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| Multi-Family
Property |
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| Our original apartment
locating service, was founded for the purpose of creating
a significant resource of quality tenants to enable
us to increase the value of multi-family property. Since
the property's value is determined by its cash flow,
by affecting that property's cash flow you dramatically
affect its value. Our expertise in the rental business
and our access to an ongoing supply of renters enables
us to fill vacancies quickly and thus raise the market
value of rental properties. We offer valuable solutions
for multi-family properties including special programs
for small to midsize properties (8-100 units).
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| Why
Multi-Family Property |
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| Multi-family properties
offer investors advantages over other types of real
estate and remain a more stable investment. Three important
factors account for this: |
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1. |
They are less dependent
on business cycles for occupancy than other
types of real estate investments. It doesn't
matter if interest rates and home prices
are high or low, apartments are generally
more affordable. |
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Apartments have shorter
leases; thereby offering greater protection
from inflation than the long-term leases
associated with other properties. That is,
rents ca be negotiated more frequently. |
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The pool of tenants is
much greater for apartments than other types
of properties. This ensures a more consistent
occupancy than industrial and commercial
properties, which usually have only a few
tenants to choose from. |
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| Rent Solutions'
Advantages |
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| Rent Solutions' greatest
strengths are our ability to fill vacancies, to train
managers and staff for optimum performance, and to custom
design a comprehensive plan to convert a property from
an under-performing money drain into a top-performing
cash machine. We can find tenants for whom a smaller
community is preferable. We can assume the role of property
managers or sub-contract the service out. We are able
to slash the property's advertising budget, since we
only get paid when we produce results. |
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| Increase
the Property Value |
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| The higher the occupancy
rate, the more attractive a property appears to a prospective
buyer. It is much easier to sell a property when it
is 99% occupied versus 75% of capacity. The higher the
percentage of occupancy, the higher the rents can be
set. This results in a higher cap rate and a correspondingly
higher valuation of the property. Apartments, condos
and other investment property can be targeted for massive
action and exposure. This could even be done on a property
under contract prior to purchase to help facilitate
financing or make the property more productive. Target
property criteria include: |
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Properties with
high vacancies |
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Properties with rents
set too low |
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Properties with poor
or inexperienced management
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Properties fitting a specific
buyer's purchase criteria |
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| The Right
Size Offering the Greatest
Profit Potential |
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| We believe an opportunity
exists for investing or brokering small to mid-sized
apartment communities (8-100 units)
due to several reasons: |
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They generally are not considered
acquisition targets of institutional investors. |
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They are typically not managed
by the larger or more sophisticated property management
companies. |
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They frequently have absentee
or inexperienced landlords, and can not afford
on-site maintenance or management. |
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They find it difficult to compete
with the big properties on amenities offered. |
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These properties can generally
benefit the most from rental locator and performance
consulting services. |
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We can significantly impact
that property’s occupancy and, therefore,
its value. |
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Single-family houses typically
have greater competition and property management
problems. |
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| Smaller apartment
communities (8-100 units) also have fewer buyers to
compete with for the purchase. Institutional Investors
tend to focus on properties with 100 units or more.
The average investor generally would lack the sophistication
to purchase apartments with 8 units or more. |
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| Performance
Consulting |
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| We have successfully
offered consulting services to apartment communities
that increase traffic, fill vacancies and improve profitability.
Performance consulting is the process of analyzing a
community to determine its strengths and weaknesses.
Upon completion of our analysis, we provide the community
with a plan of action and work with the community to
ensure that its goals are met. Our fees generally include
an initial consulting fee and may also include an increased
referral fee or performance bonus. The plan of action
may include any or all of the following: |
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Market information and analysis
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Property audits |
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Provide information on target
and sources of residents |
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Develop staff training systems
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Increase exposure and communication
through Rent Solutions |
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Provide marketing suggestions
and assistance |
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Provide public relations suggestions
and assistance |
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Provide alternative leasing
programs |
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| Specialty
Contract Leasing |
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| We partner with Ellis
Consulting Group to provide an apartment community with
a full-time, high-energy leasing professional whose
only goal is to fill the property with qualified, stable
residents. We create a marketing and advertising plan
to meet your community’s occupancy requirements
supporting the lease-up and our leasing professional.
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