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AREI 127: Takeaways From The GoBundance Asset Management Workshop - Part 1

April 23, 2024 Michael & Suzy Season 3 Episode 127
The Adventures of a Real Estate Investor
AREI 127: Takeaways From The GoBundance Asset Management Workshop - Part 1
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The Adventures of a Real Estate Investor
AREI 127: Takeaways From The GoBundance Asset Management Workshop - Part 1
Apr 23, 2024 Season 3 Episode 127
Michael & Suzy

Welcome adventurous family!
 
 In this episode of the Adventures of a Real Estate Investor podcast, we discuss some key takeaways from the GoBundance Asset Management workshop. Tune in as we share tips on How to Never Lose a Resident Again, how to improve communication with residents, and fill vacancies quickly.  Come join us and listen in and unlock the full potential of your multifamily assets!

Key Points:
 

1: The Resident Retention Secret

  • Key Point: Resident retention starts with focusing on the resident experience from day one.

 

2:  Communication is Key

  • Key Point: Regular communication with residents through surveys and resident events helps you identify and address their concerns.

 

3:  Making It Easier to Be a Resident

  • Key Point: Offering convenient amenities like free laundry and eliminating initial pet deposits can make your property more attractive.

 

4:  Scarcity and Speed: Filling Your Units Faster

  • Key Point: Holding open houses and encouraging immediate applications can create a sense of urgency and increase your chances of filling vacancies quickly.

 

5:  The Upsell: Encouraging Residents to Upgrade

  • Key Point: Showing potential residents upgraded units can incentivize them to choose a more expensive option.


 Myth to Bust:  Is Asking for help means you don't know what you're doing especially in asset management?


Adventurous Family Call to Action:

  •  Calling all seasoned asset managers to reach out to us!
  •  Listen to Part 2 of this series for even more resident retention strategies!

  

Tweetable Quotes:
 
 " It's wonderful to have the confidence to know that you can ask a question. And someone might not know the answer either, but they might be able to get you to a person who does."


 
 Explore more. Adventure awaits. 

 

Please subscribe and leave an honest review  - how do you want to create an impact in your world?

 

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn   Invest with us! Start here. GRAB A

👉 Part 2 : 👉 https://www.buzzsprout.com/1777264/14968553

FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

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Show Notes

Welcome adventurous family!
 
 In this episode of the Adventures of a Real Estate Investor podcast, we discuss some key takeaways from the GoBundance Asset Management workshop. Tune in as we share tips on How to Never Lose a Resident Again, how to improve communication with residents, and fill vacancies quickly.  Come join us and listen in and unlock the full potential of your multifamily assets!

Key Points:
 

1: The Resident Retention Secret

  • Key Point: Resident retention starts with focusing on the resident experience from day one.

 

2:  Communication is Key

  • Key Point: Regular communication with residents through surveys and resident events helps you identify and address their concerns.

 

3:  Making It Easier to Be a Resident

  • Key Point: Offering convenient amenities like free laundry and eliminating initial pet deposits can make your property more attractive.

 

4:  Scarcity and Speed: Filling Your Units Faster

  • Key Point: Holding open houses and encouraging immediate applications can create a sense of urgency and increase your chances of filling vacancies quickly.

 

5:  The Upsell: Encouraging Residents to Upgrade

  • Key Point: Showing potential residents upgraded units can incentivize them to choose a more expensive option.


 Myth to Bust:  Is Asking for help means you don't know what you're doing especially in asset management?


Adventurous Family Call to Action:

  •  Calling all seasoned asset managers to reach out to us!
  •  Listen to Part 2 of this series for even more resident retention strategies!

  

Tweetable Quotes:
 
 " It's wonderful to have the confidence to know that you can ask a question. And someone might not know the answer either, but they might be able to get you to a person who does."


 
 Explore more. Adventure awaits. 

 

Please subscribe and leave an honest review  - how do you want to create an impact in your world?

 

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn   Invest with us! Start here. GRAB A

👉 Part 2 : 👉 https://www.buzzsprout.com/1777264/14968553

FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers