We also want to lease if your property is perfect for our business model. It's a lease to own, but it's not necessary. We require a 10-year minimum lease because of the amount of build-out we plan to do (Tenant Improvements). Our tenancy will provide the property immediate increase in value and continuous reinvestment throughout the years. This can be confirmed by ANY of our previous landlords.
Unlike a restaurant that does not have stable operating income until several months, our plan will show how revenue will be generated immediately upon moving in. Marketing is critical in our business, and we are very successful.
We pay about 2 to 3 months of rent value towards the Security Deposit. We cover the broker's fee, upfront work the owner may propose, NO COSTS for the owner, and even a notarized affidavit guaranteeing no cost will incur to the owner, even in a worst-case scenario. We acquire a Certificate of Liability Insurance with $1,000,000 protection per occurrence and $2,000,000 per aggregate minimum on all new properties.
We will only invest what we can handle. For example, if we propose to do $40,000 in Tenant Improvements, we have the financial backing to complete the project. We will not get to $20,000 and determine we cannot finish. Our estimate includes city and county permits to be built to code.
We consider the properties we choose to be Flexible Spaces because we can reorganize or recreate the interior to increase occupancy. We try to do only a few alterations. Fewer modifications, easier for everyone else. Properties will be subdivided if not already then the spaces will be designated to a company or artists for collaborative use in exchange for rental fees. Our facilities have the common areas nearest to the main entrance or ground floor and more private areas towards the rear with single and shared rooms towards the top or very non-accessible properties with 2 means of egress. Some have said we provide the most personal tenant management in town.
The apartment sector is one of the only real estates uses with potential in the market and potential within our desired locations.
Each property we pick will have its own LLC, such as Artist Studios, LLC. This title has a double meaning, like an apartment studio or a production studio.
In the Appendices, we’ll provide the contact info of the owners of our other properties that we have leased, and I think they will all agree we are the best tenant they have had; pay the rent on or before the last day of the month, never late, never hassle with complains, and never request any repairs since we have in-house construction contractors.
I hope you'll be able to feel secure in placing your property under our care. As you know, there is always room for negotiations; if needed, we can begin within a short period with options to renew.
Thank you for your time. My online resume can be found at http://www.linkedin.com/in/kxuna. I am a LEED Certified Risk Management Professional with a degree from the University of Colorado Architecture School and a Master's in Housing & Urbanization from Harvard University. I will identify all the risks involved for all parties and find ways of mitigating those risks before we get there. There are a million ways to go about it. Everyone will win.
Kelvin Xuna
Unlike a restaurant that does not have stable operating income until several months, our plan will show how revenue will be generated immediately upon moving in. Marketing is critical in our business, and we are very successful.
We pay about 2 to 3 months of rent value towards the Security Deposit. We cover the broker's fee, upfront work the owner may propose, NO COSTS for the owner, and even a notarized affidavit guaranteeing no cost will incur to the owner, even in a worst-case scenario. We acquire a Certificate of Liability Insurance with $1,000,000 protection per occurrence and $2,000,000 per aggregate minimum on all new properties.
We will only invest what we can handle. For example, if we propose to do $40,000 in Tenant Improvements, we have the financial backing to complete the project. We will not get to $20,000 and determine we cannot finish. Our estimate includes city and county permits to be built to code.
We consider the properties we choose to be Flexible Spaces because we can reorganize or recreate the interior to increase occupancy. We try to do only a few alterations. Fewer modifications, easier for everyone else. Properties will be subdivided if not already then the spaces will be designated to a company or artists for collaborative use in exchange for rental fees. Our facilities have the common areas nearest to the main entrance or ground floor and more private areas towards the rear with single and shared rooms towards the top or very non-accessible properties with 2 means of egress. Some have said we provide the most personal tenant management in town.
The apartment sector is one of the only real estates uses with potential in the market and potential within our desired locations.
Each property we pick will have its own LLC, such as Artist Studios, LLC. This title has a double meaning, like an apartment studio or a production studio.
In the Appendices, we’ll provide the contact info of the owners of our other properties that we have leased, and I think they will all agree we are the best tenant they have had; pay the rent on or before the last day of the month, never late, never hassle with complains, and never request any repairs since we have in-house construction contractors.
I hope you'll be able to feel secure in placing your property under our care. As you know, there is always room for negotiations; if needed, we can begin within a short period with options to renew.
Thank you for your time. My online resume can be found at http://www.linkedin.com/in/kxuna. I am a LEED Certified Risk Management Professional with a degree from the University of Colorado Architecture School and a Master's in Housing & Urbanization from Harvard University. I will identify all the risks involved for all parties and find ways of mitigating those risks before we get there. There are a million ways to go about it. Everyone will win.
Kelvin Xuna
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