This deal was sourced off market, secured with conventional financing, and provide the investor a 8.06% cash on cash return.
This deal solidified our theory that in house maintenance company makes sense for our model. Since building the full service offering, our in house maintenance team and associated maintenance savings is consistently one of the top 3 reasons our investors work with us.
Renovating properties while occupied presents a set of challenges, but in this case, we found that the renovation was only 2-3 days per unit and the Residents did not mind. This allowed us to maintain cash flow during renovation and reduce the overall cost of the project.
2 months later we posted the rent increase notices; We had ZERO notices to vacate as every resident felt the increase was justified.
This is another prime example of our management mantra:
Happy Residents = Productive Properties
The eviction process in Washington State has evolved significantly since 2019, particularly for cases involving non-paym...
Sagareus Real Estate is delighted to be highlighted in the Top 20 Picks for Property Management Companies in Bellevue, WA by PropertyManagement.com in...