mother laid for me both in my personal and professional life. In many ways, those successes are just one way I can cele- brate her. •
ing market predictions, there is an increased element of risk and, ironically, unpre- dictability. This makes it crit- ically important to develop multiple strategies for any investment far in advance. Fortunately, in today’s real estate sector, there are more options than ever, including traditional rentals, turnkey projects, and short-term options like Airbnb, which may emerge as a perfect fit in surprising places. “Usually you hear about investors buying Airbnb
properties in areas with hot tourist destinations and/or business hubs, but a market will surprise you,” explained Daniela Andreevska, content marketing director at real estate analytics tool Mash- visor. “Pay attention to the neighborhood as well as the city, because a local short- age of hotel options, for example, could translate to a more profitable situation for a short-term rental than a long-term one even if the locale does not lead you first to Airbnb.” •
> Continued from :: PG 58 Developmental Pipeline Creates Near-TermRisks for Multifamily Looking forward, the industry needs to find ways to develop housing that is affordable without overbuild- ing in a way that disrupts business models. New stock is positive on several levels, such as: to revitalize urban areas, add residential units near transportation hubs, to meet demand for modern amenities. Building more units also remains the best way to alleviate the affordabil- ity problem. Even so, demand has its limits, and as deliveries accumulate, the margin for error gets thinner. • > Continued from :: PG 61 Lessons fromMom It’s the closest thing to a guar- anteed return you’ll ever find. As I sat next to Mom the other day, she looked at me lovingly and asked “Which day do you have a half day of school, Tuesday or Wednes- at me. A few minutes later she repeated the question and I held her hand and re- plied, “Wednesday, Mom.” I felt like a little kid under the protection of my mom and I think she felt like a young mother doing her job. This moment brought me a lot of peace and reminds me to keep building on the foundation my day?” She was on a high dose of pain medication. I laughed, and she smiled
> Continued from :: PG 63 Market Trend
Spotlight: 3 Indicators of Effective Community Revitalization 2. Explore local transit and travel options Has the local transpor- tation and development office recently upgraded or expanded bus service? Is a light-rail expansion in your market’s future? Is the historic downtown being updated for walkabil- ity while maintaining its “quaint charm?” If so, you have a solid finan- cial indicator that local policy is backed with funding. This places the area in a position to benefit from further state, local, federal, and private in- vestment support for revital- ization. For example, in Gary, Indiana, the city’s recent expansion of bus routes through a main thoroughfare and the broad- er-reaching regional develop- ment projects are indicators that Gary’s masterplan concepts are being pushed toward reality by local policy and practice.
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