5 Reasons You Should Outsource Multifamily Make-readies

Multifamily rental property owners and managers are constantly seeking ways to optimize their portfolios and enhance tenant satisfaction. Outsourcing make-readies helps you build momentum with experienced and qualified vendors tackling work orders with immediacy. Outsourcing streamlines operations and includes benefits that drive the overall success and profitability of your multifamily portfolio:

1. Rely on expertise and quality control: With outside expertise and talent, you can efficiently handle all aspects of the turns process, from planning and design to execution and quality control. Third-party vendor knowledge ensures projects are executed with precision and detail to elevate the quality across your multifamily communities and portfolio.
2. Move tenants in sooner with fast turnaround times: Swift turnaround times have a powerful impact on your profitability. Utilizing qualified vendors skilled at managing timelines, you can ensure units are made ready for new tenants sooner, limiting vacancy periods and boosting your property leasing potential.
3. Scale with precision and flexibility: Multifamily portfolios can vary widely in size and scope. Outsourcing is a scalable solution that can meet the unique needs of your properties and overall multifamily portfolio. Qualified vendors can scale their services accordingly across your communities to support growth and versatility.
4. Stay in compliance: Entrusting turnkey projects to experienced vendors helps mitigate risks associated with regulatory compliance, safety, and legal issues. Qualified third-party vendors are fluent in industry regulations and standards, ensuring that renovations meet all necessary codes and requirements, and minimizing the potential for compliance disputes or complications.
5. Cut out unnecessary costs: Specialized vendors have trusted partnerships with suppliers and contractors to negotiate competitive rates for materials and services. These vendors are knowledgeable in project management, minimizing the risk of costly delays or mistakes that can occur with in-house teams.

Outsourcing make-readies to experienced and qualified vendors can empower greater efficiency, profitability, and overall success across your multifamily portfolio. You can focus on strategic growth initiatives while ensuring their properties are consistently maintained and upgraded with changing market demands by leveraging outside expertise, cost efficiency, and scalability.

Bringing it all together

Outsourcing your multifamily make-readies can promote greater agility, quality, and profitability across your multifamily residential properties. Bringing in outside experts ready to tackle each project with precision and speed supports faster move-ins and future tenant satisfaction with an elevated standard of living. Tapping into proven third-party vendors and their suppliers and contractors by extension helps you accelerate and scale faster with greater flexibility and a focus on your unique multifamily portfolio goals.

Streamline make-readies and find the right talent with Lessen.

When working with Lessen and our partners for your residential property maintenance solutions, you can rely on make-readies done in three to five days, up to half the industry average. You can minimize gaps in occupancy and move tenants in sooner with 24/7 access to our pre-qualified, national network of 30,000 vendors across 55 trades backed by technology-powered services. Keep your multifamily make-readies on time and budget by managing work orders, optimizing processes, and monitoring costs all in one place on our One by Lessen platform.  

Learn how to scale your capital projects faster without compromising on quality.