Underperforming Real Estate
Buying underperforming real estate and improving the management is a common goal of all investors, and it is ours as well. However, every investor should keep in mind there are a limited number of properly priced underperforming assets; there are many well- managed successful projects that have a very good future. Therefore, we will be looking for good quality properties, both underperforming and well-managed.
Maximizing Market Potential
Markets are constantly changing. Our goal is to rapidly adjust to the marketplace to maximize the potential revenue. This is where the unique characteristics of storage and manufactured housing are so valuable. Every tenant is subject to a month to month lease, so rents can be adjusted monthly. Changes of just a few dollars are insignificant to most customers, but can have a huge impact on occupancy and revenue when thousands of tenants are involved.
Refinancing
Yields can be increased if the properties are refinanced quickly and a portion of the equity is returned to the investor. Our goal is to return a substantial portion of the equity investment within a 3-5 year period from the initial investment into a specific asset. Unlike most forms of real estate which have long term leases and relatively slow turnover, self storage leases are short term and allow for rapid turnover. During periods of strong demand, it is possible to implement increases in rental rates which can lead to higher property value. This, in turn, makes the recapture of the equity investment possible.
We believe our long time experience in the industry and a thorough understanding of how to add value will serve our investors well.
Jamie Smith is an avid real estate investor with over 12 years of experience investing in MHCs, single family residential and storage units. Mrs. Smith is the co-manager of multiple investment funds, which specialize in investing in MHCs.
Ryan Smith brings with him more than fifteen years of business experience in market evaluation, property analysis, management systems, due diligence and investor relations. Mr. Smith is the co-manager of multiple investment funds, which specialize in investing in MHCs.