SA208 | Increasing NOI For Multifamily By Installing Closet Systems with Jim Monk
Episode description
Building more space for residence is a bigger problem than most owners realize, especially tenants who expect a one-of-a-kind living experience with resort-style facilities. In this episode, Jim Monk discusses changing the way owners and investors look at the closet, resulting in an immediate rent increase.
Key Takeaways To Listen For
- Finding a unique business idea
- Importance of renovating closet to increase the market value
- Targeting the right market
- Focusing on large-scale markets
- Financing program and its exit strategies
- Utilizing omnichannel strategy
- Unwrapping more opportunities
- Learning from the experts
Resources Mentioned In This Episode
Katerra
About Jim Monk
Jim Monk is the President of CLOZZITS. CLOZZITS has developed a program to increase rents by 3%-5% while improving the Net Operating Income (NOI) and Asset Value. All without multifamily owners laying out much capital. His goal is to differentiate beyond the normal amenities and tap into a new area of construction development, renovations, and property management.
Connect with Jim
- Website: CLOZZITS
- Email: jmonk@clozzits.com
- LinkedIn: CLOZZITS
- Facebook: CLOZZITS
- Twitter: CLOZZITS
To Connect With Us
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