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
8 unit apartment in Laurel, MD renovation project
Project Description
This unit was an efficiency that we converted to a 1 bedroom.
Rent before renovations
$550/month
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
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.
