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Cove Investments Blog

Managing Apartments During COVID

We and our partners have remained intensely focused on operations and tenant engagement since early March. For now, our on-site property management teams have done a great job navigating the operational challenges of COVID. We’ve found ways to manage work requests, rent collections, and leasing engagement within the constraints of social distancing. According to the National Multifamily Housing Council (NMHC), collections have been running in the low 90s across the US. While lower than the comparable periods in 2019, this is much better than we and others in the industry feared at the onset of the crisis. This data is

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Global Influences on Local Investments

Many times, the outcome of an investment, both positive and negative, are outside of our control. While they cannot be influenced, they are dangerous to ignore. In this post, I’ll explain why the low yields of global bonds may significantly affect returns of your US real estate investments. Location, Location, Location… And Perspective Let’s take the oldest lesson in real estate investing. You know, the three things, “Location, Location, Location.” This maxim is the bedrock of any real estate opportunity. And for a good reason. A single block, a few hundred yards, can make the difference between riding the wave

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The Other March Madness

What a great time of year! Here in New England, we’re emerging from the darkness of winter. Baseball season has begun. And the college basketball tournament has again left brackets busted. It’s also tax season… Wait! Don’t run away! I wanted to share a real-life example of how investing in multifamily real estate can make you a much happier person at tax time. Keep in mind that I’m not a CPA. Consult a real CPA for tax advice. With that requisite disclosure, check this out… Each spring, investors in private placements like multifamily real estate syndications receive a tax document

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Key Drivers for Apartment Investments

We’ve already discussed the many benefits of investing in apartments (see 5 Reasons Apartments may be the IDEAL Investment). But what are the key value drivers that determine whether a deal will be successful? Well, it turns out that having 25+ years of experience in analyzing stocks help quite a bit when analyzing apartment investments. Unlike residential homes, apartments are businesses and are valued based on the cash flow they generate. At Cove Investments, we’re working with experienced operators to find opportunities where we can boost that cash flow. That way, we have levers within our control to increase the

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