Residential Success Stories
Challenge: The owner of the apartment complex was self managing the apartments until he chose us. We knew the first year would be spent correcting existing problems. There were multiple delinquent tenants and large number of tenant concessions.
Solution: We successfully evicted delinquent tenants and reduced tenant concessions.
Result: During the second year of management we reduced the cost of delinquent tenants by 63%, reduced tenant concessions by 58% and increased the apartments’ income by 13%.
Challenge: When we began managing the fifty-five unit apartment complex there were ten vacant units.
Solution: Within one month we successfully rented all of the vacant units, without having to use expensive promotional inducements.
Result: A fully rented complex.
Challenge: We began managing the 33 unit apartment complex during an economic downturn.
Solution: We replaced the onsite manager, adjusted the rents to market and offered competitive promotional specials.
Result: Within six months we had successfully rented all of the apartments.
