Rent Solutions’ Advantages

Rent Solutions’ greatest strengths are our ability to fill vacancies, to train managers and staff for optimum performance, and to custom design a comprehensive plan to convert a property from an under-performing money drain into a top-performing cash machine. We can find tenants for whom a smaller community is preferable. We can assume the role of property managers or sub-contract the service out. We are able to slash the property’s advertising budget, since we only get paid when we produce results.

Increase the Property Value

The higher the occupancy rate, the more attractive a property appears to a prospective buyer. It is much easier to sell a property when it is 99% occupied versus 75% of capacity. The higher the percentage of occupancy, the higher the rents can be set. This results in a higher cap rate and a correspondingly higher valuation of the property. Apartments, condos and other investment property can be targeted for massive action and exposure. This could even be done on a property under contract prior to purchase to help facilitate financing or make the property more productive. Target property criteria include:

• Properties with high vacancies
• Properties with rents set too low
• Properties with poor or inexperienced management
• Properties fitting a specific buyer’s purchase criteria

The Right Size Offering the Greatest Profit Potential

We believe an opportunity exists for investing or brokering small to mid-sized apartment communities (8-100 units) due to several reasons:

• They generally are not considered acquisition targets of institutional investors.
• They are typically not managed by the larger or more sophisticated property management companies.
• They frequently have absentee or inexperienced landlords, and cannot afford on-site maintenance or management.
• They find it difficult to compete with the big properties on amenities offered.
• These properties can generally benefit the most from rental locator and performance consulting services.
• We can significantly impact that property’s occupancy and, therefore, its value.
• Single-family houses typically have greater competition and property management problems.

Smaller apartment communities (8-100 units) also have fewer buyers to compete with for the purchase. Institutional Investors tend to focus on properties with 100 units or more. The average investor generally would lack the sophistication to purchase apartments with 8 units or more.

Performance Consulting

We have successfully offered consulting services to apartment communities that increase traffic, fill vacancies and improve profitability. Performance consulting is the process of analyzing a community to determine its strengths and weaknesses. Upon completion of our analysis, we provide the community with a plan of action and work with the community to ensure that its goals are met. Our fees generally include an initial consulting fee and may also include an increased referral fee or performance bonus. The plan of action may include any or all of the following:

• Market information and analysis
• Property audits
• Provide information on target and sources of residents
• Develop staff training systems
• Increase exposure and communication through Rent Solutions
• Provide marketing suggestions and assistance
• Provide public relations suggestions and assistance
• Provide alternative leasing programs

Specialty Contract Leasing

We partner with Ellis Consulting Group to provide an apartment community with a full-time, high-energy leasing professional whose only goal is to fill the property with qualified, stable residents. We create a marketing and advertising plan to meet your community’s occupancy requirements supporting the lease-up and our leasing professional.