At Eastside Equities C Class stands for Clean, Cute and Comfortable. Prior to investing we created and utilize the 4 C’s principal below.
We engage in boots on the ground local market research. It's easy to look up rental rates online in any given market but there is no substitute for driving local markets. This tells us what's really going, who lives in the area, how the area is maintained, crime, etc. Also for some additional clarity we believe it's a good idea to talk to neighbors personally. tend to appear in better condition over a longer period of time particularly when it comes to replacing stoves.
Once we have full scope of market rents in hand we always like to tour comparable apartments being offered. Here we gain a much clearer picture of how we match up pre and post renovation. This is an important step in our effort to accurately preparing budgets, price modeling and projecting returns.
Once we have a clear understanding of what neighboring properties are offering at their specific rental rate we create our budget and price models. This is where we gain an edge when it comes to attracting leads and winning with consumers.
We gain a clear understanding of what is being offered to the consumer. Understanding what is being offered with the right mind set of what we plan to bring to the table is the key to understanding how to win. Our philosophy is C class stands for clean, cute and comfortable. We do our very best to have luxury meet affordable. Providing a superior product at a similar price will always win consumers.
