Flite | Real Estate Syndications

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[Flite | Real Estate Syndications @FliteInvest]

@Cee_PM_ Roughly 30k per unit renovation.

[Flite | Real Estate Syndications @FliteInvest]

Interior Unit Renovation Workflow:

- Demo
- Rough-in electrical and plumbing
- Pass inspections
- Insulation
- Drywall
- Interiors finishes
- Kitchen cabinets
- Appliances
- Rent at market rate
- Increase property value
- Repeat

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

Self-storage lessons learned:

- As popular unit sizes have been fully leased, move-ins have slowed slightly.
- As students moved out, we saw a decrease in occupancy.
- Because low demand is seasonal, we will keep a close eye on rent increases until the market shifts.

[Flite | Real Estate Syndications @FliteInvest]

The exterior is currently being prepped for paint.

What do you think about the exterior paint scheme?

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

Great things in business are never done by one person; they're done by a team of people. - Steve Jobs

Clearwater Construction has done an excellent job of addressing the property's renovation scope and maintaining the grounds.

We are grateful to have them as partners!

[Flite | Real Estate Syndications @FliteInvest]

Ways we add value to the exterior:

- The exterior is being painted
- Fixing stair treads
- Prepping the deck for finishes
- Prepping the railings for wood siding detail
- Trenching and installing new power line poles

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

Happy and Prosperous New Year from Flite!

We are grateful to our investors for assisting us in acquiring two assets this year.

This brings the total number of assets acquired by Flite to 14 and the number of assets exited to 5.

Here's to the new year and even more success!

[Flite | Real Estate Syndications @FliteInvest]

Forced appreciation occurs when a real estate investor increases cash flow and property value proactively by raising the rent to market.

81 JoFig Unit 5 was quickly rented at $1,850 per month.

This is an increase of $590 over the previous rent of $1,260.

#realestate

[Flite | Real Estate Syndications @FliteInvest]

Rehab takes far too much time and effort!

That is why we hire professionals to complete the task.

Our time is better spent elsewhere, such as looking for new deals!

Perhaps you can relate?

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

Merry Christmas from Flite!

Invest in Real Estate...

It really is the gift that keeps on giving.

Have you ever felt that way?

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

Without residents, there is no income!

We can add value to an existing unit when there are vacancies.

So vacancies aren't all that bad, are they?

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

Unit 12 was quickly rented after the rehab was completed.

Unit 12 (1/1) rented for $1,495 per month.

A $695 increase from the previous rent of $800.

This substantial increase will contribute to the property's long-term value.

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

Unit 6 was quickly rented after the rehab was completed.

Unit 6 (1/1) is rented for $1,545 per month (incl. $50 per month for pets).

This represents a $645 increase from the previous rent of $900.

This substantial increase will contribute to the property's long-term value.

[Flite | Real Estate Syndications @FliteInvest]

YOU CANNOT ACCOMPLISH ANYTHING IN LIFE BY YOURSELF.

You need to find others to help you be better than you can be by yourself.

We're so grateful to have Clearwater Construction as partners with us on deals.

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

ADD VALUE!

This unit was quickly rented for $1,850 per month.

This is an increase of $590 over the previous rent of $1,260.

This substantial increase will contribute to the property's long-term value.

REPEAT!

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

Rehab takes a lot of time and effort.

That is why we hire experts in this field as contractors.

So that my TIME can be better spent elsewhere....

Such as finding new investments or spending time with my family.

Maybe you can relate?

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

The majority of people despise vacancies.

But we love them, why?

It allows us to renovate and add value.

Once rehabbed, we can rent it at market rate and force appreciation, increasing the property value.

Perhaps you can relate?

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

We will maintain a careful balance between vacancies and rehabs.

Our strategy will begin with pursuing delinquent residents and serving 60-day notices. We'll save money on eviction fees and will not have to offer cash for keys.

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

Nine interior units are nearly finished!

Washing machines and dryers will be installed.

Before we list the units, we must first clean the windows, common areas, touch ups, and landscape.

#realestate #investment #syndication

[Flite | Real Estate Syndications @FliteInvest]

Happy Thanksgiving from Flite!

We appreciate our investors' patience in entrusting and supporting Flite on this journey.

We value our partners as we strive to improve the quality of our investments.

#realestate #investment #syndication