Episode 86: He split units in half for a 45% rent increase!
In this episode, Kent Ritter of the Ritter on Real Estate podcast joins True Multifamily to share how he plans to deconvert his 110-unit with half studios and half two bedrooms into all studios. After getting a better understanding of the market and seeing the demand, he realized that converting the whole property to all studios will drive up revenue and really add more value to his tenants and investors.
Kent also shares the difference between an asset manager and a property manager. He goes into detail into the key performance indicators he focuses on and the technology they are using to improve the lives of their residents and staff.
