Herb Strather - Commercial Real Estate

Wednesday, March 9, 2011

Michigan Apartment Investing

To register for the upcoming March 26 class call us at 313-444-9691
or register online at http://www.herbscommercialquickstart.com/

Thursday, February 17, 2011

Monday, February 14, 2011

Herb Strather's 60th Birthday

Come Say Happy Birthday To Herb Strather!

Join me (L.J. Reynolds) and other Motor City artists as we celebrate Herb's 60th Birthday and
the launch of our new music label Motor City Hits!

Food, Family, Friends, Music, Dancing, Gaming, Singing, Drinking....A night to remember!

Attire: Black Tie, Gym Shoes

In lieu of gifts, if possible please bring a donation for the Optimist Youth Foundation.

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When: Friday, February 18 from 08:00 PM to Saturday, February 19 at 02:00 AM

Where: St. Regis Hotel3071 West Grand Boulevard Detroit, MI 48202
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Visit http://www.herbsdeal.com for a FREE Report!

See Me on these Other Sites:

http://herbertstrather.blogspot.com/
http://detroitmultifamily.blogspot.com/
http://apartmentinvestingdetroit.blogspot.com/
http://apartmentinvestingmi.blogspot.com/
http://miapartmentinvestingcourse.blogspot.com/
http://apartmentinvestingcourse.blogspot.com/
http://apartmentinvestingmichigan.blogspot.com/
http://realestatetrainingmi.blogspot.com/
http://realestateinvestingmentor.blogspot.com/
http://multifamilyinvestingmi.blogspot.com/
http://detroitmultifamilyinvesting.blogspot.com/
http://investincommercialrealestatedetr.blogspot.com/
http://commercialrealestateinvestingdetroit.blogspot.com/

Wednesday, February 9, 2011

Commercial Real Estate Event - Live Streaming Video

Join us on Saturday February 12, 2011 for the Commercial Quick Start Event.

Herb Strather will be live explaining the benefits of Commercial Real Estate Investing
from 9 AM to 3 PM.

FIRST TIME EVER!!
This Event is going to be streamed live via Internet

Reserve your seat now: http://bit.ly/i0gXr3

Agenda

1. Why Commercial

2. Types of Commercial

3. Finding Deals(Blitzing)

4. Building Your Team

5. Building Your Balance sheet

6. Underwriting the Deal

7. Closing

8. Property Management

9. Exit Strategies

Friday, February 4, 2011

Tuesday Night Webinar

Tuesday, February 8, 2011 8:30 PM - 9:00 PM EST

https://www3.gotomeeting.com/register/191422150

In order to get the word out about my Commercial Quickstart Event that's taking place Saturday, February 12th, I'm doing a short webinar about my new special report: THE 8 THINGS YOU MUST DO TO GET READY FOR THE UPSWING. In this webinar I'm going to share with you 8 VERY IMPORTANT things that I want you to do, so that when real estate market pick up your not kicking yourself for missing the boat.

https://www3.gotomeeting.com/register/191422150

Monday, January 31, 2011

6 Tips to Maximize the Value of your Apartment Investment

One thing I like most about apartment investing is that it gives any investor
the ability to have a solid cash flow via multiplied profits. Additionally, I
want to find a way to increase those returns and ultimately, increase the
overall value of the commercial property. How can I do that? Using the concept
of forced appreciation, investors can make low- to no- cost changes and
receive huge returns. Here are a few key ideas to maximize the value of your
multi family real estate investment.

Raising the Rents for your Apartment Tenants

Many apartments aren't being rented at market value. In fact, what you'll find
is that many apartment complexes (especially those managed by the owners
themselves) are rented for 10% – 20% below market value to attract and keep
tenant's long term. This is a great strategy and one that is easily executed
however, keep in mind that the leases must expire before you can raise rents.
So during the due diligence period having the lease expiration on there. For
apartment complexes, this period can be anywhere from monthly to annually.

Decreasing Operating Expenses at your Apartment Complex

Look for opportunities to decrease the operating expenses. By that, I don't
mean that you should be "cheap" and cut costs on maintenance and repairs that
need to be done to keep your apartment complex up to date. I also don't mean
that you should take on property manage responsibilities yourself. What I mean
is that there are improvements that should be made such as installing energy
efficient windows and lighting, and digital thermostats that save you money on
your utility bills. You can also find cheaper alternatives for marketing your
property; you can shop for lower insurance coverage. Decrease your operating
expenses, but don't be cheap about it, be smart about it.

Improving Tenancy Rates

While there is no one single trick to improve tenancy rates, every investor
still has to find ways to tackle this challenge. First, take a look at the
tenant base of your apartment building. This will give you a good idea of who
is attracted to renting in your apartment building. This rental information
will then help you strategize your advertising and marketing efforts to
attract qualified tenants that are looking for the living experience your
apartment complex offers. I would also consider going beyond traditional print
advertising methods and include social media marketing.

Changing the Tenant Base in your Multi Family Investment

Some apartment buildings have tenants who aren't the best for your complex.
These tenants often include those who make late payments, no payments, have
been evicted multiple times and those who are involved in criminal activities.
These kinds of tenants not only affect your NOI, they also won't help you
attract tenants who are the exact opposite. Start to get rid of these kinds of
tenants and focus on doing what it takes to attract your target tenant
profile. This may mean that you'll have to invest in repairs and upgrades, but
in the long run, it'll pay off big time.

Upgrading your Multi Family Investment

Contrary to popular belief, upgrading your apartment complex does not always
include having major renovation work done. While there is often, cost
involved, the financial impact can be minimal compared to the returns you'll
receive. Some low-cost upgrades could be replacing property signage, upgrading
the landscaping, and repaving the parking lot.

Adding the Extras

There are other opportunities that will not only add convenience for your
tenants, but it will improve your NOI. These amenities include things like
vending machines for items like videos, soft drinks, and laundry products. You
might also consider adding larger scale opportunities such as laundry
facilities, parking, and storage facilities. These added amenities will make
your apartment building more attractive to potential renters and help retain
current renters longer.

Forced appreciation is a powerful strategy any investor can use to gain
multiplied returns on their apartment complex investment. Among their options,
investors can do simple things such as raise revenues, decrease operating
expenses, upgrade the building, and add convenience items for sale to your
tenants. These changes are relatively easy to make and often have low or no
cost. Like any real estate investment, each commercial property is unique and
I recommend that you research your options thoroughly to determine which
changes suit your property the best.

See Me on these Other Sites:

http://herbertstrather.blogspot.com/
http://detroitmultifamily.blogspot.com/
http://apartmentinvestingdetroit.blogspot.com/
http://apartmentinvestingmi.blogspot.com/
http://miapartmentinvestingcourse.blogspot.com/
http://apartmentinvestingcourse.blogspot.com/
http://apartmentinvestingmichigan.blogspot.com/
http://realestatetrainingmi.blogspot.com/
http://realestateinvestingmentor.blogspot.com/
http://multifamilyinvestingmi.blogspot.com/
http://detroitmultifamilyinvesting.blogspot.com/
http://investincommercialrealestatedetr.blogspot.com/
http://commercialrealestateinvestingdetroit.blogspot.com/

Let's Get Social:

http://www.facebook.com/herbstrather
http:/www.linkedin.com/in/herbstrather
http://www.youtube.com/herbstrather

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Friday, January 28, 2011

See Herb Strather Answer FAQs on Commercial Real Estate Investing

Visit http://www.herbsdeal.com For FREE Report

Visit http://www.herbsdeal.com For Free Report