Dom Perignon Vs Cold Duck

Dom Perignon vs. Cold Duck
Times of market bliss can lead to a relaxed, passive approach, while the cash flows in. Property Managers appear to be performing, rents are up, vacancy is down, competition void due to supply/demand imbalance, and while a few benchmarks appear to be achieved, others are overlooked. No doubt it’s been an exciting time to be in the multifamily business. Few challenges exist to test areas of weakness, even the most unskilled, blind-eye operator can appear to be achieving success in today’s market.
It’s acceptable and darn right deserved to clink glasses, eat caviar, and woller in the glory. Our industry had tough times, so we earned the right to be fat and happy, ut how long can we afford to continue our glutton before we’ve ignored the basis on which our business plans are to survive in real estate cycles? There shouldn’t be a repetition of past mistakes. Shame on operators who are satisfied with taking advantage of successes when times are sound, only to be digging a hole for profits when the market pushes back.
According to the forecast, slipping fundamentals and declining returns, while gradual, will be notable. Thus, the warning signs are here so now is the period to ensure basics are in place to avoid repeating mistakes of the past by focusing on fundamentals. It is during the time when performance is decent that a disciplined approach should be implemented to improve