Updated over 1 year ago on . Most recent reply
Looking to fill 30+ units in a newly renovated building in a short period of time
I have a property that is in the middle of being renovated. There will be 30+ units (80% 1BR and 20% studios) that need to be filled when renovations are completed. What is the best way to get them filled quickly?
The property is located in a business district and does not have residential district restrictions, so I think STR is allowable to some extent. I also considered doing a master lease. Open to ideas and collaborating on this!
Most Popular Reply
#3 Classifieds Contributor
- Real Estate Agent
- Metro Detroit
- 3,068
- Votes |
- 4,737
- Posts
#3 Classifieds Contributor
- Real Estate Agent
- Metro Detroit
@Jason L. start advertising NOW to gauge interest. You can play with pricing to see how it affects demand, so you have a better idea of the quality of prospects and how many you get at different price points.
You could also then modify your ad to identify a target MoveIn date and start accepting & processing applications. How nice would it be to have X number of tenants ready to move in as soon as the units were ready?
- Michael Smythe
