. = Total sq ft.Then determine your usable sq ft. from the total sq ft. calculation, ideally you want to aim around 74% usable space.

✔️Purchase Price: $1.36MM✔️All capex will be included in a bridge loan✔️Will refinance into FreddieHere’s our plan:✅ Pave the parking lot✅ Build 3 additional units to utilize unused space✅ Perform light interior upgrades and bring rents up to market✅ Implement a flat fee for utilities ✅ Improve outside landscaping✅ Engage a professional property management company team to improve inefficiencies “The path to success is to take massive, determined action.” - Tony Robbins 🔥

It has always been interesting to me that the REI is not a pure supply-demand space because of the influence of the third parties.

Underutilized space is where I have had success.

I need a bigger and badder space for my business.

I bought a new home in Grove Park with the intention of doing a basement conversion ADU and renting out the space traditionally.

If the home has a crawl space, you 'll really get value from a GC.Radon/well/septic are a must if they apply to you.

Last but not least, research your competitors in the space.

Spaces for corporation’s visitorsDesign and place flyers at local establishments like laundry mats, hair salons, nail salons, where we know there’s a lot of foot traffic Purchase ads and place in local news papersPost a listing to craigslist, zillow, realtor.com, apartments.com, rentals.com and other websites Hotpads.com or cozy.co → multiple rental listing platformsPartner w RE agent and advertise on MLSCreate a FB ad to target tenants Create a FB pg for rental business, post weekly content to generate following, and post listingsPay close attention to what is nearby and cater to that audience- colleges, military bases, etc.Provide stellar customer service.

Property management is a very competitive space.