UPGRADE BASED ON COMPS & TAX BENEFITS
IMPROVE OUTDOOR SPACES
PROVIDE TOP-NOTCH MAINTENANCE
Summer is the perfect time to boost your property’s value and increase rent. Focus on outdoor spaces by upgrading patios, adding seating areas, or installing string lights for a welcoming vibe. Well- maintained landscaping, fresh mulch, and vibrant flowers instantly enhance curb appeal. Consider adding bike racks, fire pits, or grilling stations to attract tenants who love the outdoors. If space allows, offer private balconies or fenced yards. A well- designed outdoor experience increases demand, allowing you to charge premium rents this season.
Spring and summer are peak leasing seasons. Start with exterior upgrades to boost curb appeal and attract tenants. Then, compare interiors to similar properties within a 1–3-mile radius, matching size and vintage (don’t compare a 1970s asset to 2020 builds). Target a 15–25% ROI on upgrades. All improvements are tax-deductible capital expenses, but bonus depreciation is limited—only 40% in 2025. Plan smart, invest based on real comps, and grow your rents the right way.
Before raising rents, ensure maintenance is top-notch and follow- up is flawless. Residents won’t pay premium prices for broken A/C, unanswered requests, or “we’ll get to it” excuses. Charging top dollar requires delivering top-tier service, fast fixes, real communication, and a living experience that matches the price. Breakfast on the go won’t make up for a leaky sink. Step up the service before cashing in.
ALL IMPROVEMENTS ARE TAX- DEDUCTIBLE, BUT BONUS DEPRECIATION IS LIMITED.
A WELL-DESIGNED OUTDOOR EXPERIENCE INCREASES DEMAND.
STEP UP THE SERVICE BEFORE CASHING IN.
Jason Malabute Principal Malabute & Co., CPAs Visit Website
Ashley Wilson Multifamily Mentor Co-Founder of Apartment Addicts Connect with Ashley
Tara Samuels Founder and CEO Multifamily Mentor Matchmaking Connect with Tara
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