Executed thorough pre-inspection preparation and post-inspection plan

As an affordable property, Capri Villas and its team members were tasked to comply with strict HUD guidelines from day one of takeover, which included achieving a high REAC inspection score. To position the community to earn the best possible score, Asset scheduled a pre-survey that highlighted problem areas and assessed the interior, unit by unit. Then, Asset carefully reviewed compliance guidelines in comparison to the property and completed substantial indoor and outdoor repairs to bring the property up to HUD standards.

After inspection was complete, we also developed a maintenance checklist, supported ongoing maintenance training, including official REAC preparation classes, and instated Asset’s standard protocol that will ensure Capri Villas continues to meet and exceed HUD guidelines, even during non-inspection years.

Coordinated extensive in-house repairs

Once we developed the list of necessary repairs as referenced above, we leveraged our extensive resources to keep costs low, performing and overseeing necessary repairs in-house, including:

• Trimming outdoor hedges and rose bushes
• Making repairs to curb and sidewalk
• Clearing fence line of all debris
• Trimming tree overhang
• Checking all interior and exterior electric functionality
• Inspecting unit details such as doors, locks, appliances, smoke detectors, sprinklers, AC filters, and breakers
• Confirming that buildings meet fire code

Curated high-quality resident experience

Throughout the extensive building repairs, Asset strived to ensure that the resident experience and satisfaction were upkept. Current residents received proactive communications about any necessary building and unit repairs, allowing them to plan accordingly and minimizing inconveniences. We achieved this by maintaining constant communication with the residents and addressing any concerns in a timely manner.

Beyond the updates, we installed new signage that highlighted the community and its newfound curb appeal. Then, we trained on-site teams and implemented plans to keep staff up-to-date on Grace Hill trainings to ensure a seamless leasing process. All of these efforts combined to improve the property’s perception, leading to a positive resident experience from their first impression all the way through their life at Capri Villas.