Why How to Choose Right Property
What is the right property?
- A class-newer properties built with last 15 years, no little deference and maintenance
- B class- built in last 15-30 years, some deferred maintenance
- C class- built 30+ years, outdated 1970’s 1980’s products, usually monthly deferred maintenance
- We look for the sweet spot – best value for your buck b & C Class
- Nearby comps are over 90% occupied and have higher rents.
- Over 85% occupied-stabilized
- Good bones with minimal deferred maintenance
- Strong current cash-flow
- Potential to reduce expense increase revenue and/or improve existing property management
