Episode 130 - Takeaways From The GoBudance Asset Management Workshop - Part 4 Artwork

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The Adventures of a Real Estate Investor

Episode 130 - Takeaways From The GoBudance Asset Management Workshop - Part 4

June 04, 2024 • Michael & Suzy • Season 3 • Episode 130

Welcome adventurous family!

In this episode, we wrap up our four-part series on the asset management workshop. We delve into the world of leases and leasing strategies, exploring the roles of property managers and leasing agents, the benefits of automated leasing systems, and clever ways to leverage lease audits for resident acquisition. We also discuss the importance of crafting strong lease clauses to protect yourself and your property, emphasizing the value of a proactive approach to asset management. Come join us and listen in and unlock the full potential of your multifamily assets!

Key Points:

Property Managers vs. Leasing Agents (Focuses on the roles and when to leverage a leasing agent)
The Power of Automated Leasing Agents (Discusses benefits and data management)
Lease Audits for Strategic Resident Acquisition (Explores targeting ideal residents)
Must-Have Lease Clauses for Property Protection (Highlights housekeeping clauses and early termination)

Key Learnings:

Leverage leasing agents during peak leasing periods or when lacking staff bandwidth.
Automated leasing agents capture missed calls and qualify leads, maximizing efficiency.
Analyze lease data to identify preferred resident employers for targeted marketing.
Include housekeeping clauses and early termination options in leases to safeguard your property.

Adventurous Actionable Tip:

Review your leases and consider incorporating clauses to protect your property and ensure resident accountability.

Tweetable Quotes:

" You rather have a resident terminate early and have their apartment be perfect, were you don't have to do anything. Rather than have somebody stay for the whole entire 12 months and have to redo their entire apartment because the housekeeping was so bad."

Explore more. Adventure awaits.

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