Hey, BP! The first time I walked through a 50+ unit apartment building, it was a bit overwhelming. Well, 10 years later (and having attended the School of Hard Knocks), I can tell you the evaluation process is not overwhelming and has become much simpler. I know what is important and not important to look for during these walk-throughs.
During this video, I share three critical areas that I evaluate when I walk through a large apartment building, which include: 1) capital expenditures, 2) repositioning opportunity, and 3) reduction of expenses. I hope you find the video to be helpful as you prepare to walk through large apartment buildings!
Is there anything you’d add to my list?
Leave some comments, and let’s get a convo going!