#289: The 5-Step Value-Add Process We Follow After Buying a Multifamily Property
Manage episode 494571711 series 3302706
Ever feel overwhelmed after closing on a multifamily deal? Not sure where to start—or in what order—to execute your business plan effectively?
In this episode, I break down the five-step value-add process we follow after acquiring a multifamily property to our portfolio. Whether you're self-managing, have your property management firm or working with a third-party team, this framework helps you sequence improvements for maximum impact—operationally and financially.
Join us as we explore:
- The very first thing to address before you even close on the property
- Why tackling deferred maintenance and improving curb appeal should happen before pushing rents
- How to build goodwill with tenants before issuing rent increases or implementing fees
- The most strategic time to renovate and lease units for maximum rent bumps
- The often-overlooked optimization layer that separates average operators from great ones.
Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.
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289 episodes