Live Webinar - First Year of the Credit Period
Live 90 Minute Webinar - Hosted by Vivian Probst
February 20, 2020
Webinar starts at 10:00 AM Central Time
Sponsored by OCCH
Are you thinking it’s a little early to present a webcast on First Year Lease-up, think again!?
If you think a property has until the end of a year to complete lease-up, you’re in for a not so nice surprise. Take this webcast NOW to avoid big problems later. If you have a property currently in lease-up or will be starting a lease-up in 2020, the sooner you know what to do, the better.
Fact: There’s nothing much worse than failing to meet owners’ expectations during lease-up unless it’s failing to meet the minimum set-aside. Do you know the impact of these issues?
Fact: Some lease-ups are not a piece of cake; each have special challenges. Even if you think you know what to do, make sure you’re doing everything you possibly can to make a property’s lease-up successful.
Fact: How well you know your product and your market makes a difference. Do you know who your property’s competition is? Do you know how your property stacks up against other properties?
Fact: Your tax credit property has units that must be rented to qualified households. Do you know where these units are and in which buildings?
Fact: Different tax credit units must meet different income set-asides. Do you know the set-aside limits for each tax credit unit on your property?
Fact: Tax credit units have a maximum amount of rent they can charge. Utility allowances must be subtracted. Do you know these limits?
Fact: Many tax credit units are not able to charge the maximum tax credit rents due to market conditions. Should you offer incentives?
Fact: There are indicators that a property is not achieving its first-year goals for the investor. Do you know what are the trigger points are? Do you know when a tax credit property is in trouble? Sooner is better.
Fact: Your best units will rent up first. What do you do if some units simply aren’t leasing up?
All this and more will make your lease-up more successful.
And what if your property leased up but now is facing significant vacancies? What happened and what should you do?
Sign up for this webcast and expect some surprising ideas from a 33-year veteran—ideas that just might make all the difference!