Getting to 100% Occupancy
Every apartment owner dreams of the day when every one of their apartments are occupied. Although market occupancy has improved recently, many apartment communities still suffer from an above average vacancy rate. Even if you can boast of a 90+% occupancy rate, chances are that the remaining 10% that are vacant still represent meaningful revenue. What can you do to put that lost revenue to work for you?
Equitrade International, Inc. has pioneered the use of commercial barter as a financial tool in filling your vacant space and converting lost revenues to bottom line profits. The commercial barter industry has evolved over the last thirty years to an electronic banking system with an alternative currency to cash. Because cash is often scarce, barter frees up excess capacity that can’t otherwise be sold.
An account with Equitrade is like having a bank account that sends you new tenants. Equitrade fills your vacant units with new tenants from its network of business clients who may provide an apartment to an employee as part of their compensation. Payment for the lease is in the form of barter credits to your Equitrade account and the lease is usually prepaid for an entire year.
With your new Equitrade account, you can purchase many of the items that you currently purchase with cash in your own operations. When you pay for landscaping, pest control, carpet cleaning, painting, advertising and promotion, or pool maintenance with barter credits, the cash that you normally would have spent stays in your bank account and drops to your NOI as additional cash flow. Because of this substitution process, those apartments that were vacant are now full and their new revenue is represented on your bottom line.
Even if your occupancy is high, the number of vacant apartments under your management could be substantial because of the total number of units that you manage. Don’t let revenue from your excess inventory just erode away as time goes by. Let Equitrade fill those vacant units today and show you how to replace cash in your spending with barter.