Unlock the Secret Return on Investment 15 Oct 2018 - Investment Tips
This week, we were requested to help an apartment owner rent out a unit whose current property manager has been struggling to find a tenant for more than two weeks. When we inspected the property, we found that the carpet has deteriorated to such a state that even an elegant and well located property seemed extremely unattractive to tenants.
We immediately made several phone calls and got several quotes for carpet replacement. We then called the owners up and advised that we would secure a tenant for an additional $50 per week over the price their current agency was advertising the property, as long as the owners replaced the carpets for the new tenants.
Within 2 days, we managed to “fix” what seemed to be the issue with the property and secured a quality tenant, paying the increased rent, to move in immediately, and thus eliminating the vacancy rate, and increasing the value of the property, all of that by identifying the unit’s needs and investing in new carpets.
For this reason we would like to ask you these questions?
Is your current property manager taking the initiative to unlock the secret return on investment?
Is your property manager making the difficult phone calls to you, advising you of the real situation on the ground, AND proposing a plan of attack so as to reduce your vacancy and yet at the same time making a recommendation that increases the value of your property?
At Nuvaq, we are passionate in caring for your property, we are resourceful and we are zealous in exceeding your expectations.
Contact the team at Nuvaq now for an appraisal of your property by sending your name and the property address to us and see if we can unlock the secret return on investment for you!