real estate news 2018

8 Practical Tips to Maximize Efficiency in Real Estate Investing

02/02/2023dansa

The real estate world is highly competitive, so those who pursue real estate investing must work hard to stay on top of their game. News events, market shifts, financial technology, and a host of outside factors can change the investment terrain, it seems overnight.

Real estate investing also offers investors tax benefits. Investors can take advantage of depreciation deductions and capital gains exemptions, which can provide a significant tax advantage. Additionally, investors can use a 1031 exchange to defer capital gains taxes on the sale of a property by investing the proceeds in a new property.

Done right, real estate investing can be (and often is) an incredibly lucrative endeavor. However, making a career in real estate that is sustainable and consistently profitable is also a complex and time-consuming process. Maximizing your efficiency is essential to ensure you get the most out of your investments, especially if you are working as a team of one.

Listed below are eight practical tips to help you do just that. These tips will help you get the most out of your real estate investments, from creating a well-defined investment strategy to taking advantage of automation tools.

Whether your preferred niche is in the

Student Accommodation Shortages Mean High Demand for PBSA

20/01/2023dansa

Between 2018 to 2021, university-building student halls decreased by 5%, and such figures expand significantly when extended to the private sector.

The supply of purpose-built student accommodation has too taken a significant dent – with figures showing the number of beds provided more than halving since 2019.

On top of this, the number of beds submitted for planning has also dropped dramatically. It has been suggested this is due to varying factors such as landlords leaving the market and moving back to renting professionals.

Recent regulation surrounding HMO’s (House in Multiple Occupation) has also made it more difficult to convert a residential home into a student let which has further contributed to a slump in supply.

However, students’ own preferences have shifted to purpose-built student accommodation in recent years – contrasting the traditional HMO house share. This has placed further strain on the need for investment for purpose-built student accommodation.

Some investors may also wish to capitalize on what has been labeled ‘turnaround’ projects – this is where existing first-generation purpose-built student accommodation assets are refurbished and revamped to draw even greater returns.

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go once. Go twice. Sold, by Phillip Hopper!

09/01/2023dansa

Phillip Hopper, 33, executive vice president of real estate, Powell Auction and Realty

40 Under 40 Class of 2022 member Phillip Hopper, executive vice president at Real Estate Powell Auction & Realty.

Phillip Hopper can create bidding wars with his auctioneering and his philanthropy, helping Powell Auction and Realty grow beyond its original asking price.

Since joining Powell after college, Hopper has made a name for himself over the past 10 years. He’s increased revenue, manages the company’s real estate work and has grown the company since becoming executive vice president of real estate.

He also has his hands in community work including a spot on the founding board of Safe Families for Children and as a member of the golf committee for the Emerald Youth Foundation.

When you reflect on your career so far, which achievement stands out the most?

When I first came to the Powell Auction, I was getting ready to graduate college with a degree in business administration and I was really interested in the auction industry. I cold called them out of the blue, and they didn’t know me from Adam. Thankfully, they gave me a shot, and what started out as basically a part-time,