Rental Housing Journal Colorado
September 2016 - Vol. 8 Issue 9
2. Budgets; Don't Just Update That Spreadsheet 3. Dear Maintenance Men - Do's, Dont's, Doors and Droughts
6. The Scoop On How Pet DNA Testing Fixes Your Apartment Poop Problem
www.rentalhousingjournal.com • Professional Publishing, Inc
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Monthly Circulation To More Than 7,000 Apartment Owners, Property Managers, On-Site & Maintenance Personnel
The Risks and Rewards Of Owning NNN Investments
By Cliff Hockley, President, Bluestone & Hockley Real Estate Services
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s real estate investors retire, many choose to reposition their assets out of management-intensive investments (such as apartments, office buildings, storage, and mobile home parks) and into lower maintenance single-tenant NNN investments. As a result of the aging Baby Boomer Generation, there is a growing appetite for NNN investments, and many retail businesses are taking advantage of this demand to expand their national footprint. Businesses such as fast food restaurant franchises (Chick-Fil-A), mobile carrier storefronts (T Mobile), convenience stores (7 Eleven), pharmacy chains (Walgreens), and numerous banks are using this financial energy to help fund their growth. More stores mean better distribution, more sales,
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Budgets; Don’t Just Update That Spreadsheet
h, September… my favorite time of year –warm days, cool nights, back to school, turning leaves – and all that ruined with the prospect of dealing with budgets! With the crazy schedules that fall brings it can be awfully tempting to just increase everything by the obligatory 2 to 3% and call it a day, especially if you are budgeting for multiple properties. Yet, I’ve learned the hard way that accuracy and usefulness can plummet after a couple of years of that budgeting method. The first thing to determine is what you are specifically budgeting for. Is this budget being used for only your continued on page 5
The VIP Tour of How to Easily Set the Perfect Marketing Budget & Strategy for Your Apartment Complex
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ongratulations, you are the marketing manager of the best portfolio or property manager of the best community in town, or it’s not. You have new construction in lease-up, or you have an older community that wants to stay on top. Even if you are the world’s best property manager you still may have no clue how you’re going to get your units toured by hot, qualified prospective renters that are ready to lease a unit from you today. And, no matter how cool your communities are, if people don’t know about them at the precise moment they are looking to lease, you will never hit your occupancy goals. Getting units leased is what apart-
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