WHY BOOST?
Because Boost will boost your bottom line while keeping tenants happy.
The founders of Boost Management understand how property management affects investment returns.
We are your in-house, outsourced property managers servicing your residential, commercial or mixed-use properties in Brooklyn and Queens, New York. Boost promises to take the stress away from owners so they can sit back and enjoy their investment return while we deal with all the minutiae.
The rationale behind why we started Boost is based on three main principles: to boost the owner’s bottom line, keep tenants happy and maintain the physical property impeccably. These three pillars are interwoven. For example, keeping tenants happy enough to renew their leases minimizes downtime and the necessity to pay brokers fees, thereby boosting returns. In turn, tenants will only renew when they are satisfied with the physical building environment and management service.
THE BOOST DIFFERENCE
LIMITED VACANCIES
Over an twelve-month span, occupancy across buildings under management averaged at 97.9%.
RENEWAL FREQUENCY
Over a twelve-month span, 92% of tenants renewed their leases. The 8% that did not renew cited unimpactable departure reasons such as: “moving out of state,” “moving to Manhattan” or “did not get along with roommates.”
AVERAGE DOWNTIME
Apartments with tenants that do not renew, on average, sit on the market for 3.8 days. This means that the majority of our leases that end the last day of the month are rented with a new set of tenants for the first day of the following month.
MAINTENANCE REQUESTS
We typically respond within one hour depending on the time of submission. For routine repairs (light-bulb out, smoke alarm battery replacement, etc), repairs are typically made within 24 hours. For more intensive repairs, issues are typically rectified between 2-4 business days.
EXPENSE REDUCTION
For all clients with properties under our management for over one year, we have successfully reduced overall expenses by 9.8% when compared with the prior year.
VIOLATION REMOVAL
Across all clients, we have reduced violation count by 86% (note: this is not 100% because, at times, it does not make financial sense to clear a violation).
RENT COLLECTION
In the first six months of new client relationships, we have reduced rent arrears by 78% through effective communication with delinquent tenants and implementation of payment plans.