Multi Family Value add list

[Dennis Williams]

Hello BP members!! Just wanted to start this forum for new and seasoned multi-family investors. Base on your experience, what value adds do you look for when evaluating a multi-family property?

For example (try  not to repeat the items listed below):

- Laundry room or add washer/dryer in each unit

- New roof

- Individually meter each unit electric/water

- Add small park

- Update curb appeal to include paint.

- Add small workout gym to leasing office

- Update pool area with pavers and outdoor furniture

-- List yours below --

[Hadar Orkibi]

Some of the Items you mentioned are good way to add value, but are not key factors.

Main key factors i can think of right now are:

1. Clean up the property.

2. Change the tenant base.

3. Increase rents - this is probably the easiest and #1 factor. if you fined an under rented property and have the opportunity to increase rent you are on winner.