value added?

[Abou C.]

I know its case by case but for the sake of of this post, but what added value have some of you add? to increase rent or other factor that increases the bottom line?. And what would you recommend for first the buyer?.

[Mike Giudici]

Increasing Income:

Adding carports

Adding laundry facilities

Onsite storage

Partnering with cable/ internet providers for revenue sharing opportunities

Improve leasing

Collect outstanding receivables

Upgrading the units and adding amenities to common areas will command higher rents, etc.

Decreasing Expenses:

Rebid all service contracts

Rebid insurance

Appeal taxes

Review staffing

Preventative maintenance where needed

Upgrading heating and cooling systems

Upgrading lighting systems

Adding insulation

There are many ways to add value to a property, these are a just a few