1st Town-Hall Meeting for Apartments Owners

This is our first casual meeting designed to be have a wealth of information on almost every aspect of apartment ownership, management and investment strategy.  After 20 years of working hand and hand with apartment owners in our brokerage, we’ve learned lots, and happy to share.  However, this casual style get-together will have no formal presentations.  We want to know what you want to know and ALSO, we hope you will be willing to share your insight.

We really hope you can attend and help us with meeting.  It should be fun and worth your time.  If you are not able to attend, let us know if there is anything we can help with outside the meeting.

Specialists that will be at the meeting for specific questions

Denise Holliday: Hull, Holliday and Holliday, Landlord Tenant Act and Fair Housing

Holliday@DoctorEvictor.com
7000 North 16th Street, Suite 120 #484, Phoenix, Arizona 85020-5547
602-230-0088

Bob Myers: Avant Garde Mgmt., Repositioning to maximize rents and property value

Bob@AvantGarderms.com
1501 W Whitton Ave, Phoenix, AZ 85015
602-501-8271

Joe Callaway: Asset Preservation Inc., 1031 exchanges

Joe@APIexchange.com
2930 E Camelback Rd, Phoenix, AZ 85016
602-690-8033

Stacy Martin & Gina Ducy: CoStar & Apartments.com, Commercial database and resource for obtaining tenants

SMartin@Costar.com
2325 E Camelback Rd #110, Phoenix, AZ 85016
602-999-2148

GDucy@Costar.com
2325 E Camelback Rd #110, Phoenix, AZ 85016
602-799-2337

Terry-Ann Shepstead & Tanya Whitney: American Title, Benefits of using an experienced commercial escrow officer

TShepstead@ATSAaz.com
2929 East Camelback Road, Suite 204, Phoenix, AZ 85016
602-424-7350

TWhitney@ATSAaz.com
2929 East Camelback Road, Suite 204, Phoenix, AZ 85016
602-424-7314

Mindy Koehnen: Bank Financial, A new apt. lender for our area

MKoehnen@BankFinancial.com
Denver, CO
303-566-9003

Jenny Handke – CPA & Matt Everroad – CPA/Partner: Eide Bailly LLP, Impact of new tax laws

JHandke@EideBailly.com
1850 N Central Ave, Suite 400, Phoenix, AZ 85004
480-315-1040

MEverroad@EideBailly.com
7033 E Greenway Pkwy, Suite 310, Scottsdale, AZ 85254
480-305-8072

Deanna Jordan: AMA, Benefits of AMA membership to apt. owners

DJordan@azMultihousing.org
818 N 1st Street, Phoenix, AZ 85004
480-748-8787

Linda Fritz-Salazar & Scott Trevey: KLCG, Metro Phoenix apt. market insight

Linda@KLCommercialGroup.com
5110 N 40th St, Suite 100, Phoenix AZ 85018
602-989-9487

Scott@KLCommercialGroup.com
5110 N 40th St, Suite 100, Phoenix AZ 85018
480-205-0862

Potential Discussion Topics

The Dynamics of our Apartment Market

• Is it time to sell / buy – what’s the future of the local apt. market
• How will rising interest rates impact property value
• Are there more “affordable” housing projects planned that might be competition for “C” rental range apt’s
• What should apt owners look at in the single family housing market to anticipate a change in the multifamily market.

Maximizing Value

• How to reposition a property to maximize cash flow or overall value
• What are the most cost-effective amenities to add to maximize rents?
• If your apt’s are condo mapped, what’s the process to dissolve the condo mapping and reduce the overall taxes
• How to use Sec. 8 tenants to create huge resale value.  How do appraisers and banks look at Sec. 8 income.
• Is it worth changing your apt’s to senior housing?
• Tax Strategies and Trusts – How to implement them and prepare the transfer of assets.
• Light Rail/Impact – how to take advantage of Light Rail and mass transit

Management Operations

• If you use a management company, what should you do to oversee them?
• Is it worth providing incentives to management companies?
• What’s the benefit for an owner of smaller apt’s to be an AMA member?
• With rising insurance rates, who offers the best terms/rates for refi.?
• What should be included in an insurance policy?  Are riders worth paying for.
• How to lessen your water/server bill by showing the City that part of the water for landscape goes back into the ground, not just the sewer.

Buying Apartments or not

• If buying apt’s, how to verify that rental tax is current.  If not – liability?
• If you’re tired of apt. ownership but still want to be a real estate investor – consider making a exchange into Triple Net national tenancy or office, etc. Realize the benefits of real estate investing without the headaches of multifamily.
• Non- recourse Financing – How to be prepared for the next downturn!

New Laws

• What Tax Changes will have the most impact?
• New Fair Housing Laws – what are common breaches in Fair Housing by owners
• How do the new Medical Marijuana Laws impact your property?
• New concerns for doing evictions properly
• Companion animals, Service animals

[Archived Meeting]