IMPLEMENT SECURITY SYSTEMS
PARTNER WITH AN INTERNET PROVIDER
SMALL IMPROVEMENTS GO A LONG WAY
Investing in property security can have a direct impact on rental income and tenant satisfaction. Leveraging technology as opposed to manpower allows for affordable solutions. Consider live remote monitoring to provide security at a lower cost than on-site security, helping to deter crime, reduce liability, and create a safer living environment. Additionally, scalable security solutions can be implemented across multiple properties, enhancing overall value. By improving safety and tenant retention, property owners can justify higher rental rates and strengthen their property’s market appeal.
We added $300K in value to our 68- unit property last year, without raising base rents. How? Simple. We partnered with AltaFiber to provide high-speed internet at a discount to residents, netting $15/unit in additional income every month. Then we layered on valet trash. Tenants loved the convenience, and we captured another $11/unit. That’s over $25K/year in new income, and with a 7% cap rate, it boosted our valuation by more than $300K. Win-win. We always ask: how can we improve our residents’ lives and our bottom line? That’s where the real value-add lies.
Increase your rental unit’s value, and your rental income, without breaking the bank! Start with a fresh coat of neutral, on-trend paint and refresh cabinets with durable paint in modern tones like white or sage. Add peel-and-stick wallpaper for an accent wall, update cabinet hardware and light fixtures, and install peel-and-stick backsplash tiles. Boost appeal with a keyless entry lock, Ring doorbell camera, and smart thermostat. Add high-speed Wi-Fi and create a work-from-home nook. Outside, enhance curb appeal with solar lights, potted plants, and modern house numbers. Great photos will help attract higher-paying tenants!
WE PARTNERED WITH ALTAFIBER TO PROVIDE HIGH-SPEED INTERNET AT A DISCOUNT
REFRESH CABINETS WITH DURABLE PAINT IN MODERN TONES.
CONSIDER LIVE REMOTE MONITORING TO PROVIDE SECURITY AT A LOWER COST.
Eric Schweitzer Vice President Pioneer Monitoring Visit Website
Stacy Conkey Investing Coach Warrior of Wealth Visit Website
Kayla Mahoney Commercial Real Estate Advisor Engle & Volker Connect with Kayla
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