Sept Newsletter: ALL Properties Update

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Subject: Sept Newsletter: ALL Properties Update

Hi Friend,

Here's something I've never done - an ALL multifamily-property update. Not included here is our residential single-family portfolio, which may have to be another time!

Houston, Texas 144-unit

Closed: June 2023
Units under renovation: 42

Occupancy: 85.3% (not counting the ones under renovation)

Summary: Our show suite is renovated and being furnished today, with photos on Monday! The demo has started on the inside of the leasing office. There will be about 4 renovated units per week coming available, so it's time to get it filled up!

** We are having an update webinar THIS THURSDAY all about this property. Open to anyone. Register HERE. ***

Before:

After (rendering):

Spruce Grove, AB - Prescott 6-plex

Closed: June 2023

Occupancy: 100%
Total rent per month: $10,770

Summary: We are now fully occupied, and are awaiting our fences & landscaping. We will be applying for a GST rebate to get some of our taxes back. This can be done as long as each up & down townhouse unit is purchased for under $450 k.

Edmonton, AB - Walker 6-plex

Closed: November 2022

Occupancy: 100%
Total rent per month: $10,545

Summary: It's almost been a year. Grading, fences, and parging is done. Sod is coming next week! We've had one tenant turnover (no lost rent), and one renewal already. Our refugee Ukrainian family is staying, and they fly their Ukrainian-Canadian flag proudly! (see below)

Edmonton, AB - Desrochers 8-plex

Closed: February 2022

Occupancy: 100%
Total rent per month: $13,835

Summary: Another property 100% occupied and all rent paid on time by our amazing tenants. Rent has increased 5% year-over-year. Not much to report, which is a good thing. We like occupied boring properties. :)

Edmonton, AB - Desrochers 6-plex

Closed: September 2020

Occupancy: 100%
Total rent per month: $10,295

Summary: Almost 3 years of owning this property, and we're enjoying the 1.87% interest we locked into. With 2 more years to go, we might just miss the high-interest period. The big news here is that I switched insurance providers to Desjardins and saved about $5,000 in annual premiums! Let me know if you want my agent's number.

UPCOMING EVENTS

Multifamily Makeover - Starting next week!

I only do this program twice per year. The next one might being in Spring 2024. Better to get in now. I really feel there will be a lot of opportunities this fall/winter, so you want to be prepared.

Couples can register for one price. A 2-for-1 special! It's so important for both partners to be aligned and on your real estate journey together. I will consider business partners for the special as well.

This is especially perfect for investors thinking that their next step is a duplex/triplex/four-plex. You might want to reconsider! I've done the math, and it often requires less capital to buy a 6-plex.

👉Register HERE.

More Information

Zorya Belanger, P.Eng.

Multifamily Real Estate Investor
BREI Properties | 780-707-1785 | zorya@brei.ca

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Subject: Sept Newsletter: ALL Properties Update