Chris Kennedy here with Mayfair Real Estate–I’m going to walk you through some things that you can do to ensure a successful sale once you’ve decided that you’re going to sell a property as well as tactics you can use to make sure that when you do decide to sell that property, you’re getting the maximum value for it and you’re ensuring that whoever is telling you they’re going to purchase that property id actually going to close and maximize the chances that that offer will close.
So this is something that a lot of owners fear, especially if you have owned an apartment building for a good number of years, and you realize that your tenants are paying under market rent. Now, there are a couple of reasons that the rent might be too low. Number one might simply be that the condition of the apartments is less good than newer competing apartments for rent. So your prices are lower because your apartments don’t offer the same quality of finishes, the same amenities, et cetera, as a competitor.
In this video, I’m going to show you five things that you can do to maximize the value of your multi-family apartment building before you put it on the market.
If you’re an investor looking to pick up multifamily apartment buildings in our market here in Fort Lauderdale, Broward County, Florida, then you probably are going to work with some sort of broker or agent to help you buy the property and it’s important that you make the right choice. There are a lot of options out there. In this quick summary, I’m going to give you a few reasons that you might consider working with me and my team.
Christopher Kennedy, the principal Broker and Founder of Mayfair Property Management and Mayfair Real Estate has been in the market helping investors to buy and sell multi-family apartment buildings in South Florida for the past 12 years and on this video, he explains the ways Mayfair can help you sell your multifamily property for the top price.
Chris Kennedy jumped into the real estate business in 2012 while running his other business full-time which helped him pay the bills and he will share with you his single biggest struggle or obstacle faced in his real estate career and how he overcame it.
In this video, Christopher Kennedy, our principal Real Estate Broker shows that sometimes it’s much better to reinvest in property that you already own, rather than going out and looking for a new property to purchase.
In this second part, Chris will give you a lot of very important information if maybe you own a couple of properties and you’re looking to grow your portfolio, get into a bigger property, more units. So, this is how things could be seen on the big picture level using return of equity.
In this video, you will be able to identify the reasons why it’s not always the smart investment to put your money into a building that you own and crank up the rents.
In this first video, our principal Real Estate Broker, Chris Kennedy will show you about a measure of investment performance that a lot of investors completely overlook, or just do not put enough importance on. And that is called return on equity.