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david-atkins · 2 years
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Why Pursue Real Estate Asset Repositioning
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The CEO of Alexander Forrest Investments in Columbia, Missouri, David Atkins specializes in family property management and commercial retail property management. Under the leadership of David Forrest Atkins, the Columbia, Missouri, firm identifies apartment complexes that can benefit from asset repositioning, among other things. When a property starts to underperform in the real estate market or gets too old, owners and managers often reposition. Asset repositioning is the strategic use of renovations to change the property’s place in the real estate marketplace. Real estate asset repositioning (REAP) goes beyond getting new fixtures, paint, or flooring. REAP can range from upgrades designed to modernize a building to a complete structural overhaul that changes the purpose of the building. A “green” building is more marketable than an old structure lacking environmentally conscious fixtures and attributes. A repositioned property will reap energy efficiencies available in newly constructed or modern buildings. Property owners also can benefit from tax deductions and financial incentives from the government and public utilities for installing energy efficiency solutions such as air quality monitoring, low-flow plumbing fixtures, and high-efficiency lighting.
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david-atkins · 3 years
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Cleaning Units & Giving Notification Moving Out
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A business leader in Columbia, Missouri, David Forrest Atkins has led Alexander Forrest Investments for more than 30 years and driven more than $200 million in commercial and residential property transactions nationwide. David Atkins’ Columbia, Missouri company manages numerous apartment communities near colleges and emphasizes the importance of planning summer move-outs. When moving out of an apartment, one basic expectation is to leave it in the same condition as it was when the tenant first moved in. Failure to clean the space and get it into good condition for the next tenants can result in renters having a portion, or all, of their security deposit, withheld. If the issue at hand requires too much work to fit into a busy academic and professional schedule, consider hiring a local cleaning service to help with the cleaning. Remember to take pictures of the completed clean-up after move out, as this can be an essential reference point in cases where the condition of the unit becomes an area of contention. At the same time, schedule a walkthrough with the landlord or manager if any apartment condition issues need to be actively communicated. Finally, don’t neglect to provide notice, as defined in the rental contract. This is an eligibility prerequisite for having the security deposit returned.
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david-atkins · 3 years
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Three Strategies to Boost Lease Traffic
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As CEO of Alexander Forrest Investments, David Atkins guides the company’s asset acquisition, financing, and development projects. Located in Columbia, Missouri, the company focuses on multi-family properties. David Atkins oversees all company operations including its leasing services. Property owners looking to secure their next lease can boost asset performance and occupancy by implementing three main strategies: Go online: investing in online advertisements can enhance listing visibility and generate leasing traffic. Posting advertisements on online sources such as Facebook can attract more consumers. Follow up: guest cards can serve as a promising initial point of contact. Real estate teams must respond and follow up with guest cards as soon as possible to engage potential tenants and capitalize on their interest in the property. Maximize curb appeal: a good first impression can go a long way. Installing flowerpots, adding a new coat of paint, and keeping all property areas clean are strategies to maximize curb appeal. This will not only attract potential new tenants but can also encourage old ones to renew their lease.
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