JF3788: Extreme Value-Add Strategies, Property Turnaround Operations, & Crime Reduction ft. Amy Rubenstein
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Restoring Distressed Properties: A Transformation Journey
This chapter explores the challenges of self-managing distressed properties versus using third-party management, focusing on strategies for value restoration. It highlights a successful case study in DeKalb, Illinois, where a severely underperforming property was revitalized through proactive management and community engagement, leading to improved occupancy and reduced crime. The discussion also addresses crime reduction tactics and the complexities surrounding squatters, stressing the importance of security measures and collaboration with local authorities.
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