Managed Properties
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| Property Financial Analysis |
| Assess Rent Upside Potential |
| Lease Improvement and Enforcement |
| Aggressive Marketing To 12+ Online/Print Channels |
| Improve Utility Efficiency |
Here is an overview of the properties we manage.
| Total Units Managed: | 101 |
| Locations: | Dewitt, City of Syracuse, North Syracuse, Cazenovia, Auburn |
| Occupany: | 90% (11/1/2008) |
| Type: | 50% single family / 50% multifamily |
| Tenant Focus: | Students, families, single occupants |
| Landlord Focus: | Cash flow investors |
| Landlords From: | New York, California, Illinois, Florida, Texas |
Properties We Helped Clients Acquire and Manage
Example 1: Identified, acquired and managed former bank-owned (REO) property. We changed the roof, changed the siding from cedar to vinyl, finished the basement, re-paved the driveway, sanded and polyurethaned the floor and a lot more. This is now a stable single family with a stable cashflow.
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Example 2: Multifamily with great waterviews. We rehabbed the property, including floor upgrade, exterior refurbishment. As result, we managed to increase the rent roll considerably.
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Example 3: Bank-owned (REO) property. On the exterior, painted the house, changed the roof, added a room to increase rental potential. Inside, we painted, sanded and polyurethaned the floors, changed carpets. It is now a stable single family house with consistent rental income.
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Example 5: We identified, acquired and managed this single family bank-owned (REO) property. Only minor cosmetic work was required, limiting risks associated with the rehab costs.
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Examples of Properties We Did Not Recommend to Clients
Example 1: This bank owned property was a failed rehab, likely influenced by "Flip This House" on TV. The house has been 80% rehabbed. However, there was no parking space and the asking price was too high relative to rental potential. At time of this posting, the price has decrease further from when we first saw it.
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Example 2: This property was too nice relative to rental potential and comparables in the area. It would have been a multi-million dollar house if it were in New York City.
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Example 3: Multifamily in a good location. However, price was too high relative to rental potential.
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