Pete Chrzaszcz's (commercialmasterminds) Blog

With the recent signing of the Lily Ledbetter Fair Pay Act by President Obama, apartment owners, along with other employers, would do well to review not only their pay structures, but also all administration and policies to ensure that any inequities are corrected and comply with the new law.  Th...

Even with the current economy, Orange County apartment values have remained high.  Why not?  It's a beautiful place to live, unending coast line, the ocean, sunshine, the luxury lifestyle.  What's not to love?  For buyers looking for opportunity, acquiring distressed multifamily assets at bargain...

Here's a living concept whose time has come...the Generation Y demographic. Upwardly mobile, recent college grads want amenities and necessities such as game rooms, computer labs, coffee bars, fitness rooms, and laundry facilities.  Catering almost exclusively to these residents, developers are b...

Even though we're into February, it's still not too late to make some good new year's resolutions.  Here's some I came across that bode well for good business, that are well worth making and following though.  I especially liked the honesty of the first one.  While many employees fear their losin...

A great article I read in Units magazine sums up the key mistakes to watch out for in order not to come out upside down on an attempt to accomplish a value play on a multifamily purchase. If a prospective property is able to be purchased at a discount compared to current market prices and yet, a ...

A few tips to consider if you are considering any remodeling or updating of your apartments in 2009 are mentioned in Units magazine (Nov. 2008). In order to cheer up our moods from the dismal economic environment of 2008, fashion and trends watchers are predicting that yellow will be a desired lo...

As identified in the article "Can't-Miss Growth Areas" in Units magazine (Nov. 2008), investors looking at apartment purchases should consider looking for apartments with proximity to the following businesses or locations:  Colleges/Universities Transportation Hubs Ports/Coastal Cities Biotechnol...

An article I read on GlobeSt.com talks about predictions for the growing population in California that are peaking the interest of both the residential and the commercial real estate industries. Brokerages, builders and property investors are watching to see what the next wave of development and ...

According to an article in the November 2008 issue of Multifamily Executive, single women are a key demographic apartment owners should be courting. Of the 14.9 million single women ages 20 to 34, nearly 41% are renters. This Gen Y subgroup has specific tastes and smart apartment owners will look...

As a fan of online document technologies, I am pleased to see the rise of document management software solutions to assist apartment property managers. In an article titled "Virtual Filing Cabinets "in Apartment Finance Today (Nov/Dec 2008) several technologies are mentioned. Yardi, Intuit and Re...