I provide consulting and specialized asset management services to property owners along the Wasatch Front in Utah (Salt Lake City and beyond) where there are literally tens of thousands of apartments poised to come on-line over the next 2 – 4 years. It’s staggering. Owners, operators, managers and others are focused on the forthcoming sea change of units. As I counsel clients, I strongly urge them to be extremely proactive and focused on resident retention. In the amazing multifamily run up over the past few years in Utah, rental rates (annual double digit rent increases) and occupancy (95%+) made managing and leasing relatively easy. That’s obviously changing. Focus on your residents. Reach out. Engage. The attached addresses this aspect of property management, along with other ‘musts’ required in a changing and far more competitive multifamily landscape.

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.