The restructuring of the property management department has proven to be successful. New policies and procedures have been introduced and owners have noticed our proactive approach rather than reactive approach. The tenants are finding that the response time to maintenance calls has been cut in half. The daily operations of the management department run more…
2008 is a great time to BUY Real Estate because some investors as well as some banks are overleveraged. Over the last few years many investors in the commercial real estate market are feeling the same payment problems as residential homeowners. They have bought their commercial investments and because of the increase in interest rates,…
The Fickling and Company of Warner Robins office enjoyed good laughs and delicious food during a recent award ceremony. Awards were given to celebrate the multiple successes, both in sale and property management, the Warner Robins branch accomplished during 2015. I am so proud of our agents and staff members for continuing to provide excellent…
Change is coming, but the Hospitality Lodging Industry’s immediate future still looks bright. Lodging Outlook for 2008 Stressing that they foresee no recession in the immediate future, analysts at PFK Hospitality Research have taken a swing at what such a trough would look like, should the views of the industry pessimists prove correct. At first…
Warner Robins is a mid-sized city with a growing population in central Georgia. When we are asked if it’s an ideal place to invest, we always nod our heads enthusiastically. This is a great market for first-time investors who are looking for an affordable property with a lot of cash flow potential. It’s also the…
The Bibb County apartment market continued to be active in 2008, albeit considerably slower than 2007. The capital crunch caused lenders to adopt more stringent lending standards or stop completely making loans. The loan to value dropped to 75-80% and actual NOI was used to arrive at the value. The demand for apartment complexes, especially…
The National Multi-family Market was stronger in 2006 than it has been in the past few years. Owners were able to increase rates while decreasing the amount of concessions given to new tenants. Occupancy rates in many markets, increased as the supply of apartments were constrained due to the conversion of apartments into condominiums. Also,…
Bank Owned . . . sound familiar? In today’s world of commercial real estate, most of us are now all too familiar with such terms as “REO” (Real Estate Owned) or “OREO” (Other Real Estate Owned) or “CREO” (Commercial Real Estate Owned). It is far more normal in the current market to see bank owned…
Why has the sub-prime mortgage debacle resulted in a credit crunch on commercial mortgage backed securities lenders (CMBS) as well? Well, most insiders don’t believe it is a direct result of the sub-prime hangover. They believe it has been in the works since the beginning of the second quarter when Moody’s issued a warning that…
