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 Why Your “WHY” Trumps Your “HOW” and Your “WHAT” Everytime.
December 17th, 2012 | top of page

How do you get what you want? Your answer to this question is independent of whether you’re trying to get a customer to sign a contract or your kid to take out the trash. That’s because there are only two ways to get someone to do what you want them to do: you can manipulate them or you can inspire them. 
Most of us get it wrong! Most people try to manipulate. And for good reason: it Continue Reading

Victor’s Insider Scoop on Some Reasons Why Meat Stinks …
December 4th, 2012 | top of page

At least once a year my undergraduate alma mater McGill University hosts a function in Phoenix for graduates, their families and parents of current students. It’s typically been a brunch in February at The Sanctuary
 which is a great location for winter-weary McGill staff to put on an event and thaw out. The event I attended on December 2nd was a bit different. It was held and the home of a dental school graduate and brought together 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

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 Another Must Watch TED Talk
October 4th, 2012 | top of page

Your Body Language Shapes Who You Are Body language affects how others see us, but it may also change how we see ourselves. Social psychologist Amy Cuddy shows how “power posing” — standing in a posture of confidence, even when we don’t feel confident — can affect testosterone and cortisol levels in the brain, and might even have an impact on our chances for success. Amy 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