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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
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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.
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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.
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We keep you in network with local opportunities to enhance your competitive edge.
