SA208 | Increasing NOI For Multifamily By Installing Closet Systems with Jim Monk

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 ForFinding a unique business ideaImportance of renovating closet to increase the market valueTargeting the right marketFocusing on large-scale marketsFinancing program and its exit strategiesUtilizing omnichannel strategy  Unwrapping more opportunities Learning from the expertsResources Mentioned In This EpisodeKaterraAbout Jim MonkJim 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 JimWebsite: CLOZZITS Email: [email protected] LinkedIn: CLOZZITSFacebook: CLOZZITSTwitter: CLOZZITSTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.