Apartment Buildings (1/2)

Apartment buildings will always be necessary in the housing market. Many people either cannot afford to buy a home or just don’t want to be a homeowner. In addition, as people are transferred due to the military or for job opportunities, the need for apartment buildings will continue to grow. In Cherif Medawar’s new DVD series, he discusses the importance of apartment buildings not only in today’s economy but for the future as well.

Cheaper to Acquire and Manage

Apartment buildings are often cheaper to acquire than other commercial real estate and are often easier to maintain. Tenants can sign long-term leases or month-to-month leases and you will still earn a steady income from them. By hiring a good management company, you may not even have to deal with the tenants as they will arrange maintenance for the tenants, collect rents, interview potential tenants and handle the leases for you. In Cherif’s real estate courses, he teaches you how to find the right management company so you can collect the steady income stream from the apartment building.

Lower Owner Costs

It is easier to negotiate lower prices with vendors for an apartment building than a single-family dwelling as well. Fixtures, appliances, and HVAC equipment are all items that eventually need to be replaced and purchasing multiple units often can result in reduced cost to the owner. In addition, by sticking to a similar color schemes in apartment buildings, there is less downtime getting units ready between tenants.

Economy Has Less of an Effect

During the recent housing crisis, apartment buildings continued to thrive when home sales were dropping. The reason for that may be that rents tend to be lower than mortgage payments, making them more affordable in an economic downturn. In Charif’s real estate training, he teaches you how to use the economy to promote your apartment buildings and continue receiving your residual income.

Apartment buildings are another way to invest in commercial real estate that can help you build wealth and develop a steady income stream that could make you financially independent. By using Charif’s methods, you will learn the best strategies and tips there are for investing in apartment buildings. For more information on Charif Medawar’s real estate courses, visit CMREI