Why Convert to Multifamilydev_admin2023-04-09T07:02:33+00:00
Why Convert to Multifamily
Investment ROI
Apartments have traditionally provided strong investment returns
Revenue
Annual apartment lease drive more predictable revenue
Cash to Owner
Lower expense model leaves more cash for YOU!
For older hotel, newer hotel builds in market make your property less attractive to travelers
Currently there is a severe shortage of truly affordable housing for working class individuals
Conversion is a simplified and economical way of creating housing
Time to market/lease up is shorter than building new
Lenders more open to finance CapEx costs as Apartment with Better Rates and Terms versus a Hotel
Increase your cash flow of exisiting property
Conversion will immediately increase the value of existing property
For existing owners, this provides you the ability to pull significant equity from your property while still maintaining ownership and strong cashflows
Simplified day to day operations as Apartment versus Hotel
Revenue – consistent tenant base delivers predictable revenue
Lower expense burden due to shift to tenant (Utilities etc.)
