Unit based pricing is the norm in multifamily and I have some opinions about that, but before I voice them, I'd love to see some stats on how much companies are paying per unit per month on average, if you're inclined to share.
Also, if you know of reports or research already done that has some of this information, please share a link in the comments.
I'll make sure to share the results of the poll with the group if it's helpful.
Thanks in advance!
If you have crew bandwidth then 1 unit or 29 units at the same time doesn’t impact timeline. So really depends if you have one guy to throw at the problem or a team on contractors. What you’ve described can be done in 3-4 weeks.
Miles Scruggs one make ready Guy and an assistant to help here and there but work orders high due to previous owners and lack of caring. 30 work orders entered daily. 225 units
I would give them each three to four weeks stagger the projected ready dates. It can depend on if you have help on hand or if you need to contract stuff out.
I don’t know where you are but I’m in south Texas. Summer has already hit (heat-wise) and it’s getting very busy work order and unit turn-wise, on top of the A/C calls. School is almost out, the pool needs to be ready by this weekend (if not already) and the leasing staff is pulling out all the stops to get heads on beds. Can you commit to turning two down units a week on top of everything else? Six weeks minimum!
Geeze! It would save money on vacancy loss/ loss to lease to contract it all out and have them ready in 3 weeks. That is gonna take no less than 3 months. You have to plan for the unexpected which will cause delays. I hope your owners reconsider just knocking it out with a contractor/ vendor so your crew can ensure retention