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So far Michael Zaransky has created 39 blog entries.

Competing Through the Highs (of Demand) and the Lows (of Supply)

As is the case across the country, the real estate market in Chicago is ablaze, for the simplest of reasons: Demand has outstripped supply.   That is, of course, great news for agents and brokerages, who are moving more properties at higher prices, and doing so more quickly than is typical.   There are challenges, [...]

By | 2018-08-27T13:40:53+00:00 August 27th, 2018|Categories: Uncategorized|0 Comments

Aesthetics vs. Security: How to Straddle that Fence When it Comes to Your Property

Securing a multifamily property is a wide-ranging proposition, a matter of locks, lighting and landscaping, of entrances and elevators, of fencing and fire escapes. Things like concentric circles of protection and Crime Prevention Through Environmental Design (CPTED) must be considered. And then a fine line must be walked, between what looks good and what is [...]

By | 2018-08-27T12:39:11+00:00 August 27th, 2018|Categories: Uncategorized|0 Comments

Perusing Other Properties: Why It Pays To Scope Out the Competition

For any real estate professional, the competition represents more than a sign in somebody’s lawn, and more than a website. It represents opportunity. Opportunity to learn, to gauge, to grow -- to recalibrate one’s own approach to the profession. Competition, far from bad, makes you better. It reveals weak spots and gives you a chance [...]

By | 2018-07-19T20:26:42+00:00 July 19th, 2018|Categories: Uncategorized|0 Comments

A-List Amenities in Multifamily Properties: It’s About the Experience, and More

The ancient axiom about real estate, accurate (it seems) since the dawn of time, continues to hold true in the booming multifamily housing market: It’s a matter of location, location, location. That said, potential residents are seeking far more in the way of amenities from such properties. And high on the list are secure common [...]

By | 2018-05-23T19:53:39+00:00 May 23rd, 2018|Categories: Blog|Tags: , , |0 Comments

Determining Investment Value: How To Know When The Rent ISN’T Too Darn High

The challenge facing the owners of rental properties was underscored by a man named Jimmy McMillan, who once ran for governor of New York on the-rent-is-too-(darn)-high platform. In fact, that was what he dubbed his party: The Rent Is Too (Darn) High. (Footnote: He was later evicted from his rent-controlled apartment in New York City [...]

What to do When Your Multifamily Property Turns Out To Be Historic

The phrase “George Washington slept here,” a reference to a long-ago play and motion picture, has also been used, tongue-in-cheek style, in connection with any property that might have historical significance. But what if that is really the case? What if George Washington (or, for that matter, Gen. George Patton, or George Santayana) really did [...]

The Rise, Fall, and Rise Again of Midwestern Towns

  The images of Rust Belt cities haunt and amaze: frame after frame of homes and businesses and factories, hollowed out and abandoned -- some looking as if the occupants just stepped out for a minute. They leave one thinking of a bygone era, when business boomed and these places thrived. They backslid because of [...]

By | 2018-05-17T16:53:34+00:00 March 23rd, 2018|Categories: Blog|Tags: , , , , |0 Comments

Preserving the Past, while Facing the Future

The Wrigley Building, one of Chicago’s iconic structures, dates back to the early 1920s, when William Wrigley Jr. settled on a site along Michigan Avenue, hard by the Chicago River, for the headquarters of his chewing-gum empire. It has loomed over the city’s skyline ever since, though it underwent a makeover after being purchased in [...]

The Local Watering Hole: Neighborhood Anchor or Lodestone?

At their best, neighborhood bars serve as the social hubs of their neighborhoods -- vibrant places that draw people in and draw them together. At their worst, they are nuisances, producing excessive noise, littering, vandalism, etc. The question, then, is this: What are the pros and cons of investing in real estate near such places? [...]

Leaving the Family Business to Become An Entrepreneur

Strike out on one’s own, or stick with the status quo? That was the question facing Cobus Visser, a South African and self-described mental strength sports coach and master firewalker. For a very long time he wasn’t sure. He had moved on from the family business -- going on what he called a “hero’s journey” [...]

By | 2018-01-25T16:18:23+00:00 January 25th, 2018|Categories: Blog|Tags: , , , , |0 Comments