The White House plans to introduce a proposal today to cap annual rent increases at 5% for major apartment landlords. While the rent cap may increase affordability for renters it likely will dampen investment/development in multifamily assets. Ultimately the demand/supply imbalance would lead to a housing shortage increasing rents. What do you think of this proposal? #rent #rentcap #multifamily #cre #housing

The 5 Hidden Costs of Multifamily Development Learn How (Us) RAD Saves You Money! Multifamily development, like building apartments or condos, can seem like a straightforward path to real estate riches. But beneath the surface lurk hidden costs that can eat away at your profits. We will unveil these 5 sneaky cost culprits and introduce our potential solution to help you save money. ⇲ Delays: Permits, problems, and waiting cost money! Construction takes longer, workers get paid to wait, and loans tick away. ⇲ Hidden nasties: You might find yucky stuff underground or have to change plans 'cause of surprises. Fixing these issues costs a lot! ⇲ Empty apartments: Filling them is tough! Ads and keeping them empty burns through cash. ⇲ Loan surprises: Loans have high fees and changing interest rates. Plus, unexpected costs might force you to borrow more. ⇲ Fixing forever: Cheap building materials or skipping maintenance leads to expensive repairs later. Save Big on Apartments: How RAD Cuts Your Costs Building apartments can be a goldmine, but hidden fees can eat away your profits. Rogers Acquisition & Development (RAD) is your cost-cutting hero! Here's how: 👉Before You Build: Find the Perfect Spot: RAD helps you choose the right location with strong demand and easy permits, saving you time and money. 👉Building Smart: Smart Design & Materials: RAD works with experts to find high-quality, affordable materials and efficient building methods. You get the best bang for your buck. 👉Financing Made Easy: Locked-in Rates: RAD secures loans with fixed interest rates, protecting you from surprises and keeping your budget on track. 👉Long-Term Savings: Energy-Efficient Design: RAD builds apartments that cost less to run, saving you money year after year. 👉 Happy Tenants = Less Cost: Great Apartments: RAD builds high-quality units with features tenants love. This keeps them happy and reduces costly vacancies. RAD is your partner in saving money on multifamily development. Let them turn your apartment dream into a financial reality! If you found this helpful, save it and follow us for more. #constructionbudgeting #realestatecosts #RADrealestate #expertplanning

Northside Capital Partners Acquires Its First Building in San Francisco Real estate investment firm expands its portfolio with a mixed-use property in the historic Marina neighborhood San Francisco, CA, April 4, 2024 Northside Capital Partners, a real estate investment firm based in San Francisco, announced today that it has acquired its first building in San Francisco, a mixed-use property located at 3006 Gough Street in the Marina neighborhood. The building, which was built in 1906 and renovated in 2018, features 12 residential units and a ground-floor retail space. The purchase price was $5.6 million. "We are thrilled to enter the San Francisco market with this acquisition, which aligns with our strategy of investing in high-quality assets in attractive locations," said Trent Moore, founder and CEO of Northside Capital Partners. "This building offers a rare opportunity to own a piece of history in one of the most desirable neighborhoods in the city, with strong demand from residential tenants." Moore added that Northside Capital Partners made some minor improvements to the property, such as upgrading the common areas, but will maintain the historic character and charm of the building. "We are committed to preserving the architectural integrity and heritage of this property, while enhancing its value and appeal for our tenants and the community," he said. Northside Capital Partners, which was founded in 2024, specializes in acquiring, developing, and managing multifamily and mixed-use properties in urban markets across the United States. The firm's investors include institutional and high-net-worth individuals, family offices, and private equity funds. For more information, please visit https://lnkd.in/dADjXGXJ or contact Jim Anderer at [email protected] or (415) 990-1450.

The #housingmarket witnessed a slight dip📉 in the median rent in October, settling at $1,978. This was a marginal 0.3% decrease from the same period in 2022 and a higher (1.6%) reduction from September 2023. An increase in rentals has caused high vacancy rates, hence the dip. What does this mean? #Renting is more attractive than #homebuying in some metropolises, such as Austin, #California, and #SanJose. But some cities favor buying instead of renting, such as #Memphis, TN, #Pittsburgh, PA, and #Birmingham, AL. For prospective #realestateinvestors, it could be a sign of caution.⚠️ LittleBigHomes.com #realestate #property #investment #realestateinvesting #realestatelife #business #rentalproperty #realestatenews #realestateadvice

So..... There were a record number of new multifamily developments going on last few years and there are some markets where a lot of new apartments ("supply") was going to hit and we expected occupancy rates to fall. Here's the funny thing, they barely moved, and there are reports in many markets where the # of these new units that are rented ("absorbed") have hit record highs. Maybe we do really have a shortage of housing and apartments in places people want to live still.... ? (Hint: We've had decades of underbuilding, zoning constraints, and more that makes building hard and expensive in many parts of the country PLUS a record number of folks leaving the trades and a lack of new folks coming up the ladder). 5-6% Vacancy in a large apartment community is LOW and happens normally through the course of regular move outs, renovations and repairs of the units (keeping them off the market for a few weeks or a month), etc. If it is less than this it is an extremely tight renters market. More than this, and there is some wiggle room and likelihood of rent concessions or a slow down in rent increases. With interest rates in the 8-14% for new construction, the number of new apartment starts has dropped by about 50% and there is a lot of land and projects idling now which will just tighten things back up next year... ...and so the cycle repeats. Now is still a good time to invest in residential real estate and multifamily. Yes, there is some distress for those caught earlier in the cycle of interest rate hikes and will need to sell and/or take a reduction. However, that also translates to buying opportunity for groups like us and others now. The prices may fluctuate based on the total picture of the lending and renting economy, but the underlying value and stability in apartment communities remains. Source: Realpage May 2024 Data Update (https://lnkd.in/eK6RiAQy) --- My name is Dave Weinstock and I’m the principal and founder of DW Capital. We help working professionals create passive income and build wealth by investing in commercial real estate. Click the “🔔” to follow me for information on real estate and passive investing.

So..... There were a record number of new multifamily developments going on last few years and there are some markets where a lot of new apartments ("supply") was going to hit and we expected occupancy rates to fall. Here's the funny thing, they barely moved, and there are reports in many markets where the # of these new units that are rented ("absorbed") have hit record highs. Maybe we do really have a shortage of housing and apartments in places people want to live still.... ? (Hint: We've had decades of underbuilding, zoning constraints, and more that makes building hard and expensive in many parts of the country PLUS a record number of folks leaving the trades and a lack of new folks coming up the ladder). 5-6% Vacancy in a large apartment community is LOW and happens normally through the course of regular move outs, renovations and repairs of the units (keeping them off the market for a few weeks or a month), etc. If it is less than this it is an extremely tight renters market. More than this, and there is some wiggle room and likelihood of rent concessions or a slow down in rent increases. With interest rates in the 8-14% for new construction, the number of new apartment starts has dropped by about 50% and there is a lot of land and projects idling now which will just tighten things back up next year... ...and so the cycle repeats. Now is still a good time to invest in residential real estate and multifamily. Yes, there is some distress for those caught earlier in the cycle of interest rate hikes and will need to sell and/or take a reduction. However, that also translates to buying opportunity for groups like us and others now. The prices may fluctuate based on the total picture of the lending and renting economy, but the underlying value and stability in apartment communities remains. Source: Realpage May 2024 Data Update (https://lnkd.in/eSxJUTvA) --- My name is Dave Weinstock and I’m the principal and founder of DW Capital. We help working professionals create passive income and build wealth by investing in commercial real estate. Click the “🔔” to follow me for information on real estate and passive investing.

Despite the potential for muted rent growth in 2024, the multifamily sector is expected to maintain its strength. The demand for housing surpasses supply, offering resilience. #RealEstateForecast #HousingDemand #MarketBalance #MultifamilyPerformance

Build to Rent is still a growing commodity in many communities we work with but we are seeing some signs of distress in others. One community in particular has started selling some of the houses intended for rent to actual buyers versus their investors due to the investors not flocking to purchase their newly built homes. This begs the question- “how does one feel about being the only homeowner in a sea of rentals?” And if there is 1 homeowner out of every 15 rentals, what does that do to the appreciation of that home investment?

📊🏡 Despite the potential for muted rent growth in 2024, the multifamily sector is expected to maintain its strength. 🚀 The demand for housing surpasses supply, offering resilience. ⚖️ #RealEstateForecast #HousingDemand #MarketBalance #MultifamilyPerformance