When purchasing or selling an apartment community what is the best way to lease them up ASAP?

Distressed apartment community with approximately 30 percent vacancy.
In Buying Property - Asked by Robert M. - Feb 15, 2011
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Answer(s)

Rob B.
Chandler, AZ

Robert....There is only one answer that I can consider giving for this question. That answer is: Get yourself a good leasing and property management company. For apartments this company should be one and the same. A good company can be involved with you all the way from purchase consideration to final sale, even if years later. Good luck Robert....Rob Baird, CA RE License #544165 (One of the oldest, active licenses in CA) 951 515-5855 Email: rob@capratecommercial.com

Feb 15, 2011
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Jon D.
New York, NY

Use www.apartmentleasingexperts.com They help distressed and other apartments and condo properties get to 100% occupancy fast. Last year they had a project where they leased over 230 units in less than 25 days. They have leased nationwide for my clients for the past 5 years. They are professional and very good at what they do! Florida based with nationwide service.

Feb 15, 2011
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Jesusita C.
Property/Asset Manager
Norwalk, CA

Advertise in multipe free websites. I was successful in filling up 1 bedroom apartments for a 40 unit apartment complex in Gardena, CA. After one year of consisitently leasing the units, the owner sold the apartment complex. In addition, another apartment building in Long Beach, CA. Call me or email me for any questions! Jesusita Chavez, Property Management, Property Owner and Real Estate Sales Agent, 562-299-3625, jesusitachavez@verizon.net

Feb 18, 2011
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JeFreda B.
Broker/Agent
Birmingham, AL

Offer some type of incentives to the renters. People love to see "First Month Free". Offering online payment for rent and online maintenance requests are good as well. When I was looking for an apartment years ago, I looked for apartments that were either new or had been renovated within the past 3-5 years, had good reviews from current tenants, had great amenities, and did not have outrageous fees.

Mar 24, 2011
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Will B.
Broker/Agent
Austin, TX

Get a management company & offer commissions to apartment locators.

May 9, 2011
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