Hey all, don't know if this is in the right place or not, but just wondering what you all are using for an Elevator Speech to speak with potential equity partners?

They definitely are elevated with more units.

Jen Boyd I think many owners do not spend the necessary time vetting their property manager to know more about them other than listening to the PM's elevator pitch.

But when you start, it's always a good idea.Here is my elevator script for buying apartments:I am an investor in the Knoxville, TN area and I am looking to purchase apartment buildings in your market.

What is the average % of usable space vs. rentable space      like restrooms,  breakrooms, hallways, staircase, elevators ect.  

I don't have flood insurance on any property, elevation is something I always look at, just part of due diligence from being around rivers and lakes.

This is in a city with a 400,000 person 20 mile radius in the midwest, it is predominantly blue collar and military, it is 39 units 9 garagesHere is the one I like most:Efficiency 2 @ $430= $860 Local average $450 1 Bedroom 20 @ $551 = $11,020yr $5502 Bedroom 17 @ $617=$10,489yr $670 +- 3%Laundry Income = $360yrCarports & 9 GaragesLess Vacancy % 4 = $909MONTHLY Income $22,729YEARLY $261,838ExpensesTAXES 2015 $42,300INSURANCE *REPLACEMENT COST $18,700WATER/SEWER $12,223 GAS/ELECTRIC $18,329WASTE $7100MAINTENANCE/ SUPPLIES / CAP IMPROVEMENTS/ ROOF/ GUTTERS/ ELEVATOR $22,7kMANAGEMENT *6% $15,382SNOW/LAWN CARE $2,305LEGAL/MISCELLANEOUS $2,592TOTAL EXPENSES AND % OF INCOME 54% $141,556This is located aross the street from a catholic church and grade school on a semi busy street.

It's the first step in the flood zone analysis, then possibly having to get an elevation certificate.

Does the unit have elevators or just stairs?

I used to house hack my way through investing, elevating the property slightly each time, either by selecting a bigger property, or a nicer area.