This Dallas, Texas, real estate investment company is throwing away the guidebook on how to run things and implementing new strategies to optimize costs and improve returns for investors.
Like most multifamily companies, Multifamily Empire buys apartments along with investors, manages the properties for three to five years, and then sells the complexes for proceeds. During ownership, they also provide passive income to investors. However, Multifamily Empire has learned through trials and tribulations that other initiatives can make all the difference. Learn how to start investing in apartments.
Vertical Integration Allows For Greater Control
Multifamily Empire once relied on contractors and other companies for many steps of their business process. Now, they have created subsidiaries to handle some of the most important aspects of apartment renovations and management.
Empire Construction has specialized employees trained to optimize the renovation cycle and use time and materials efficiently. Meanwhile, Green Empire specializes in lawn care and also serves external customers. Subsidiaries like these have allowed Multifamily Empire to lower costs and capture profits outside their typical market.
Caring For the Communities Has a Domino Effect
Multifamily Empire recognizes that their properties are more than a way to make money. They are also intimate communities that their residents call home. Improving the environment to be a cleaner and happier place to live not only enhances the lives of residents but also encourages them to take care of the property. To do so, Multifamily Empire creates fun and educational events for their residents, such as holiday toy drives and anti-littering campaigns for the kids.
Teaming Up With Property Management
While Multifamily Empire does work with third-party management companies, rather than leaving all the hard work to them, they team up. Multifamily Empire has weekly meetings with property managers to allow time for updates and a forum to find solutions for any potential problems that the properties may face.
Staying Social is Key
Multifamily Empire recognizes that in today’s society, people want to know the behind-the-scenes of the things they invest in. As a result, the company has many initiatives to stay active in their community while offering valuable educational knowledge for people interested in financial independence.
What’s extra intriguing about their projects is that they make them even more entertaining by combining them with other passions. For example, Multifamily Empire’s monthly networking event, Jazz N’ Apartments, has guest speakers who share some knowledge and live jazz music. In addition, their podcast, The Real Grind, releases a new episode every Tuesday and combines various experts in the real estate industry with freshly brewed, unique coffee creations. They are even releasing a new Investor Insider Crash Course soon.
Multifamily Empire is revolutionizing how real estate investment companies operate by taking a unique approach to apartment investing. Through vertical integration, community engagement, collaboration with property management, and social initiatives, they have optimized costs, improved returns for investors, and positively impacted their communities.
Visit the website https://www.multifamilyempire.com to gain insight into the services provided and receive assistance throughout the investing journey!
Media Contact
Company Name: Multifamily Empire
Contact Person: Italo
Email: Send Email
Phone: (817) 253-6002
Country: United States
Website: https://www.multifamilyempire.com