After all the political posturing and daily craziness, the government finally avoided a catastrophe and raised the debt ceiling and agreed to cut spending. It appears that this deal is good for GOP but not great for Obama. The stock market is up on the news but there should not necessarily be a correlation.
It will be interesting to see if this clears the way for apartment investors to come back out and start buying. I know that many owners have been on the side lines waiting for this to shake out. (more…)

Filed under Market Conditions · Tagged with u.s. debt crisis, apartment buildings in the bay area, debt ceiling, obama

In 2013 the America’s Cup will come to the San Francisco Bay Area and bring with it a monstrous infusion of cash.  This is the first time since 1995 that the race has come to the U.S.
Who will benefit from the influx of sailing enthusiasts and spectators? Well according to the San Francisco Business Times nearly every conceivable industry and category will benefit in some way.
Total visitors coming to the Bay Area may exceed 500,000 for the deciding races. Apartment building owners and real estate investors stand to benefit from an increase in tourism, jobs,  rentals and parking demand. (more…)

Filed under Uncategorized · Tagged with world cup soccer, america's cup, boat racing, san francisco, san francisco bay area oracle event, apartment buildings in the bay area, sporting events, super bowl, tourism

Spacious basement apartment at Lake Merritt

1 bedroom 1 bath unit available in historic classical building just 2 blocks from Lake Merritt. This is a remodeled nice clean unit with some unique attributes. Although it is a legal basement unit with some good light but not the best unit for tall people 🙂
New carpet, new cabinets, granite countertop and nice fresh bathroom.
Excellent community feeling in quiet building with young artists and professionals. Usable garden space in back yard. *No parking, pets or smoking in building* On site laundry.
Rent: 1250/mo
Sec dep: 1000
Move in: 3/21/14
*Must have good credit and job history in order to attend showing*
Please reply to this email, bayapartmentbroker@gmail.com, for actual address, we have to be considerate of our other tenants security and privacy. Sorry no drop ins, we can schedule a time to open the apartment for viewing.
We look forward to meeting you.

Filed under Preview properties, Rentals Available · Tagged with apartment rentals, available rentals, oakland lake merrit, open house, apartment buildings in the bay area

I had the pleasure of listening to Richard Knudsen talk about the apartment market in the Bay Area at the local IMF meeting. Richard is an extremely knowledgable veteran broker who is respected by many in the industry. Later I met with Richard to discuss the multi-family housing market and brokerage business in general. Below are the slides from his talk, please take a look at slide #6, it speaks for itself.

Presented By: Richard Knutson, CCIM

Apartment Forecast 2012 for the San Francisco Bay Area

Filed under Investing in Multi-Family, Market Conditions, Property Management · Tagged with capitalization rate, investing in apartment buildings, property management, east bay apartment broker, cash flow, bay area wealth builders, investing, job growth, apartment buildings in the bay area, cap rate, apartment building sales, commercial real estate, purchasing commercial real estate in the san francisco bay area, cash flow multi-family real estate, cash flow property for sale, investing in multi-family real estate