What’s A Ready-To-Rent Program?
A program where a real estate investor or group of investors purchase multiple properties across local neighborhoods, fix them up, and keep them ready to be or rented out at all times, on differing terms, depending on the unit. They may have as many as 100 units for people to browse at different price points with differing rental terms.
Akin Developers Has Developed A Ready-To-Rent Program In Silver Spring, MD “We have been fortunate enough to partner with great people and provide high-quality continuous rental units,” said Miki Sunguza of Akin Developers. “We have 40 doors currently being occupied with three.
remaining vacant, as well as ten more units being added this Spring”, she continues. “We now can provide long-term and short-term, clean, safe, affordable housing to our communities and it makes us feel great!”
The Story Of Jerry & How Akin Knew They Were Impacting Lives
In a normal scenario, most people live in or around where they work but for some traveling to a new location, every few months is part of the person’s job. Jerry Gilbert came to us at Akin Developers because he was locating in the Silver Spring area for a nine-month-long project. Jerry wanted something that would be simple and yet still practical and at Akin Developers, we had exactly that.
The Introduction
Jerry found our multiple rental units through Akin Developer’s Facebook page. He was able to look through a few and determine that we may have something perfect for him. Then he called. When we first met with Jerry, we set on the course of explaining the benefits of working with us and why Akin Developers is his best choice.
Whatever the scenario may be at the time, you can rest assured that Akin Developers can assist you with making the best decision possible when it comes to your real estate needs. For Jerry, the best decision possible was finding a ready-to-rent home in Silver Spring, MD without having to do the heavy work of searching and awaiting closing. He made the call and Akin Developers walked him through their current openings, listened to his story, and found something suitable for him with an arrangement that fit us both.
Jerry had looked through other options before choosing to stay in one of Akin’s short-term rentals. He had gone through the rental listings on craigslist and had even contacted three different apartment rentals before getting discouraged. He needed something with different terms than what was provided by most standard leasing agents i.e.: a six-month or one-year typical lease. Jerry decided to search for something different in a different place and that is where he stumbled upon Akin Developer’s Facebook page. He was able to see the available listings and make a call right from there. He immediately got in touch with Aissa Cisse-Sires, who put him right at ease. She explained that his situation was not as uncommon as he thought and that they could work on a plan.
The Strategy
Aissa knew what she had available in his desired location. She also knew that he would be back annually due to his contract of employment. She hit the books and discovered the weekend rental price of a home she had in mind for Jerry. She ran the numbers and quickly found out that she would benefit equally from renting it to him for the entire year or renting it to him for nine months and doing the weekend rentals for three months. She even got to add in a small budgeted difference for cushion in case the property could not be rented one weekend a month. She went into her next conversation with Jerry with the confidence of knowing that she had something in mind that would be mutually beneficial. Aissa was excited as she had the opportunity to offer Jerry something that was currently vacant and let him return to the same place yearly by only using it as an AirB&B when Jerry was gone for those three months. When she called Jerry was elated. She had taken the time to understand his needs and find something in their Ready-To-Rent Program that worked perfectly for him. He thanked her profusely and immediately made the deposit.
The Outcome
Jerry planned his move for the next month. He had time to secure the rental space with a deposit, get all of the utilities put into his name, and buy secondary furniture. He didn’t mind buying the furnishings rather than move them because the agreed-upon property would remain his home and he had even granted permission for his furniture to remain for the use of the AirB&B guests over the missing three months. This worked out wonderfully for both Jerry and Akin Developers.
When Jerry arrived one month and 6 hours later, he was elated with the condition of his new place. Miki and Aissa met him promptly with the new keys and had even gone by an hour early to wait for the delivery trucks! Jerry saw this as a blessing. It was the easiest move he had ever made. “Moving can be so stressful” Jerry smiled,” But you ladies at Akin made a world of difference and made this fun instead of a hassle,” he said as he laughed. “Thank you both so much.” Jerry Finished. The ladies were pleased too, they did not have to market to renters or show the property, plus Jerry seemed very upstanding. For once, Jerry thought, everything worked out great.”
Everyone truly was happy. Three years later and Miki and Aissa felt that they had a very reliable tenant as well as a great addition with the extra furniture. Jerry had the perfect place to call his home-away-from-home.
The Conclusion
Thinking outside the box can pay off in strides! Use your creative thinking to find alternatives to your real estate needs in Silver Springs, MD or anywhere else. If you think you know everything there is to renting a home, check out Akin Developer’s Ready-To-Rent Program. It is unlike anything you have ever witnessed and they have the flexibility to make things work for their tenants, at a price they can afford, with housing that exceeds expectations. If you think differently and seek differently you will find different opportunities.
