Our business plan services help rental property owners and managers identify and take advantage of opportunities to increase profits in the coming year. Whether your portfolio contains one single family home or several 100 unit apartment complexes, we begin with the basics of business planning outlined in our article Writing A Residential Rental Property Business Plan. We then dive deeper into those concepts as they relate specifically to your property and capabilities, including property analysis, market analysis and competitive position.
Our Planning Process
Developing a business plan requires an understanding of your company, marketplace, competition and capabilities. For rental properties, that means we prepare a market rent analysis to illustrate how your rental property compares to others on the market. Location, amenities and current rent values are collected and compared. We look for differences between properties – gaps – which are opportunities for change that could yield improvements in areas such as shorter vacancy periods, longer tenant retention, lower maintenance costs and higher rents.
Once we understand how your property (or a property you are considering buying) compares to competitors, we focus on the differences to identify specific tasks that can make your property an overall better value for tenants.
We’ll look for opportunities to increase revenues by implementing upgrades while also looking for ways to cut costs. We’ll review previous year’s spending to produce an operating budget for the next year that is tied to specific goals.
If you don’t have one already, we’ll help you design a simple data collection system that does not consume much time to maintain and provides regular feedback on the performance of your property.
The finished draft is delivered in Microsoft Word format with Excel charts and graphs integrated. A reporting system to measure progress against the plan is included.
Pricing and Delivery
See the chart below for prices and delivery times for most planning projects based on the number of units included in the plan.
Terms for all projects are 50% deposit at time of order (non-refundable), with the balance due upon delivery.
In October 2019 we offer holiday discounts for plans to be implemented in 2020:
– 15% off project price if the deposit is received by noon (California time) on October 12, 2019
– 10% off project price if the deposit is received by noon (California time) on October 31, 2019
Discount is applied to final project balance and does not effect deposit amounts shown below.
Pricing and delivery for most standard projects is shown below. Use the online pay feature in the right margin to submit the deposit amount that fits your project.
|1 – 4||$750||$375||15 Days|
|5 – 10||$1,250||$625||15 Days|
|11 – 20||$2,350||$1,175||21 Days|
|21 – 50||$2,850||$1,425||30 Days|
|51+||Call or email||Call or email||Call or email|
Ready to provide property information? Use the form below. See table above for deposits amounts.