Case Study #4 - Multifamily Property management

When we took over management of a 50+ unit apartment building, we quickly uncovered critical issues that were holding the property back:

• Major infrastructure failure: A significant, ongoing leak in the crawl space was threatening the property’s foundation and long-term viability.
• Low occupancy rates: At less than 80% occupied, the property was underperforming in a competitive market.

What We Did Differently:

1. Swift Infrastructure Repairs
   
   Within one week of takeover, we identified and resolved the crawl space leak, preventing costly future repairs and improving the property’s safety and sustainability.
2. Focused Leasing Efforts
   
   
   • Assigned a dedicated full-time leasing agent and property manager to focus exclusively on the community.
   • Installed high-impact banners and signage promoting the property’s unique benefits compared to competitors in the area.

The Results:

In just two months under our management:

• The property achieved 95% occupancy, creating stable and increased cash flow for ownership.
• The community was revitalized, regaining its competitive edge in the local market.

Are you facing challenges with your multifamily property? Let us turn it around. Contact hello Management today to see what we can do for you.

Levi Weber

970-417-6691