E82: Jim Monk - His closet system is a Value-Add Amenity!
True Multifamily
English - August 04, 2021 20:24 - 40 minutes - 37.4 MB - ★★★★★ - 22 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Jim Monk of CLOZZITS joins True Multifamily to talk about how they design closets that boost revenue. He shares how it’s a huge differentiator in the multifamily competition to install closets that not only increases revenue but also closets that residents like. He mentions how the residents of today are not only looking for a place to live in but also looking for resort-type amenities, retiring the old utilitarian closet and upgrading it to an experience that boosts the asset value of the property.
He also talks about the uniformity and uniqueness of the closet experience that beats the competition, whether you’re in a Class B or Class C type asset, and how it’s cheaper than the usual renovations that owners do to increase the value of the property.
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