Before diving into tips for enhancing Net Operating Income (NOI) on your multifamily property, it’s crucial to understand what NOI is and how it’s calculated. What is NOI? Net Operating Income (NOI) is a fundamental financial metric used in real estate to assess the profitability of an income-generating property. It represents the property’s income after […]
When it comes to real estate investment, two prominent strategies that often come into play are multifamily investing and fix and flip. Both avenues offer unique opportunities for investors to maximize their returns, but they also come with distinct approaches and considerations. In this comprehensive guide, we’ll delve deep into the world of real estate […]
Vacancy loss in the context of multifamily apartment buildings refers to the income that is lost due to units being unoccupied or vacant. It’s a critical factor for property owners and managers to consider when evaluating the financial performance of their rental property. Calculating vacancy loss involves determining the potential rental income that could have […]
“Loss to Lease” is a term used in the context of multifamily real estate, particularly in property management and investment analysis. It refers to the difference between the potential rental income that a property could generate and the actual rental income it currently receives. In other words, it’s the amount of income that a property […]
Understanding how to calculate capital gains when selling a rental property is essential for effective financial planning. The initial step in this computation involves subtracting the property’s adjusted basis at the sale time from the total sales price, including incurred expenses like legal fees and commissions. This calculation yields the capital gain from the sale. […]
Improving the resident experience in apartment complexes is essential for attracting and retaining tenants, fostering a sense of community, and maintaining a positive reputation. Happy residents are more likely to renew their leases and recommend the property to others. Here are some effective strategies to enhance the resident experience: Responsive Property Management Ensure a responsive […]
The Gross Rent Multiplier (GRM) is another important financial metric used in real estate, including multifamily properties.
As a multifamily real estate investor, it’s essential to comprehend various financial metrics that can help you make informed decisions about your investments. Two key metrics, Internal Rate of Return (IRR) and Average Annual Return (AAR), play crucial roles in evaluating the profitability and performance of investment opportunities. In this article, we will explore the […]
Rules of thumb can be defined as a guideline that provides simplified advice regarding a particular subject. It’s important for beginner investors to learn…
A syndication is simply a partnership between a group of investors pooling their resources into a…
Leverage The Power of Compounding To Scale-Up Your Apartment Portfolio We bought our first 25-unit property for around US$600,000, in 2013. In 3 years, we made
By Jake Stenziano We recently sold a property in Louisville, KY. This is rare for us since we like to hold our assets for
The following is adapted from Creative Cash by Bill Ham. Know the way out… before you get in! This is a key strategy with creative and…
We have all been told that goal setting is one of the keys to leading a successful and fulfilling life. Unfortunately, only approximately 5%…
Fifteen Ways To Increase Revenue The way to increase the value of a multifamily property is to either increase the income or decrease the…
As I was rereading Napoleon Hill’s “Think and Grow Rich”, I came across a fantastic method of training your mind to acquire money. The…
When Jake and I bought our first apartment, our investing strategy was solely focused on buy and hold forever. We were still new investors…
How To Perform Jake & Gino’s Three-Step Due Diligence On A Multifamily Property Any experienced investor will tell you how significant it is to…
The majority of investors are hard wired to focus on the short-term benefits and returns of an investment, while not appreciating or understanding the…
When Jake & I decided to join forces and create the Jake & Gino community back in 2014, I was still working at my…
In this article, we will identify the top five risks associated with not utilizing a mentor or education platform. We have learned through our…
With the COVID-19 pandemic impacting every facet of our livelihood, here at Rand Partners we felt it was important to take a step back…
When I look back at the outbreak of the corona virus pandemic, I see a few similarities to a hurricane that is preparing to…
When I first started investing in real estate back in 2015, I went the single family house route. I saved up the down payment,…
How To Renovate An Apartment To Maximize Your Return On Investment: Pictures & Audio Included! In December of 2017, we purchased a…
At Jake & Gino, we have created a proprietary three-step framework on how to invest in multifamily: Buy Right, Manage Right, & Finance Right.…
Customer service is often overlooked in the mom and pop business, and my restaurant in New York was no exception. If I had read…
64 Unit Case Study: “Twin Oaks” In this article, I have teamed up with Jake & Gino team member and laundry expert…
As investors and educators, Jake & I fall into the trap of thinking that we know what our member’s pain points are. The only…
Welcome to the ultimate podcaster’s roadmap on how to buy your first multifamily property. In this article, we have compiled podcasts, You Tube videos, and…
Rules of Thumb, Part 2. In our previous article, we focused on unit mix and the importance of choosing an apartment complex with the…
To manage or not to manage, that is one of the most difficult questions for a beginning investor to answer. On the one hand,…
Napoleon Hill, the author of Think And Grow Rich, created a framework of success that the reader could follow by establishing his thirteen steps…
There are countless reasons for individuals to begin investing in real estate. The most common reason that I hear from my students is they…
The art of raising rents is a difficult one to master for newbie investors. The fear of creating a vacancy or offending a tenant…
The way to increase the value of a multifamily property is to either increase the income or decrease the expenses, which will affect the…
In the previous article, Jake and I discussed incompetent team members and signing an exclusive with a broker. In this article, we are going…
Entrepreneurs will tell you that they learn more from their mistakes than their successes. My definition of an entrepreneur is a person who has…
In the previous article, we began to highlight mistakes that Jake and I committed as we embarked on our investment career. We obviously have…
In the first ARTICLE, I laid out the seven steps to achieving success in real estate. I expanded upon the first two steps, and…
Starting a new venture can be one of the most daunting tasks, especially an undertaking that involves money and risk. If you begin a…
And How You Can Avoid Them One of the major foundation principles that I learned while attending IPEC (Institute for Professional Excellence in Coaching)…
How Landlords Can Create a Win-Win for Tenants and Employees One of the best ways to retain quality tenants in your apartments is to…
The number one goal when investing in multifamily real estate and to explode your wealth is to increase the Net Operating Income (NOI). Let…
In the previous article, we discussed our strategy to improve a property, thus creating wealth and attracting and maintaining quality tenants. We strive to…
We have designed a framework at JakeandGino.com which entails three crucial steps: Buy right Manage right Finance right. To be a successful real estate…
Service Members In the first article, we discussed the importance of building a winning team to support your real estate business. We described and…
Jim Rohn famously said that we are the average of the five people we spend the most time with. Guess what? Your business is no different. If…
We hope you have enjoyed our previous articles on committing mistakes while investing in real estate. We want to conclude with two mistakes that…
As I was rereading Napoleon Hill’s “Think and Grow Rich”, I came across a fantastic method of training your mind to acquire money. The…
Now that you’ve purchased your property correctly, its time to reposition it for big bucks. Learn our three step framework on how to turn…
There are dozens of formulas that real estate investors use every day to analyze their deals, such as cash on cash return, or cap…
In the previous article, we introduced the seven steps to goal setting. We discussed the first three steps: Decide what your goals / objectives…
I have attributed the transformation and growth in my life the past few years to attending and becoming a Certified Professional Coach. The education…
Rules of Thumb #8 Analyzing Vacancy Loss and How to Hold Real Estate In this article, we would like to discuss what type of…