Episode 22: He adds parking and storage to add value to tenants and the property!

Mike Bonadies comes back for the third time to the True Multifamily Show to talk about unique and creative value add strategies. He specifically lays out more ways to add value and increase the revenue on your assets while losing financial stress. Mike talks about looking into electricity and storage as a creative way to add value, increase revenue, and solve more challenges.

Mike does not only add value to his bottom line but also adds value to his tenants into cost savings. He shares a couple of real win-win programs for the tenants to save more money and minimize expenses. He also talks about the challenge and stigma of working with tenants to discuss the ways to save more money and how highly beneficial the tenants understand the difference between commercial and residential electric.

He also discusses storage and its importance to adding value. He provides examples and numbers for you to know more how to utilize storage to the max. In addition to storage, he states that parking is a huge premium.