Leasing
Adellco coordinates leasing for all of its properties. We consider leasing to be inseperable from building management in the new york residential market, and make decisions with the goal of maximizing rents net income.
Adellco has demonstrated the ability to increase rents, even in the weak global economy of recent years, by 15 to 20 percent. Through our leasing program, we study the local market to see which units can have their rents maximized as is, we selectively renovate units where it will increase rents, and we implement more agressive leasing policies. All leasing decisions are made with the input of senior management.
Additionally, residents are contacted well in advance of lease expiration, and are dealt with in a hands-on, personal style. Through this we can maximize rents, and minimize resident turnover and vacancy rates.
