth to his company than by demonstrating that he bought an apartment for substantially less than his bean counter’s formulaic spreadsheet said the property Continue Reading

Victor’s Insider Scoop on Does Your Apartment Have a Mold Problem? How Can You Find Out? Is It a BIG Deal? and What Can You Do About It?
May 28th, 2013 | top of page

Have you, a friend, family member, employee or tenant ever made a statement similar to one of the following? … “Every time I attend meetings in the management office for more than 10 minutes my sinuses begin to bother me.” or “Last time I showed the model apartment I began to cough and wheeze.” or  “Every time I go into the laundry room I begin to sneeze and notice my eyes get watery.”  We’re all constantly affected Continue Reading

Victor’s Insider Scoop on What Questions Do You Need to Ask a Multi-Family Property Management Company Before You Hire Them to Operate Your Apartment Complex?
April 5th, 2013 | top of page

Multi-family property investing and ownership can be highly lucrative providing a steady stream of cash flow, asset appreciation, and countless tax incentives. However, these ownership benefits do not just happen. The difference between properties that are:              well-occupied                                                                     Continue Reading

Victor’s Insider Scoop on What Do You Need to Know Before You Decide to Self-Manage Your Apartments
February 20th, 2013 | top of page

(or, “How Many Hats Can I Competently Wear at One Time and Actually Enjoy the Income from My Multi-Family Investment?”) Multi-family property investing and ownership can be highly lucrative. It can provide a steady stream of cash, capital appreciation, and countless tax incentives. However, these ownership benefits don’t just happen. The difference between a well-performing, high occupancy, cash-flowing property with healthy operating and reserve balances verses a cash-poor property with negative operations isn’t just luck. It’s almost Continue Reading

Victor’s Insider Scoop on What Can You Do When You Can’t Pay the Mortgage on Your Apartment?
January 16th, 2013 | top of page

You’ve tried and tried, but no matter what you do, the rental income coming in the door just isn’t enough to pay for both the expenses and the mortgage on your multi-family property. You’ve already played the game of “Robbing Peter to Pay Paul”, delayed as many vendors as you can, and cut back on needed maintenance just to keep your tenants happy. So what are your options now?   First: Mindset The first thing you need Continue Reading

Victor’s Insider Scoop on How to Reduce Your Apartment Insurance Premiums WITHOUT Changing Your Insurance Carrier
December 28th, 2012 | top of page

I recently met Doug Mellen one of the founding partners of Leonardo Management and was so impressed I felt I just had to tell you about it. Doug and his partner Daniel Cunningham have created an Intelligent Property Management System that can positively impact your bottom line in 6 ways: It guarantees your on-site manager is adhering to a comprehensive and documented risk management strategy thus reducing your exposure to the daily risk of expensive, time wasting, Continue Reading

Victor’s Insider Scoop on Basic Guidelines for Insuring Your Apartment
November 11th, 2012 | top of page

You’re about to close escrow on a new multi-family investment and you’re shopping for an insurance policy to protect your investment. Here are a few Guidelines you’ll want to follow to ensure your apartment insurance policy can be underwritten by a Preferred Carrier (an “A” rated company with stable financial backing). The complex needs one of the following types of supervision: • A full–time resident manager, or • An owner residing in the complex, or • A Continue Reading

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