Realtor multi family homes

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National Association of REALTORS®

NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require the member's nar.realtor login.


multifamily properties: 10 tips for landlords

The Basics

With Evictions Looming, Cities Revisit a Housing Experiment from the ‘70s (The New York Times, Oct. 1, )

What’s Driving Multifamily Real Estate During the Pandemic? (D Magazine, Sep. 17, )

Road to Recovery? Confidentiality Agreements for Industrial, Multifamily Properties Bounces Back (Globe St., Aug. 20, )

Assistance Programs are Keeping the Multifamily Market Mostly Intact – For Now (Long Beach Business Journal, Aug. 13, )

Fannie Mae Announces New Measures to Support Residential Tenants in Enterprise-Financed Multi-Family Housing (PR Newswire, Aug. 6, )

Apartment Industry & Its Residents Contribute $ Trillion to the National Economy (National Multifamily Housing Council, Sep. 10, )

Multifamily Housing (United States Department of Housing and Urban Development)

Multifamily Housing Law and Legal Definition (USLegal)

Trends

How Multifamily Owners and Operators Are Seizing the Day (Globe St., Sep. 23, )

Brilliant Announces New Platform to Bring Its Award-Winning Smart Home Experience to Multifamily Properties (PR Newswire, Jul. 28, ) E

How New Executive Orders Will Affect Multifamily Property Owners (Forbes, Sep. 15, )

Finance Rates for Small Multifamily Real Estate Find Stability (Globe St., Sep. 08, )

Multifamily Property Values Outperform Since Covid (Yield Pro, Sep. 03, )

Urban or Suburban? After Coronavirus, Suburban Multifamily Properties May Have the Edge (Bis Now, Jul. 3, )

The Pandemic Will Force Smart Multifamily Properties to Have a Conversation about Data Privacy (Forbes, Jun. 9, )

Next Generation of Renters Won't Be Easy to Satisfy — They Want Lower Costs, And Better Amenities (Bisnow, Oct. 9, )

Apartments: The Low-Impact Green Investment (Commercial Property Executive, Oct. 2, )

Investing in Multifamily Property

Investors’ Guide to Multifamily Real Estate Syndications (Forbes, Sep. 24, )

It’s Still a Good Time to Invest in Apartments (Yield Pro, Sep. 23, )

Multifamily’s Resilience is Attracting Investors (BisNow, Sep. 16, )

How Coronavirus is Impacting Multifamily Investments and the Transaction Process (PR Newswire, May 14, ) E

How to Create Generational Wealth with Apartment Syndication (Forbes, Apr. 27, )

Coronavirus Fuels Indecision in Multifamily Investors (National Real Estate Investor, Mar. 17, )

Five Questions to Ask About Owning Multifamily Real Estate for Cash Flow (Forbes, Oct. 10, )

Making the Case for Affordable Housing Investment (Multi-Housing News, Jun. 3, )

Property Management

Hines Launches Apartment Property Management Venture (Globe St., Oct. 13, )

Property Management in the Pandemic: Seven Ways to Prove Customer Experience with Technology (Forbes, Oct. 12, )

Coronavirus Guidance for Property Managers (National Apartment Association, Mar. 27, )

FHFA Moves to Provide Eviction Suspension for Renters in Multifamily Properties (Federal Housing Finance Agency, Mar. 23, )

Apartment Dwellers Still Crave Sustainability (RE Journals, May 28, )

Going Above and Beyond in Property Management (Forbes, May 10, )

Useful Websites

Marketing and Leasing: Multifamily Properties (NAR.realtor) — NAR’s education matrix

Multi-Housing News — Provides current news and statistics about the multi-housing industry

National Apartment Association — A trade association for the apartment housing industry

National Association of Residential Property Managers® — A trade association for residential property managers

National Multi Housing Council — Provides a forum for insight, advocacy and action for members and the community

Property Manager — Sells property management software, and shares perspectives and best practices to help manage your property management business

Multifamily Biz — Provides current news about sales, construction and the multifamily industry

Books, eBooks & Other Resources

eBooks.realtor.org

The following eBooks and digital audiobooks are available to NAR members:

The Complete Guide to Buying and Selling Apartment Buildings (Kindle, eBook)

The Complete Guide to Real Estate Finance for Investment Properties: How to Analyze and Single-Family, Multifamily, or Commercial Property (Kindle, eBook)

Complete Landlord and Property Managers Legal Survival Kit (eBook)

Happy About Apartment Management: 30 Years of Expert Tips and Advice on Multifamily Property Management (eBook)

Opportunities in Property Management Careers (Kindle, eBook)

Rich Dad's Advisors®: The ABC's of Property Management (eBook)

Streetwise Landlording & Property Management (Kindle, Audiobook, eBook)

What Every Landlord Needs to Know: Time and Money-Saving Solutions to Your Most Annoying Problems (Kindle, eBook)

Books, Videos, Research Reports & More

The resources below are available for loan through Member Support. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $ Call Member Support at for assistance.

Field Guide for Practical Apartment Management (Chicago, IL: Institute of Real Estate Management, ) HD .F48

Principles of Real Estate Management (Chicago, IL: Institute of Real Estate Management, ) HD In7rm

The CompleteLandlord.com Ultimate Real Estate Investing Handbook (Hoboken, NJ: Wiley, ) HD L49

Buy It, Rent It, Profit! : Make Money as a Landlord in Any Real Estate Market (New York, NY: Simon & Schuster, ) HD C39

The Complete Guide to Buying and Selling Apartment Buildings (New York, NY: John Wiley & Sons, ) HD B46

Practical Apartment Management (Chicago, IL: Institute of Real Estate Management, ) HD In7pr Ed. 5

The New No-Nonsense Landlord: Building Wealth with Rental Properties (New York, NY: McGraw-Hill, ) HD J76


Have an idea for a real estate topic? Send us your suggestions.

The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.

Sours: https://www.nar.realtor/multifamily-properties

3 Reasons to Invest in Multi-Family Real Estate

Real estate can be an alternative for those unable to withstand the volatility of the stock market. It is also a better investment for investors who wish to take an active role in growing their capital, rather than passively putting their money into a fund managed by someone else. One of the beautiful things about real estate investing is that there is more than one strategy that can be successfully used.

For example, real estate investing moguls Donald Bren and Zhang Xin both built their billion-dollar fortunes by developing various residential and commercial properties. On the other hand, Equity Residential founder Sam Zell created his wealth by slowly acquiring an income-producing portfolio of rental properties.

Other real estate investors have also made millions of dollars from house flipping or purchasing properties that are in disrepair for cents on the dollar and renovating them to later sell them to a new owner.

Key Takeaways

  • Owning rental real estate can be a smart way to diversify your investment portfolio and generate a steady income.
  • A multi-family property can multiply your income with only incremental added cost.
  • Multi-family rentals are typically easier to finance, compound returns more quickly, and tend to benefit from economies of scale.

Investing in Multi-Family Properties

Rental property investing is the preferred investment strategy for investors who want an additional source of monthly income along with a slow but steady appreciation in the value of their portfolio. When it comes to residential real estate, there are two main types of properties that one can invest in: single-family and multi-family.

As the name implies, single-family properties are residential buildings with only one available unit to rent, while multi-family properties, also commonly known as apartment complexes, are buildings with more than one rentable space. While there are fewer barriers to entry when building a portfolio of small homes, there are several advantages to investing in large residential complexes. Here are three reasons to consider investing in multi-family real estate as opposed to single-unit rental properties.

1. More Expensive, but a Lot Easier to Finance

In most cases, if not all, the cost to acquire an apartment building will be significantly higher than the cost to purchase a single-family home as an investment. A one-unit rental could cost an investor as little as $30, while the cost of a multi-family building can go well up in the millions.

At first sight, it might seem as though securing a loan for a single-family property would be a lot easier than trying to raise money for a million-dollar complex, but the truth is that a multi-family property is more likely to be approved by a bank for a loan than the average home.

That’s because multi-family real estate consistently generates a strong cash flow every month. This remains the case even if a property has a handful of vacancies or a couple of tenants who are late with their rent payments. If a tenant, for example, moves out of a single-family home, that property would become % vacant.

On the other hand, a ten-unit property with one vacancy would only be 10% unoccupied. As a result, the likelihood of a foreclosure on an apartment building is not as high as a single-family rental. All of this equates to a less risky investment for a lending institution and can also result in a more competitive interest rate for the property owner. 

2. Growing a Portfolio Takes Less Time

Multi-family real estate is also very suitable for property investors who wish to build a relatively large portfolio of rental units. Acquiring a 20 unit apartment building is a lot easier and much more time-efficient than purchasing 20 different single-family homes.

With the latter option, one would need to work back and forth with 20 different sellers, and conduct inspections on 20 houses that are each located at a different address.

Additionally, in some cases, this route would also require an investor to open 20 separate loans for each property. All of this headache could be avoided by simply purchasing one property with 20 units.

3. You're in a Position in Which Property Management Makes Financial Sense

Some real estate investors do not enjoy the actual management of their properties, and instead, hire a property management company to handle the day-to-day operations of their rentals. A property manager is typically paid a percentage of the monthly income that a property generates, and their duties might include finding and screening tenants, collecting rent payments, handling evictions, and maintaining the property.

Many investors who own one or two single-family homes do not have the luxury of contracting an external manager because it would not be a financially sound decision due to their small portfolio. The amount of money that multi-family properties produce each month gives their owners room to take advantage of property management services without the need to significantly cut into their margins.

The Bottom Line

Much like stocks, real estate investing allows for one to be successful through several different strategies. One of the most popular ways to invest in real estate is to own a collection of rental properties. Properties that only have one residential rental unit are commonly referred to as single-family properties, while apartment complexes that have multiple rental units are known as multi-family properties.

There are many advantages to owning multi-family real estate. These include access to easier and better financing opportunities, the ability to quickly grow one's rental property portfolio, and the luxury of hiring a property manager.

Sours: https://www.investopedia.com/articles/personal-finance//3-reasons-invest-multifamily-real-estate.asp
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At a national level, the multifamily asset class typically offers the most steady ROI for property investors. Even during these uncertain times for CRE investors, multifamily continues to perform well.

Multifamily assets offer plenty of advantages to investors. Therefore this class also offers plenty of advantages to brokers, service providers, lenders, insurance providers, appraisers&#;

I think you get the point.

Below, we&#;ll discuss the advantages of searching for multifamily homes off-market. Then, we will run through the best commercial and residential listings sites for finding multifamily homes for sale.

How to Find Multifamily Homes for Sale

While on-market listings are the traditional way to find property for sale, more and more deals are scoured off-market by brokers and investors.

Discover Multifamily Sellers Off-Market

Searching for sellers off-market removes the limits to your search because you&#;re not just looking at what&#;s actively for sale. Brokers can identify winnable listings before the competition has a chance to intervene.

Closing deals off-market allows you to save immensely on your investment by avoiding broker fees and competition-driven price hikes.

Identifying Multifamily Sellers on Reonomy

Reonomy allows you to quickly drill into the multifamily homes market in any U.S. neighborhood based on:

  • Multifamily home/building type
  • Building and lot size
  • Number of units
  • Sales dates and amounts
  • Loan timelines and amounts

Notably, you can discover properties that haven&#;t sold in 5, 7, 10, or more years—or any year-range of your choice. Because these properties haven&#;t sold recently, they are more likely to sell in the near future. Therefore, you can approach the owners before the property goes on the market and make a deal with the decision-makers directly.

Using Reonomy&#;s off-market search tool, you can quickly identify multifamily properties that meet your needs:

  • In the Phoenix-Mesa-Scottsdale, AZ MSA
  • With units
  • That last sold for less than $1 million
  • In an Opportunity Zone

That can all happen with just a few clicks.

Reonomy Multi family homes for sale Phoenix

The results reveal the reported owner of a property. Using this information, you can further determine LLC members, decision-makers, and their respective contact details.

Learn more about that process here.

Multifamily Properties for Sale: Commercial Listings

To search the active market for multifamily homes for sale, you can use one of many on-market listings platforms.

First up: commercial listings.

LoopNet Multifamily Properties

LoopNet is always going to be one of the first places online users end up when searching for any kind of commercial property for sale. This platform has the widest on-market coverage of U.S. commercial real estate.

According to their site, LoopNet has , listings available—many of which are multifamily properties.

LoopNet Multi family homes for sale

When searching for multifamily properties on LoopNet, you can add further filters to identify more specific property types. These filters include Garden, Low/Mid/High-Rise, Dormitory, and Manufactured Housing/Mobile Home.

In your multifamily search on LoopNet, you’ll find many apartment buildings and complexes for sale, as well as duplexes, triplexes, and more. The platform&#;s wide net of available properties is the best place to start your multifamily property search.

CREXi Multifamily Properties

CREXi is another all-encompassing commercial real estate listings platform that includes many searchable multifamily homes. Similar to LoopNet, CREXi is an industry leader and showcases hundreds of thousands of available properties across all asset classes.

Begin your search by choosing a property type and location.

From there, choose from the many filters to make your search more specific, including property size, price, individual unit measurements, lease type, and more.

You can also add custom keywords to narrow down your search even further.

CityFeet Multifamily Properties

Owned by LoopNet, CityFeet has a large sum of multifamily listings of their own, with a majority of the focus on the New York market.

CityFeet Multi family homes for sale

You can begin your CityFeet search by choosing whether you’d like to see commercial properties for sale or for lease, and then select a property type and location.

The platform does include listings outside of New York, but the results are not as extensive as the nationwide listings platforms.

CIMLS Multifamily Properties

When searching for properties on CIMLS, you must first enter the desired location. Then, you can access a much more elaborate search page complete with additional filters, such as location filters, property type filters, and price.

CIMLS offers roughly two dozen property types to search through, one of which is multifamily properties.

Catylist Multifamily Properties

Catylist is another listings platform that includes a variety of commercial property types, including retail, office, industrial, vacant land, multifamily, and more.

The site currently has listings in more than 40 markets across the U.S. Users can identify properties using a number of filters, including sub-categories of the multifamily property type. These filters include duplex/fourplex, government-subsidized properties, high/mid/low-rise, mobile home park, senior living, and more.

Catylist multi family homes for sale

Brevitas Multifamily Properties

Like most of the other sites on this list, you can start your Brevitas search by selecting a property type and location, and use that as a basis to dive further into the market.

What sets Brevitas apart from many other listings sites, however, is that they offer access to exclusive listings for just $29 per month.

Multifamily Homes for Sale: Residential Listings

Additionally, there are a number of residential real state platforms that feature multifamily investment opportunities. However, keep in mind that these websites often don&#;t offer as many results as CRE-focused listings platforms.

Zillow Multifamily Homes

Zillow has perhaps the widest spanning coverage of on-market properties in the country, including multifamily homes.

If you are looking to find a duplex for sale or any other smaller-scale multifamily home, Zillow will undoubtedly provide you with a large volume of options.

Zillow multi family homes for sale

Filters for &#;Home Types&#; on Zillow include:

  • Multifamily
  • House
  • Condo
  • Townhouse
  • Land
  • Mobile/Manufactured
  • Other

Trulia Multifamily Homes

Trulia is another residential platform. It&#;s popular thanks to its simple yet intuitive user interface.

trulia multi family homes for sale

Investors, sellers, renters, and brokers all use Trulia because of its user-friendly functionality. Like Zillow, Trulia includes many filter options to help investors identify the best property for their portfolio.

Owners.com Multifamily Homes

Owners.com takes a bit of a different approach to its search functionality. The platform uses down-to-earth language and easy search filters to allow for a more casual feel.

For instance, on the home search page, Owners.com uses, “I’m willing to spend,” as the selection where you can apply your price limit.

The platform also lets you search for a home based solely on its features, such as having a pool, a fenced-in yard, or whether it’s on a main street or a waterfront.

owners.com multi family homes for sale

Oodle Multifamily Homes

Oodle is more of an overall listings marketplace, similar to Craiglist or other local listings platforms. Items for sale include cars, job listings, and merchandise. It also has a fair amount of real estate listings.

oodle multi family homes for sale

On their real estate listings page, you can search for many different commercial and residential property types. While most of their listings are for single-family homes, they do also have multifamily home listings.

Asset Column Multifamily Homes

Asset Column is a listings platform focusing on giving buyers and sellers the information they need to make the best investment decisions. Instead of merely listing multifamily homes for sale, the platform offers resources designed specifically for investors.

These tools help property investors like fix-and-flippers and rental property owners make sure they get the best deal on their real estate investments.

Homes.com Multifamily Homes

Homes.com is another site that lets users search for properties using more casual language, similar to that of Owners.com.

Homes.com

When adding your property type filters on Homes.com, you have to instead choose a “Home Type,” as the site’s listings are only for homes for sale.

homes.com multi family search

Among the options, of course, is &#;multifamily.&#;

Realtor.com Multifamily Homes

Realtor.com is a listings platform for homeowners, renters, and sellers. It&#;s a competitor of real estate giants Zillow and Trulia, featuring primarily residential properties. However, the website includes some multifamily properties as well.

Despite having a heavier focus on the New York market, Realtor.com has nationwide listings across many asset types.

Users can search for multifamily homes for sale, as well as other house types, farms, and land for sale.

Realtor multi family homes for sale

They also offer mortgage information so that users can see current mortgage rates related to their property search.

Point2Homes Multifamily Homes

Point2Homes offers multifamily listings across the U.S. and in various other markets around the world such as Canada, Mexico, Panama, the Bahamas, Philippines, and more.

Point2Homes Apartment Buildings for Sale

After entering your location, you’ll be brought to a more extensive search page where you can filter by multifamily properties, or a number of other property types and measurements.

Multifamily Homes for Sale Near Me: Local/Regional Listings

The following examples are more localized platforms—the type of platforms that you might find when searching, “multifamily homes for sale near me.”

Many of the platforms above will have options in your market of choice. However, local listings can add depth to your search, or connect you with more localized brokers and owners.

Since the sum of all local examples is exorbitant, we look at just a few examples for those seeking local deals.

Craigslist Multifamily Homes for Sale by Owner

Craigslist listings are broken down into their individual geographic markets, thus making the site great for very local investment discovery. And there are a lot of markets: one for nearly every major metropolitan area in the country.

Within these markets, users can search for specific sub-types of multifamily homes for sale, but not for multifamily homes as a whole.

Under “Housing Type,” users can add filters for apartment buildings, duplexes, townhouses, and a few other commercial and residential property types.

NJ.com Multifamily Listings

NJ.com is a great option for investors searching for multifamily homes for sale in New Jersey.

This is a specific example of a local listing platform available for property buyers in different locations around the country.

nj.com multi family homes for sale

NJ.com’s real estate page offers news, listings, and other resources to visitors.

You can search properties within Homes, Commercial, New Construction, and Foreclosures.

Within the homes for sale page, you can search for multifamily, apartments, mobile homes, and duplexes for sale.

Read more about how to find multifamily homes for sale in NJ.

Pelletier Group

Pelletier Group is a New Hampshire-based realty group, with listings for commercial and residential sales and rentals in the state. This website is another great example of local market listings platforms for both buyers and sellers.

pelletier multi family homes for sale

On Pelletier’s site, you can add filters to identify condos, land, mobile homes, and multifamily properties for sale in NH. You can also conduct more general searches for commercial, residential, or rentals.

Read more about how to find multifamily homes for sale in NH.

Commercial MLS Multifamily Homes

Commercial MLS is a Northwest-focused listings platform, primarily serving areas of Oregon and Washington.

This site is an example of a regional site—whose focus goes beyond just a single state.

Bolstering Your Multifamily Portfolio

Regardless of the platform(s) you end up using, it’s most important to try a variety of tools—even combining them to use to your advantage and get a more complete picture of the market.

Additionally, bolstering your search with off-market information is certainly something to consider.

By using an off-market search platform like Reonomy, your deal discovery process can become much more versatile and in-depth. Using all available tools, you will be able to strengthen your overall knowledge of commercial real estate in the markets that matter most to you.

Discover your ideal assets, with the data you need to close deals.Start Searching

Sours: https://www.reonomy.com/blog/post/multi-family-homes-for-sale

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