Quick apartment turns are essential to a profitable operation for an apartment complex!
Fortunately, apartments situated near institutions of higher learning offer apartment owners a unique opportunity. They can readily apply the science of scaling production when it comes to those apartment turns.
In the typical scenario for landlords who manage complexes within a one-to-five mile radius of a campus, each apartment turn represents one solitary cleaning operation. Apartments are turned one unit at a time. Renovating each unit on an individual basis is akin to an era before mass production, the assembly line and economies of scale came onto the scene.
Granted it took some time before this brilliant manufacturing process became the standard, but the concept of lean manufacturing continues to permeate into more and more industry sectors. It was only a matter of time before smart folks figured out how to apply it to the rental industry.
And due to the nature of campus life, which revolves around specific dates affecting occupancy levels, the opportunity to scale up the work in those apartment turns evolved into a highly efficient model. It was only a matter of time that someone, somewhere eventually would see the wisdom in that opportunity.
The key to shifting over apartment turns to a factory-like model is to exploit the opportunity those mass exoduses and influxes offer a property manager to save both money and time. Bring in a crew that specializes in cleaning and restoring apartment units and profits will inevitably rise for landlords!