"Production Solves All Problems."
This is a concept that my uncle drilled into my head over and over again when I worked with him during college. I didn't fully grasp the concept at the time--it wasn't until I had a business of my own that I finally "got it".
My units look the way they do mainly because I am an bizarrely productive person who also happens to think long term. I look at every repair as an opportunity to upgrade the property (or the unit) in order to add more value for the tenant--which ultimately adds more value to my bottom line. Why?
Because better units = happier tenants = more applicants = lower turnover = more rent = higher profits. I am not an altruist--I am an objectivist in the purest Ayn Randian sense of the word. And I am more than happy to do upgrades that are both good for me AND good for the tenant--because in the end, we both win.
In the Houston market for example, if you pull out the crappy old window units and put in central air condition, you will increase the average rent for your units by at least $100/month. The new central air will cost you about $3500. So, in 35 months you're at break even. After that, as the landlord, you're making an extra $100/month on that unit. Further, the average electric bill for that same unit will be 50% less with central air than a window unit--which is better for your tenants--and better for the environment. So WHY are there so many vintage apartments inside the loop that STILL have window units???
It's such a win/win scenario that I'm really surprised that more landlords don't "get it". More cash flow coming in at the beginning of every month ("production") = more cash flow left over at the end of the month for problem solving and upgrades. Since 2001 I have spent over $1.25 MILLION dollars on upgrades & restoration projects at my various properties--without borrowing a single penny. I did it all from cash flow.
The units that appear below are the units that will be coming available over the next 30 to 60 days.
I keep my game pretty tight so normally I do not have any units just sitting empty (unless we happen to be working on a unit). People move out, people move in--so you always have a few days of vacancy here and there in between tenants. Typically we have most units re-leased before the current tenant vacates, with just a day or two of vacancy in between to make sure that the unit is in tip top condition for the new tenant.
The availability date for each unit is indicated below--along with a contact email for that property. Sometimes the current tenants can move out sooner than the availability date indicated... sometimes not. So if you need to move sooner than the date indicated by the available unit, just let us know the move-in date you need when you email us and we'll check with the out-going tenant to see if they have any wiggle room.
If your ideal or projected move-in date is beyond the availability date below, I'm obviously not going to "hold" this apartment for you without rent. Something else may come up that is available closer to your move-in date, however. So feel free to contact me or Like / Follow us on Facebook to get instant updates anytime we get a 30-day notice on a unit.
Click the "View Unit Details" link by any property that you are interested in and then send an email to the address indicated if you would like specifics about showing dates and times for that particular unit.
(You may also want to check out the Home page for a little background on Medusa Properties and how we roll.)
IF THERE IS NOTHING BELOW THIS SENTENCE THEN WE ARE 100% FULL AT THIS TIME. PLEASE CHECK BACK LATER. :)
View Unit Details
|Liberty Park * Victorian Duplex (SLC, UT)
This duplex was originally built as a single family home back in the late 1800s by the city's first fire chief. It was subsequently split into TWO units sometime around the 1940s.
The upstairs is one unit. The downstairs is another unit. Both units have:
- Tall ceilings.
- Original fir hardwood floors.
- Lots of large windows.
- 1/4 acre lot (twice the size of a normal city lot).
- Large rose & vegetable gardens + fruit trees (plum, apple, pear, peach, apricot, cherry).
Old houses like this have a ton of charm and character... but they may also be a little drafty in the winter and the floors may creak a bit. Nothing in life is perfect. For me the trade-offs have always been worth it: aged wood floors, wavy window glass, rich soil under your feet. Some folks get it. Others are better suited for shiny, happy, econobox living with carpet, vinyl, and plastic. Such is life.
Pet policy for this building: Cat(s) or small to medium dog allowed in the downstairs unit. Cat(s) only in upstairs unit.
The two tenants in this building split the utilities. Gas+Electric+Water+Internet run about $135/month/person (averaged over 12 months). That's pretty darn cheap.
See details below for availability. Click on any thumbnail to enlarge.
Reply to email@example.com with any questions not covered here on in the postings (Craigslist / KSL).
View Unit Details
1372 south 300 east
Salt Lake City, UT 84115