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Updated over 8 years ago,
Adding value to a distressed multi-unit
Hey guys/gals,
I’m looking for additional ideas for “value add items” for apartment complexes please. (Basically items where one can add value to the complex which are currently not being done at the complex).
Here is what I have so far:
- property updates / repairs
- fast, friendly customer service and management
- modernizing through tech (online payments, CC payments, (thanks Jake and Gino for the tip)
- asking tenants what they would like to see more of (perhaps any current multiunit owners can send a mailer to their current tenants asking how they would like the see the property improved!) =)
- increased parking
- shaded parking
- landscaping and upkeep of landscaping
Any others?
Cheers!
PS: My partner and I are looking for more brokers, rehabbers, private money investors, mortgage brokers who specialize in multifamily units in Southern California. Please connect me with on BP. Thanks!