Two of the most important things to understand before investing in multifamily are the location, and the amenities.

Do you have a multifamily property?

Multiple questions to understand whether or not investing in apartments is the right thing for you.

I have helped thousands of real estate investors generate revenue from their properties.

Two of the most important things to understand before investing in multifamily are the location, and the amenities.

Too often, I run into investors who skip looking to those components. Or refer to amenities as bonuses. We will cover these and how they are VITAL to investor returns.

Just like any investment, the idea behind this post is to ask if multifamily is right for you.

Here are some amenities and value add ideas we know boost our income-

Add to value add SOP (our key part of business plan) (communicate to CM/GC)

1. Rebrand

2. Paint

3. Interior upgrade (c class black appliances b Mixed/ stainless)

4. Vinyl throughout

5. Cabinet pulls

6. Lighting/plumbing fixtures

7. Paint cabinets (get itemized list of cabinets needing full replacement)

8. Resurfacing counters

9. Backsplash (stick on only ok for c)

10. W/d in 2+ bedrooms (3500= $50-75 per month per unit)

11. Fencing pool/bottom units $50-75 premium

12. Rooftop revenue-

13.Solar

14.Antenna/ cell tower

15.Parking revenue

16. Advertising revenue - newsletter and events sponsored by local business

17. Rent to janitorial company increase rent

** Work with Construction management to put dates to these

18- Utility savings -

Low flow toilets,

shower heads,

aerators on faucets,

LED,

Bonus:

***GET A GREEN REPORT -tells you exactly the value creation here to budget for

Which do you do? why?

#crechallenge10