Vertical Street Ventures

📚 Back to School for our Littlest Residents! 🎒 With an amazing turnout of over 50 residents, our back to school/lease renewal party was a hit, securing 10 renewals on the spot ! 📝 Our residents loved the event. There was music, lots of food, community support, and our school aged residents received backpacks with goodies and supplies to start the school year strong! ✨ Our dedicated staff was there to have a good time as well as to help any residents with their lease renewals - ensuring a smooth and easy process. We are so grateful for residents that want to stay in our communities and who continue to partner with us in making it a great place to live! #multifamily #CommunityEvent #LeaseRenewal #ApartmentLiving #ResidentsFirst

Did you know taxes will likely be your largest lifetime expense? Did you also know that owning property may help you reduce taxes? Listen in as Kiyoshi Simon, CPA, MST discusses the power of strategic investing and tax benefits. Link to episode in comments. Thank you Nick Good Matthew Buchalski for hosting. #realinvesting101 #realestatetips #apartmentinvesting #multifamily #passiveincome

🏆U.S. Apartment Market Sets Records🏆 🏘 The U.S. apartment market witnessed unprecedented activity in the first quarter of 2024. Over 135,000 apartment units were completed, marking the largest number of completions on record. 🏗Construction completions were mainly clustered around 8 major U.S. Markets - one of which is Phoenix - and these same metros accounted for most of the U.S. demand for apartments as well. 👩👩👧👦There was an increase of apartment occupancy by nearly 104,000 apartment units nationwide, the strongest first-quarter net absorption ever recorded, blowing away the 12,500 apartment average in Quarter 1 over the past 30 years. While there is significant interest in new apartments, the sheer volume of new units has outpaced even strong demand. Looking forward, the construction pipeline beyond 2024 is showing signs of contraction, which may balance the market in the coming years. **Marcus & Millichap 2Q2024 Multifamily National Report #multifamily #passiveincome #phoenixaz

Join us at SARECON July 26-28 at Hilton Orange County/Costa Mesa Steven Louie will discuss what happens operationally after purchasing a multifamily apartment. He'll discuss potential red flags to watch out for, share strategies for managing the property managers, and discuss ways to cut down on expenses as well as to generate new revenue streams and increase efficiencies. Use code "VSV10" for 10% off SARECON tickets! #multifamily #passiveincome

Hope everyone left this Saturday's Build Wealth Event in Dallas with a ton of inspiration and knowledge!

🧐Checking out Comps We are constantly on site, monitoring not only our properties but also comps in the area. What are we looking for? Some things we keep an eye out for: - We make sure our rents are in line - See how on site property managers treat prospective residents - Determine how customer service is like. #multifamilyinvesting #passiveincome #phoenixrealestate

Dallas!! Join us on Saturday June 22 for a Build Wealth Workshop! Learn about underwriting, risk versus reward, asset management, funding, finance, and raising capital. Link in comments!

🔎 Consistent Site Visits🔎 Even for our properties that are consistently fully occupied with very low delinquency and are stable, we still always make it a point to consistently visit those properties as well. We are always looking to see if there is anything we can improve on, to make the experience for our resident's the best possible. #ResidentsFirst #multifamily #passiveincome Jenny Gou

🤔 Overcoming Interest Rate Hikes It's certainly not an easy task to deal with the existing massive interest rate hikes. We had a rate cap expiring in a few months on one of our Tuscon, AZ properties. Through much dedication and negotiation, our team was able to collaborate with the lender in creating terms that were beneficial for all parties involved! 🤝 We understand that this kind of collaboration is not always possible for everyone, but we are grateful for the strong relationship with the lender and our track record that made this all possible. #tucsonarizona #multifamily #passiveincome

👋 First Impressions Matter! 👋 That is why we transformed our apartment offices into warm and welcoming spaces where prospective residents feel at home, from the moment they walk through the door. What are some things you've seen that stand out to welcome prospective residents to a property? #residentsfirst #passiveincome #financialfreedom