Jim Kasten

About Jim Kasten

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So far Jim Kasten has created 5 blog entries.

June 8, 2017

LAST UPDATED AT 3:00 pm

Q1 2017 Metro Phoenix Apartment Owners Newsletter

By | 2017-08-30T12:24:46+00:00 June 8th, 2017|

KLCG Partners with AMA The Kasten Long Commercial Group (KLCG) recently formed a partnership with the Arizona Multihousing Association (AMA) to oversee their Independent Apartment Owners Group and will provide quarterly meetings that focus on what’s currently and projected to drive the major economic engines across metro Phoenix. The 1st meeting [...]

June 8, 2017

LAST UPDATED AT 1:31 pm

2414 W Devonshire Avenue 16 units sold June 9,2017

By | 2017-08-24T19:52:53+00:00 June 8th, 2017|

On June 9th, 2017, the 16 unit Devonshire Apartments located at 2414 W Devonshire Avenue in Phoenix sold for $1,000,000 ($62,500/unit) and was purchased by an exchange buyer out of southern California. The building was acquired by the seller in September of 2016 for $780,000. After installing automated entry/exit gates and [...]

January 13, 2017

LAST UPDATED AT 1:39 pm

Q3 Metro Phoenix Apartment Owners Newsletter

By | 2017-08-24T15:10:35+00:00 January 13th, 2017|

KASTEN LONG COMMERCIAL GROUP:  The Kasten Long Commercial Group has specialized in apartment brokerage in metro Phoenix since 1998.  Our agents have brokered more than 1,000 communities with gross sales in excess of 1 billion dollars.  The company provides weekly updates (by e-mail) on apartment sales, commercial news and posts past [...]

January 13, 2017

LAST UPDATED AT 1:06 pm

Q1 2016 Metro Phoenix Apartment Owners Newsletter

By | 2017-08-24T15:59:25+00:00 January 13th, 2017|

1st QTR 2016 KASTEN LONG COMMERCIAL GROUP:  The Kasten Long Commercial Group has specialized in apartment brokerage in metro Phoenix since 1998.  Our agents have brokered more than 1,000 communities with gross sales in excess of 1 billion dollars. The company provides weekly updates (by e-mail) on apartment sales.  If you [...]

March 30, 2016

LAST UPDATED AT 9:29 am

Suggestions for Raising Rents and Increasing Value

By | 2017-08-30T12:26:55+00:00 March 30th, 2016|

It's simple math.   Every $100 increase in net monthly rental income increases your property value by approximately $15,000 to $20,000 in our current market! A simple $25/month bump in rents on a 50-unit property will increase the monthly cash flow by $1,250 which (at a 6% to 7% cap rate) increases [...]