Increasing vacancy often means keeping rents low and offering concessions.And while you will sometimes see "merchant builder" developers self manage with their lean team to just get a deal ready to sell, this deal is managed by Willow Bridge, who manages 180,000 units.  

What ROI are you projecting?

Hey Tom I have a lot of experience here in Pinellas County, currently managing about 65 units.I would recommend staying out of Tarpon as they are strict 30 night minimum rental, and the demand is not as high as Clearwater/St Pete which also have 30 night minimums. 

The idea is to truly be an INVESTMENT manager instead of just a half assed “property manager” collecting rent.

I live in Texas but the company I'm with invests in Florida a ton, we have an Area Manager that lives in Sarasota that would definitely like to get out to some meet ups.

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

The management company that I use insures tenants that they place that meet this criterion (also a minimum credit score, etc.).

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

I understand this is the way syndication works with multifamily properties because the operations are generally only a few people, however, in senior living, the operations are much larger and more litigious because we are providing 24-hour care, medication management, meals, transportation, activities, etc. 

I've worked on private RE deals at hedge funds, I'm currently developing 2 projects, each 18 unit workforce MF's, and buying a property at foreclosure auction.