1,598 Speed to Market

Welcome to today's episode of the Multifamily Collective, where we dive deep into the critical concept of speed to market in multifamily renovations.

Join us as we explore:

A Brief Journey from Acquisition to Renovation: Unveiling the process from buying a community to executing renovation plans, especially in value-add spaces.

Scoping and Bidding: The art of balancing market demands with renovation budgets to avoid over-improving or under-improving your units.

The Numbers Game: Making the math work is just the start. We discuss why this is essential but not the sole focus.

The Essence of Speed to Market: From the day renovations begin to the moment a resident moves in, discover why reducing this timeframe is crucial for success.

Avoiding Value Burn: Every day of vacancy during renovations equals dollars lost. We talk about strategies to minimize this and optimize overall community value.

Collaborating for Success: Techniques for aligning contractors and stakeholders with your project's pace through innovative contract designs and performance-based incentives.

Beyond the Units: The importance of speed to market in enhancing common areas and the overall community experience.
2024 Focus: Why speed to market remains a key factor in maximizing renovation projects in the current year and beyond.

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