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Jay Helms
  • Rental Property Investor
  • Gulf Breeze, FL
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Changing Small Community Perception of Apartment Complex

Jay Helms
  • Rental Property Investor
  • Gulf Breeze, FL
Posted Feb 9 2018, 05:27

And when I say small community, not that small, there are actually TWO red lights :)

We're looking a small apartment complex that will be a turn around project. Sitting at 50% occupancy, current ownership is a retiring landlord, lost interest years ago. Spending some time in the community, the feedback we've received is "you don't want to live over there" ... "that's a bad place". 

Now looking at Trulia AND being familiar with the area, crime rate is extremely low and we're convinced we have a community perception problem. 

Below is a list of our ideas to change the community's perception:

  • Exterior Renovations:  paint & trim out the buildings, repave the parking lot, new signage
  • New Ownership / New Management signs on the property
  • Interior Renovations: newly remodeled units and remodeled laundry facility
  • Have the local newspaper publish a story on our turn around project
  • Provide a couple units to local sheriff deputies who will drive their police cruisers home

What are some other ideas you've incorporated to change a community's perception of a certain property?

Should we consider implementing:

  • a security camera system?
  • Gated access?
  • Block party to invite the community?

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