Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Contractors
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago,

User Stats

2
Posts
0
Votes
Zachary Quinlan
  • Contractor
  • Denton, TX
0
Votes |
2
Posts

Selling a service to a complex

Zachary Quinlan
  • Contractor
  • Denton, TX
Posted

Hi all,

I am looking to start a company that would really only serve multi unit dwellings (mainly apartments).  The one issue I know I'll face I'm selling the service is this.....  for example a complex has 500 units and obviously would pass the cost along to the tenant since it is primarily a tenant service. Each tenant's lease at various times so starting out the complex would likely have to float closer to 95% of the bill. 

This is not something I envision most complexes going for. The end game and heavy sales points would be that:

-reduces normal operations costs marginally 

-does generate revenue since they will get a fee per unit due to the complex adding to the rent cost and essentially preventing me from having to handle billing.

-improves overall appearance

-provides a service that just about any apartment tenant would be willing to accept. 

I could go on with some other fluff for sales but the first 12 months of service the complex would be stuck with a my invoice roughly 12k a month at first and reducing each month as leases are renewed.

How do apartment complexes handle this, and how can I sell this?

Any and all input is greatly appreciated!

Loading replies...