RENOVATION & VALUE-ADD
Stout has been providing renovation oversight services to our clients for decades. We take our client’s vision for a property renovation and execute every aspect from start to finish.
Our dedicated Project Manager is familiar with the process required, trades, and pace in which Value-Add projects must be completed.
Appropriate Scoping - Stout will do a review of max achievable rents for a given area and recommend interior and exterior scopes to ensure effective use of capital funds.
Stout will design a lease renewal increase plan to facilitate turnover, matching the desired interior unit upgrade pace. This allows our clients to meet their interior unit renovation target while also capturing elevated renewal increases, pushing revenue on units without any initial investments.
Exterior Improvements - Stout will use a mix of trusted vendors and in-house labor to perform all interior renovations. Exterior improvements will go through a three-bid process, which are provided to ownership for approval.
Regular Inspections - Regular Inspections will be conducted to ensure scope is being followed, correct materials are being used, and timeline is being met.
Accounting - We will manage progress payments, acquire lien release(s), and prepare any capital reserve requests.
702.227.0444
