“Stop being afraid of what could go wrong and start being excited of what can go right.” – Anthony Robbins

I have had many investors over the years, tell me about the unbelievable deals they were offered but did not move forward on. They will tell you of the great price they were offered for a property they owned, but they decided to wait for something higher. Since none of us know what the future holds, missed opportunities abound. How can you avoid being one of those cases?

KNOW THE MARKET You should understand the real estate in general. Although it is very important to know what is going on in your area that could affect your present and future multifamily investments, what about the financial markets? Upcoming laws such as new rent control ordinances or habitability requirements that may be new. Is now a great time to sell and exchange into another location? Is it a good time to move your money into another type of real estate investment such as a triple net leased property or a small strip center?

KNOW YOUR TENANT BASE Are you upgrading your tenants or are you renting to people you wouldn’t have taken a year ago or two? Have you become more flexible regarding credit and background checks? Is your building in the same condition as it was when you purchased it? These may be indicators that it is time to move on to another investment. If you were a potential tenant looking for a unit such as the ones you currently own, would you rent the unit?

WHAT ARE YOUR ALTERNATIVES? Is it time to exchange into a different kind of property or maybe a similar one in a different area, or maybe it’s time to move your investment to a different state with less restrictions. If you keep your eyes open, you will come up with the right answer for you. It may not be the right answer for others, but the right move -larger or smaller, same area or different, same type of property or different, can make a huge difference in your net future worth,

What we at PRS PROPERTIES CAN DO. We can discuss with you trends that we are aware of and changes that may be coming up in the area of your building. We can also look at your building for other changes that might allow you to get a higher value in order to create value without huge expenses for your building. We can help you to get the maximum value for your property, should you decide to sell, or the maximum return if you are planning to keep your building.

We always have many investors who are looking for “as-is” properties and are willing to purchase with low rents, a moratorium or even with a problem tenant in place. We have put together numerous transactions over the years which involve properties that are not listed for sale. Many investors are in 1031 exchanges and need to identify a replacement property before their 45 day identification period runs out.

Should you decide to put your property on the market, we will put together an aggressive, targeted and professional campaign to get your property sold fast. We have been doing this for over 40 years, and we will use all the tools available to bring you the most dollars at closing. If you are thinking of selling or are just curious about the value of your property, don’t hesitate to give us a call.