Richard Birgel
June 27, 2022
Many professionals know that negotiation skills are critical for the real estate industry, but fail to bring them to their job hunting. As with making a deal for a sale or lease, negotiating for your next job is an essential part of landing the right job. Below are a few critical skills to bring to the negotiation for your next job. Know what you want As with closing a real estate deal, you should know […]
May 29, 2022
Standing out to recruiters is a critical piece of any job search. If recruiters do not notice your resume, the chances of you moving forward for any job are limited at best. The best resumes concisely tell your story and make recruiters want to learn more. Your resume should tell recruiters about what you will bring to the table, but not fill in every detail of your experience or skills. Customize your resume While you […]
May 21, 2022
Although it has fallen out of the headlines, hiring remains challenging for many firms in 2022. A recent survey by GoodTime shows that nearly half of firms did not meet their hiring goals in 2021. The headwinds cited by the survey included increased demand for talent, increased selectivity by job seekers as well as a lack of qualified candidates. Changes in the Hiring Process Many of the in-office benefits which were touted before the pandemic […]
May 1, 2022
Multifamily demand will moderate its growth through 2035, according to a soon-to-be-released study from the National Multifamily Housing Council. The new study predicts that demand will rise 25% to 30% below previous forecasts. The reduced projection is due to the likelihood of a major recession, flat population growth and low immigration levels. Real estate finance professor Norm Miller presented this forecast at the recent MHNC Research Forum in Denver. According to Professor Miller, inflation and […]
April 17, 2022
The national multifamily market remails strong but is showing signs of slowing according to the latest Yardi Matrix report. Although rent growth remained positive in March, its rate of growth is decelerating after the extraordinary rate of 2021. Most of the rent growth for 2021 started in the second quarter, meaning that going forward the year-over-year growth will likely be reduced although apartment rents will continue their trajectory. Household Growth Moderates Although the numbers are […]
April 10, 2022
At the end of March, Multifamily Executive released its rankings for the Top Residential Real Estate Investment Trusts (REITs) for 2021. Multifamily Executive creates the rankings of both publicly listed and private REITs, based on their online reputation assessment scores (ORA). They have developed this list for the last seven years and it shows the strength of the top operators in the multifamily real estate market. These multifamily REITs are some of the largest owners […]
March 26, 2022
In the rush to hire, you might not be thinking about how to measure the quality of hire; however, this key performance indicator is a critical way to measure your recruiting and hiring practices. Assessing how your hires work out can hep you figure out the places your recruitment strategy might need work. Bad hires are not only bad for business, they are very common. One Robert Half survey estimated that three in four managers […]
March 13, 2022
Financial Analysts are a critical piece of any real estate investment team and the best ones share a few critical traits. These traits go beyond understanding the relevant numbers too. Aware of Market Trends Financial Analysts help with underwriting and modeling the performance of a multifamily or other commercial property as an investment. Although many of their assumptions will change, based on the property and local conditions, some of the factors are at the macro […]
March 5, 2022
The employment data for February revealed that hiring rebounded in February after a slow start to the year. According to the BLS, employers added 378,000 new jobs in February, driving the unemployment rate down to 3.8%. These gains were higher than the 440,000new jobs predicted by economists. The job gains were widely distributed across industries, with healthcare and hospitality leading the way. In a positive sign for the real estate industry, the construction industry added […]