Notes

Multifamily Management - Property Presentation (The Eyes Have It)
If one hundred individuals were to operate a vehicle from your property and make up a verbal comment what would they are saying? Would it be positive or negative? When ten people see any sort of accident seldom do every one of the stories fall into line perfectly, however when comparing all the information a pattern does commence to develop. The same is true to get a multifamily property; over a period of time a house not just gains a reputation, but a certain a higher level waiting in a residential district (for better or worse). I'm not discussing marketing or property management- just street level, drive-by, glance through the windshield presentation. What does your premises say to the world that passes through your doorway?
Property presentation is an owners initial visual contact with current and customers. There is just my review here making your way around an un-kept parking zone or peeling paint, over-grown grass or broken window screens. These items are examples of low-cost repairs that should be eliminated as barriers to entry for new tenants and aid in retaining current customers in the multifamily property. There are obviously two things a multifamily property owner never has motor; cash and customers (whether cash for cap ex or variable cost, and customers, regardless of whether 100% occupied, then prospective customers on the waiting list).
There is seldom cash to perform things every one of the time even for property presentation. For starters make a list of items that will increase curb appeal. Then rank these things in terms of costs. Do the stuff that cost the least first and work down the list towards more expensive items. For example, let's say there's rusted surefire gates leading into the courtyard that basically should be replaced. For now, lightly sand and paint them. Example: you'll find over-grown trees in the parking area that you should removed. For now trim it well. Example: you can find thirty exterior lighting fixtures on buildings which can be old and a few no longer work. Find one or two suppliers that possess a long-standing product, buy and install two per month. Start with one of the most visible area's and continue buying two monthly until each one is replaced. There are numerous things a property owner can accomplish to upgrade a site without having to break the financial institution. Example: employ a college age person to pick up the grounds every Saturday for two hours.
When considering your home try to see what your clients see and enquire of yourself if that initial comment can be negative or positive. Work on the negatives, accentuate the positives. All although it is not losing sight of the budget. Just another day at any office. What fun! Growing revenue, that is...
Here's my website: http://www.masonre.com.au/