Category Archives: SELL Multifamiy Tips

Who is my Buyer?

Who is my Buyer? This simple question should be any owner’s first for any good multifamily property broker–NOT–”what will it sell for in today’s market?”  The broker’s answer should be highly specific. Any house/residential agent can do quick math and estimate a market valuation–and tell you a high market valuation number of what you …

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5 Things You Should Know Before Selling Your Multifamily Property

Sell Multifamily 1.  Get all your financials documents updated and organized. Smart and Savvy buyers assume the worst from a Seller or Property.   Sellers must have updated and detailed Rent Rolls, Tenant Ledgers, P&Ls, and list of work and dates of capital expenditures. 2.  Notice to vacate problem tenants. If tenants are committing …

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InvestProp vs. Zillow

Sell Multifamily Question:   How do I know the value of my small or medium sized multifamily property in today’s market? Answer: NOT by checking Zillow! Discussion For the sake of brevity, we’ll focus today on one small property–a duplex in St. Paul.  Currently, Zillow.com has 440 Jayne Street valued at $154,531.  Currently, InvestProp …

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Stop Seller! Don’t auto-check that assessment box!

Minnesota Multifamily Owners and Investors: When most sellers of real estate think of special assessments, they think of those large 5-20 year assessment projects–new street sewer, new street surface, sidewalk repair, etc. If you own property in St. Paul, Minnesota, you know that there 2 specific annual “charges” or “assessments” during the calendar year: …

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Sell without a TISH in St. Paul.

Agents and Buyers often ask InvestProp–“Why is there no TISH?”  “I don’t understand”  “What do you mean certificate of occupancy is valid–NO TISH?”   Well, the short answer for St. Paul is, if the duplex you own has a valid certificate of occupancy (“CO”), or is even in the queue to be inspected and …

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