Insight
How Do We Manage Our Midwest Multifamily Investments?
Many people believe that there is some “secret sauce” involved in successful multifamily property management. We’ve been investing in & managing heartland multifamily housing since 2006, and we can tell you with certainty that there is no secret sauce in the mix. Instead, successful property management revolves around the ability to pay close attention to…
The Biggest Mistake I Made (Twice!) on My Best Midwest Investments
Forget the Mistake, Not the Lesson One defining characteristic of Midwest multifamily housing stock is its age. The long decline in manufacturing employment that began in the 1970s resulted in almost no new multifamily housing construction for nearly 30 years. This means that Midwest multifamily housing stock is heavily skewed toward 1960 and 1970’s vintage…
Why Did I First Decide to Invest in the Midwest?
Cyclicality in San Francisco taught me a lesson I will not soon forget In 2001, I purchased a small multifamily property located in the Marina district of San Francisco. It was a classic Edwardian style building that had been in the same family for over 100 years. Translation: this property needed a lot of love….