Unit upgrades only pay off if the rent premium shows up and units are not sitting empty too long. Here is how to underwrite that honestly. This video runs about 8 min.
In this video
- Estimating cost per unit
- Renovation downtime and lost rent
- Rent premiums you can actually achieve
- Tenant turnover and the pace of the program
Who it is for
Multifamily owners planning an interior renovation program.
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