For the kids

Welcome to the property management blog, our diary of the property management world.

Today I drove by an apartment community that used to be pretty run down. I had employees who lived there and they were always a little nervous about things happening there. I looked at it today, because I noticed they spread new mulch on the playground. There used to be a plain and ugly driveway that wound past the entrance. It was replaced a few years ago with a grassy area and a new play ground. It is nicely fenced-in, so parents can feel as if their kids are relatively safe there.

This was a part of a major improvement that a new ownership group undertook. They felt, rightly so, that a renovated, updated and child friendly community would attract and keep better tenants, have less crime and therefore be a more profitable property.

It has not only worked out for the owners. It has worked out for the whole city. And it has worked out for the kids. They now have a nice place to play close to their apartments.

I realize it is an expensive undertaking to turn a property around. I know it doesn’t always work. But it has to be worth it from all angles. Whay aren’t people doing more of these?

bye for now,

Tron

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