Robert Käll

NAHB predicts a significant pullback in multifamily starts for 2024. Are we surprised? Multifamily Developer Confidence is in Negative Territory. In the fourth quarter of 2023, multifamily developer confidence remained in negative territory, as revealed by the Multifamily Market Survey (MMS) conducted by the National Association of Home Builders (NAHB). The survey produces two key indices: the Multifamily Production Index (MPI) and the Multifamily Occupancy Index (MOI). The MPI, which gauges sentiment about current production conditions in the apartment and condo market, scored 41, below the break-even point of 50. Meanwhile, the MOI, measuring the industry’s perception of occupancies in existing apartments, registered 77. Tight lending standards and high development loan costs continue to hinder financing for new multifamily projects. Given the substantial supply of multifamily units under construction, NAHB predicts a significant pullback in multifamily starts for 2024 #realestatedevelopment #realestateinvesting #passiveincome #multifamily #realestate #multifamilyinvesting #multifamilyrealestate #firsttimedeveloper #raisemasters30 #cre #financialfreedom

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📅 Discover how Calendly simplifies scheduling for real estate agents with @ShoreAgents! Effortlessly schedule property showings, client meetings, and virtual tours. Click to learn more and transform your productivity 💼: [https://lnkd.in/g6AvAztM] Don't forget to share, like, and comment! 🏡✨ #realestatevirtualassistant #realestateoutsourcing #RealEstate #Productivity #ShoreAgents #SchedulingSolutions #RealEstateSuccess

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Ever wonder how to truly optimize your multifamily investments? Join us for an exclusive glimpse into our latest podcast episode featuring Andy McQuade. Discover the game-changing TCO Method that’s shifting investment strategies from initial costs to the lowest Total Cost of Ownership. Imagine boosting your annual Net Operating Income by $6.2M and adding $98M in asset value. That’s what Andy’s clients have achieved—and now you can too. #InvestSmart #WealthBuilding #AlternativeInvestments #JKAMInvestments #MultifamilySuccess

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What's in store for #Multifamily for the rest of 2024? Download the Yardi Matrix mid-year outlook for expert insights into rent growth, occupancy, and absorption. Grab your free copy: https://lnkd.in/duYcGpkb #MultifamilyRealEstate #HousingMarket #HousingMarketData #HousingMarketUpdates #RealEstate #RealEstateData #RealEstateMarketUpdate #RealEstateReport #RealEstateExperts

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📈 Struggling with low lead-to-lease conversions at your apartment community? Application denial rates could be the culprit! Our latest blog dives into strategies to boost lead conversions by addressing denial factors like credit scores, income requirements, and more. You'll learn tips to: ✨ Refine tenant screening processes ✨ Optimize your online presence ✨ Improve prospect communication ✨ Offer flexible lease options ✨ Monitor key conversion metrics Maximizing lead conversions is crucial for driving occupancy and revenue. Check out our Smart Blog to read the full article and start converting more rental leads into signed leases! ⬇️ https://bit.ly/3xkA5MN . . . . . #multifamilymarketing #leadtolease #leadconversion #applicationdenials #tenantscreening #apartmentprospects #flexibleleasing #leasingstrategies #occupancyrates #revenuegrowth #propertymanagement #smartapartmentmarketing #smartleasing #rentalhousing #multifamilysuccess #apartmentblog #aptbloggers #rentalmarketingtips #leadconversiontips #multifamilyleads #residentacquisition

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📈 "Business Performance Optimization – Maintaining Financial Stewardship throughout the Growth Curve" Check out this 5-min clip from the Multifamily Maestros (Randy Langenderfer & Tony Castronovo)! Here is what we cover: •Gross Margin Focus: Measure efficiency & effectiveness and dial in on job/deal selection criteria •Net Margin Focus: Control Operating Expenses without “cutting into bone” •Cashflow Management: Understand your runway, pacing, and decision levers •Cash vs Debt: Opportunity Cost / Cost of Capital •Investors (Debt/Equity): Deal-based and Funds Visit the Multifamily Maestros website to catch the full episode (What I Wish I Knew Before I Quit My Job: Secrets of Multifamily Entrepreneurs). Link in the comments below. 👇

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Listings Growth Outpacing Revenue: True 😩 Average Revenue Decline: True ⬇️ Average ADR Decline: True 🫣 Average Occupancy Decline: True 🌋 This is not spelling good news for the Big Bear, CA STR market... However, with rising YoY revenue, this market could be making a comeback! 😎 Full analysis: https://lnkd.in/g54FUkQd #LearnQuick #MarketReport #AirbnbData

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Tom Cunningham of CMAsnap joins us on the Doorify Real Estate Podcast with a demo of CMAsnap's streamlining capabilities. 🚀 Don't let listing process struggles or a lengthy appraisal slow you down, listen in for insights on how to optimize it all! 🎙️ Watch the full episode here: https://lnkd.in/esks_fir

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Unlock the power of payment insights with Domuso! Learn why understanding resident payment behaviors is crucial for multifamily operators in enhancing satisfaction and improving operational efficiency. From streamlining processes to identifying cost-saving opportunities, Domuso's platform offers valuable data-driven solutions. Discover how payment insights can transform your multifamily management approach today! https://hubs.la/Q02vGZSv0 #PaymentInsights #OperationalEfficiency #MultifamilyManagement

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Empress Homes: You're not comparing apples to apples." 🍎 Prospective Client: What do you mean? EH: Well, look at the bid proposals. What do you notice? PC: Builder A has a Contingency $ in place but no builder fee. PC: Builder B has a Builder Fee in place but no contingency plan. Oh.... I see now. I'm not comparing apples to apples. Why is there so much variance? EH: Well - why is there a variance at a restaurant? Do you expect a superior experience predicated on the price you pay? Do you expect La Caille restaurant to be a different experience than Little Ceasar's? P.C: I get it. Who can I trust? Who can I depend on? Who do I want to work with? EH: Now you're getting somewhere! P.C. - We didn't talk about price. Builder A is charging 18%, Builder B is charging 15% - why is Builder A showing a bid sheet that is less than Builder B? EH: Great question! Be thoughtful in your analysis. Don't succumb to high pressure sales tactics either. This is your home... and this experience is going to last 18-24 months. You're really becoming business partners with your builder. PC: How much do YOU charge? ....... Aah yes. That IS the question. 💯 If you have engineered plans and you have a home design ready to roll, we would be happy to bid out your project. Let's go build you something special!

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MaverickRE uses AI to help train and analyze the performance of real estate sales professionals https://lnkd.in/eGV85KNd #CRE #CREtech #AI #technology #sales #agents #brokerage

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𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗳𝘂𝘁𝘂𝗿𝗲? 🌟 Our latest blog post, "𝗔𝘀𝘀𝗲𝘀𝘀𝗶𝗻𝗴 𝗥𝗲𝗻𝘁𝗮𝗹 𝗗𝗲𝗺𝗮𝗻𝗱: 𝗔 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝗠𝗮𝗸𝗶𝗻𝗴 𝗜𝗻𝗳𝗼𝗿𝗺𝗲𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀," is your key to making smart real estate investments. Learn how to evaluate rental demand and make decisions that align with your financial goals. Whether you're a first-time investor or a seasoned pro, BricksFolios is here to empower you with data-driven insights and unparalleled support. Achieve financial freedom and the lifestyle you dream of with strategic property investments. Dive into our guide and start your journey today! 🚀🏡 Link in comments below. #BricksFolios #LiveYourDreams #RentalIncome #InvestmentProperty #RealEstate #RealEstateInvestment #RealEstateInvesting #PropertyInvestment #Property #RealEstatePortfolio

Don't forget about soft skills when fine-tuning your professional portfolio! Learn how to develop and refine your soft skills, enabling you to navigate relationships, manage teams, and respond to unexpected challenges here: https://lnkd.in/ep_arGFm #Multifamily #Staffing #ApartmentJobs #Skills #ProfessionalDevelopment #PropertyManagement

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Over the years, I’ve learned that some properties aren’t worth pursuing. ➡️ Unrealistic seller expectations make negotiations frustrating and often unproductive. ➡️ High crime rates or poor location metrics damage long-term value and tenant stability. ➡️ Deferred maintenance signals hidden costs that can drain profitability. ➡️ Fuzzy financials or missing rent rolls usually point to bigger management issues. ➡️ Properties with too many tenant disputes are likely to bring more trouble than cash flow. If a property shows any of these signs, I move on. Discipline is the key to long-term success in real estate. #RealEstateRedFlags #SmartInvesting #InvestmentProperties #RealEstateTips

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🏘 At Apartmentalize 2024, experts shared how to leverage AI and marketing tools to enhance customer engagement. Key takeaways include: Building Connections - Create unique property websites to connect with prospects, as demonstrated by Weidner Apartments’ "For the Love of Cities" campaign featuring community staff and family photos. Enhancing Tours - Customizable virtual tours are crucial, with 83% of renters finding them important. Record tours during unit preparation for optimal conditions. Utilizing AI and Chatbots - AI and chatbots improve scheduling and conversion rates. Automated tools provide consistent communication and ease staff workload. Streamlining Processes - AI helps streamline leasing processes, allowing staff to focus on personal interactions and improving customer experiences. Continuous monitoring and adjustments ensure AI effectiveness. Overall, these strategies show how AI and technology can create a more personalized and efficient leasing experience. Read the full report here ➡ https://lnkd.in/gQ7jqYum #marketingtools #propertymanagement #multifamilyrealestate Multi-Housing News

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🩵 The future of multifamily is uncertain, with rent growth potentially falling short of expectations. While there are challenges, this is a time to be proactive! ⬇️ This blog explores how to navigate uncertainty and even unlock hidden profits through innovative solutions like Fetch's offsite package management. #multifamily #rentgrowth #propertymanagement #FetchPackage https://hubs.ly/Q02H77vd0

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👉 How To Choose Trustworthy Multifamily Operators One of the most critical decisions you’ll make is choosing the right operator to manage your properties—someone you can trust to protect your investment and deliver strong returns. Here's a checklist you can use to ensure you're partnering with a reliable and competent operator. ☑️ Experience and Track Record: How long has the operator been managing multifamily properties? Look for operators with a proven history of successful projects and positive references. Tip: Request to see case studies or performance reports on their past projects. ☑️ Transparency and Communication: A good operator keeps investors in the loop with regular updates. Ask about their communication practices—how often they provide financial reports, updates on occupancy rates, and plans for the property. Tip: Avoid operators who are vague or evasive when discussing financials or future plans. ☑️ Understanding of Local Markets: An operator should have in-depth knowledge of the specific market in which your property is located. This includes local laws, tenant trends, and market dynamics. Tip: Ask them about recent market trends and how they’re adapting to current conditions. ☑️ Property Management Systems: What systems and software do they use to manage properties? Modern property management tools can significantly improve efficiency, tenant relations, and financial reporting. Tip: Request a walkthrough of the systems they use for property management and tenant communication. ☑️ References and Reviews: Don’t hesitate to ask for references from past and current investors. Check reviews or testimonials from other clients to get a better sense of their reputation in the industry. Tip: Look for red flags like complaints about hidden fees, mismanagement, or lack of communication. ☑️ Fee Structure: Understand how operators are compensated. Are their fees aligned with investor success, or are they charging fees that could hurt your returns? Make sure their incentives are aligned with yours. Tip: Watch out for operators who earn large upfront fees without being accountable for ongoing performance. Choosing the right operator is key to your success, so be sure to save this email and refer back to this checklist when evaluating potential partners. www.MiraiTeams.com

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