Lowered energy expenses by insulating sink boiler pipes for even heating, and optimized the sink boiler to run more efficiently.
Added 3 sets of coin-operated laundry, while beefing up security to laundry room.
previous condition
Multiple tenant problems.
Subpar property management.
challenges & setbacks
With the big increase of unit remodelings to manage, we piloted our first internal General Contractors to expand our crew internally.
Optimizing cost efficiencies, turning around and stabilizing the units took us some time, but Yocum is now seeing a much higher net operating income.
Our first apartment building also came with a new set of underwriting challenges. It was a good learning process, and we’re now on our way to more apartment buildings!
