Description

How can apartment owners and managers lift up their residents while still maintaining profitability?

In this episode, Jon Weiskopf and Angel Williams have an insightful discussion about creating mutually beneficial environments for apartment owners, managers, and residents. They explore creative ways to care for residents while still running a successful business.

(00:00 - 03:00) Basic Human Needs in Housing

• Many basic repairs are inexpensive but make a big quality of life difference for residents. A little care and understanding goes a long way.
• There is often reciprocity between how owners treat residents and how residents treat properties.
• Profitability and resident well-being are not at odds. In fact, caring for residents first often leads to better financial outcomes.

Chapter 2: Perceptions Around Low-Income Housing (03:00 - 12:00)

• There are often unfair stereotypes and misconceptions around low-income housing residents.
• Section 8 and assisted housing residents are often model tenants when given a chance.
• Open-mindedness and compassion for all people, regardless of income level, is key.

(12:00 - 15:00) Creativity and Innovation in Multifamily

• Small resident perks like solar power can improve quality of life.
• Expenses like utilities can become income streams with some clever thinking.
• There are always innovations and ideas to explore in apartment ownership.

Quote:

"We want to lift property, we want to lift residents up, so that they are policing themselves. Because once they do that the community starts to expect something better of their community." - Jon Weiskopf

Connect with Jon:

LinkedIn

Website: https://www.blueeyedcapital.com/

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