Scaling Up: How Apex Student Housing Expanded Their Portfolio by 50% Using LeazeHub
Apex Student Housing, specializing in off-campus accommodations, aimed to expand but was hindered by operational bottlenecks. With LeazeHub, they streamlined processes and successfully expanded their portfolio by 50% within a year.
About Apex Student Housing
Location
College Town, USA
Portfolio
200 student housing units
Market
University students seeking affordable, quality housing
Challenges and Objectives
Challenges
- Scalability Issues: Existing systems couldn't handle additional properties efficiently.
- High Turnover Periods: Coordinating move-ins and move-outs was chaotic.
- Compliance and Documentation: Managing leases and legal requirements was complex.
Objectives
- Implement a scalable management solution.
- Streamline turnover processes during peak periods.
- Ensure compliance with housing regulations.
Solution Implementation
- Scalable Platform: Adopted LeazeHub to manage additional units seamlessly.
- Automated Turnover Scheduling: Used the platform to coordinate cleaning and maintenance between tenancies.
- Digital Documentation: Centralized lease agreements and compliance documents with e-signature capabilities.
Results and Benefits
Results
- Portfolio Growth: Expanded from 200 to 300 units within 12 months.
- Efficient Turnovers: Reduced turnover time by 35%, minimizing vacancy periods.
- Regulatory Compliance: Maintained up-to-date records, passing inspections without issues.
- Resource Optimization: Reallocated staff time to focus on growth strategies.
Benefits
- By providing a scalable solution, LeazeHub enabled Apex Student Housing to achieve their growth objectives while maintaining operational efficiency and compliance.
"LeazeHub was the catalyst we needed to grow. The platform handled our expansion effortlessly, and the support team was exceptional. We managed the increased workload without adding new staff, which was incredible." — Daniel Thompson, Director of Operations at Apex Student Housing
Planning to expand your property portfolio? See How LeazeHub Can Support Your Growth
LeazeHub can help you achieve similar results. Get in touch with us today!