Texan power duo in multi-family real estate, Jacob and Arleen Garza, discuss the benefits of investing in multifamily properties, including tax advantages and tenant care. They emphasize the importance of prompt and efficient maintenance and repairs for tenant satisfaction. They also encourage listeners to educate themselves on multifamily investing and choose a reliable investment group. Property management services are highlighted as a way to simplify the investment process. Surrounding oneself with positive influences is emphasized as key to success in real estate.
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Quick takeaways
Investing in multifamily properties allows owners to benefit from depreciation and prioritize tenant care.
Demand for multifamily properties is driven by various factors including population growth and changing demographics.
Deep dives
Why Multifamily Real Estate is a Prime Choice for Generating Steady Cash Flow
Multifamily real estate offers steady cash flow due to multiple rental units providing cumulative income. Compared to single-family homes, multifamily provides economies of scale, lower operational costs, and stable demand. Rent appreciation and the potential for increased property value are additional benefits. Multifamily properties have also demonstrated resilience during economic downturns, which ensures a consistent stream of cash flow.
Factors Contributing to Increased Demand for Multifamily Properties
Increased demand for multifamily properties is driven by various factors, including population growth, high job growth, and urban amenities. Job opportunities, cultural attractions, and convenient locations attract tenants. Additionally, changing demographics, such as smaller households and young professionals delaying home ownership, contribute to increased demand for rental housing.
Simplifying the Investment Process with Property Management Services
Professional property management services simplify the multifamily investment process, allowing investors to be truly passive. These services handle tenant acquisition and screening, lease administration, rent collection, expense management, maintenance and repairs, tenant relations, and legal compliance. They also contribute to improving housing quality, providing amenities, fostering tenant engagement, and building better communities.
Jacob and Arleen Garza are a Texan power duo in multi-family real estate, distinguishing themselves with a people-centric focus. They founded REEP, managing 22 properties valued at $690 million with an in-house management approach, prioritizing tenant care.
Top 3 Value Bombs
1. One of the main ways that we benefit from investing in multifamily is depreciation. As owners and investors, we can take advantage of a property depreciating. Everything except the land is depreciating.
2. There's a number one reason people will leave a property and that if they're not getting good service. Be prompt and efficient in maintenance and repairs. Make sure that service levels are the highest and best that they can be.
3. Take action. Educate yourself on multifamily investing. Check out the group that you invest with because they're the ones that are going to be making sure that your money is successful.
Your Path to Passive Income. Reach out to Arleen by visiting Reep Equity website - Reep Equity
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