Asset Management Consulting
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Do the math:
If an Asset Review by Strategic Residential Advisors at minimal cost identifies an opportunity to either cut expenses by $50 per unit per month or enhance revenues by the same amount, you've just increased your property value by over $9,000 per unit based on a 6.50% rate.
You may have a great property manager, but in the daily grind of leasing, tenant satisfaction, and keeping up with maintenance, it's hard for even the most conscientious site manager or regional manager to take a step back and make strategic changes.
That's our specialty!
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■ Meticulous line-by-line review of the recent operating performance of the property and the current budget is compared against the extensive experience of Strategic Residential Advisors.
■ Detailed assessment of the inherent positive attributes of the property as compared with the primary market comps.
■ Create a Strategic Operating Plan to:
■ Reduce expenses through operating efficiencies, new service contracts, decreased waste, and other efforts.
■ Enhance revenues through new "other income" opportunities, close management of concession programs relative to the market, and other efforts.
■ If the Market Assessment supports a "value-add" approach or if the property is distressed:
■ Implement full re-branding through re-naming, re-designing brochures and advertising, and overhauling signage.
■ Insight to pick and choose which physical renovations will generate the highest return on investment.
■ Craft a customized renovation plan with itemized costs and projected schedule for both exterior/common area items as well as interior/unit items.
■ Contract work and manage to completion.
■ Develop and direct an agressive lease-up marketing campaign.
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