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Multifamily
Student Housing | Affordable - LITCH - Income Restricted | Active Adult | Conventional | Senior Living | Townhomes | Ultralux Highrise & Midrise | Duplex
LITCH - Affordable - Income Restricted
We are dedicated to supporting Affordable Housing Communities by organizing purposeful events that enrich the resident experience, bridge resource gaps, and simplify administrative tasks. Our in-house compliance team assists with delayed recertifications, final packet close-outs, and compliance audits, ensuring your property continues to perform at its best.
Vacancy Cost Can Include:
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Lost rental income: The property isn't earning money while it's vacant.
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Insurance: Insurance coverage is still required for vacant properties.
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HOA/condo fees: These fees are still payable on empty units.
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Maintenance and security: Landscaping and measures to protect the property from damage and crime.
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Opportunity cost: What you could have done if capital was earned due to being rented.
Challenges can consume resources and attention, making it harder to scale operations effectively
Performance Challenges Cost You More Than VACANTS
Performance Challenges Can Cost you:
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Your Reputation: Word of mouth is the fastest way to go viral in your community. Underperforming communities tend to have a horrible review rating.
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Resident Retention: You want to remain a 50%+ retention rate. Renewals keep turnover, marketing, and operational cost low.
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Property Value: Often times properties look the way they are performing effecting profitability and community interest.
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Scalability: A property struggling with issues may deter potential investors or partners, limiting your ability to expand your portfolio.
Market Research - Competitive Edge - Cross Networking
The reality is, you might be missing out on key opportunities in your market. Our in-house market research analysts study market trends, economic demographics, and gather insights on what renters truly want. We understand the day-to-day apartment operations, so we handle the research for you and deliver actionable results, helping you capitalize on our findings.
We keep you in network with local opportunities to enhance your competitive edge.
