Author Profile: Ernie M. Eden, S.E.C., CCIM

Biography »

Ernie M. Eden, S.E.C., CCIM heads up Eden Realty Services, Inc., based in Atlanta, Georgia. Mr. Eden specializes in brokerage and exchanging of income properties, and in the brokerage of multifamily housing in particular. He is a Certified Commercial Investment Member (CCIM), past president of the Association of Georgia Real Estate Exchangors, and has been Georgia Exchangor of the Year. He is a member of the Atlanta Apartment Association and of the Atlanta Commercial Board of REALTORS.©©2009-2011 The S.E.C. Real Estate Observer

Publications »

Fifteen-Year History of a Triplex
Posted in Feature Articles, Spring 2017 on 12 April 2017
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This is a whole series of creative financing techniques used on one property over a 15-year period. In 1999, I had a client who was in a pickle. She was living in an assisted living facility, but she still owned a residential triplex where she had lived for many years previously. She had given power […]

Improve the Curb Appeal of Your Income Property
Posted in Fall 2015, Formulas and Strategies on 13 October 2015
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Improve the curb appeal of your income property and get better tenants, higher occupancy, and higher rents. There aren’t too many ways to find easy money in real estate, but we should use all the tools at our disposal. One of the easiest ways to increase the NOI of an income property is to improve its curb appeal. Here are six areas you may want to consider.

Invest in Your Multi-family Property to Increase Returns
Posted in Feature Articles, Spring 2015 on 18 April 2015
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Sometimes we can simply improve management or make changes that don’t cost much money. But the greatest gains in NOI usually take place because the owner actually invests cash in improving a property. Here are a few ideas that may be useful in your community.

Top Ten Multifamily Performance Tips from 2011
Posted in Society Columns, Winter 2011 on 22 December 2011
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Most people like top ten lists because you know when they end, right? But if you manage, invest in, finance, or own apartments, you never want to see an end to good ideas for better performance.

Ten Ways to Increase NOI in Your Multi Family Community
Posted in December 2010, Formulas and Strategies on 13 December 2010
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There are many things an apartment owner can do to improve the bottom line in apartment operations. They fall into two broad categories: (1) increasing income and (2) reducing expenses. Some of the suggestions listed below fall into one category or the other, and some actually apply to both.

The Hidden Profits in Apartments
Posted in Fall 2006, Society Columns on 17 September 2006
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The traditional sources of profits in apartments, as in most other types of real estate investment, include cash flow, loan amortization, tax shelter through depreciation, and appreciation. But in apartments there are some potential additional sources of profit we should not forget. Miscellaneous income – Laundry – The most common miscellaneous item included in apartments […]

Due Diligence for Affordable Housing
Posted in Autumn 2005, Formulas and Strategies on 17 September 2005
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If you are thinking about getting involved in a multifamily affordable housing transaction, there are a number of due diligence items you will need to include in your investigation that are not typically checked out in a conventional transaction. The Low Income Housing Tax Credit Program (also known as the Section 42 housing program), is […]

Federal Tax Incentives in Renewal Communities
Posted in Formulas and Strategies, Winter 2004 on 16 January 2004
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The 2000 Community Renewal Tax Relief Act authorized the creation of the Renewal Community (RC) Initiative, designed to stimulate economic development in the nation’s most distressed communities. Through this initiative HUD designated 40 of the most distressed communities as RC communities, and Congress provided them with more than $5 billion in tax incentives that will […]