MULTI-FAMILY PROPERTY MANAGEMENTWe approach property management as investment management
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Efficient and consistent communication with tenants and owners
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We utilize leasing automation and analytics software for fast tenant placement
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We leverage our network to pass on a discount of 30% on maintenance costs
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Get strategic renovation suggestions to increase the value and rent of your property
Maximize Your Real Estate Portfolio ROIExperienced in value add renovation projects
Our renovations more than doubled the rent
8 unit apartment in Laurel, MD renovation project
Renovation cost
$35K
Renovation Scope
- Added wall to create 1 bedroom
- Removed wall to increase size of kitchen
- Added new quartz countertops, cabinets and appliances
- Fully renovated bathroom
- Brand new flooring, paint and light fixtures throughout
Project Description
This unit was an efficiency that we converted to a 1 bedroom.
Rent before renovations
$550/month
How we improved cash-flow and long-term value:
Rent after renovations
$1,300/month (an increase of $750 per month)
- This building was purchased at a 6.75% cap rate. At that cap rate, a $750 per month increase in rent creates $133,000.00 in equity.
- Once listed, we received 39 tenant leads to rent the property (71% scheduled showings, 57% of these attended showings, received 4 applications).
- Unit leased in 10 days.
