By: Ami Martin, Sr. Director of B2B Marketing at Stay Alfred
Stay Alfred has become the largest travel apartment provider in the U.S. by proving their property stabilization model does boost NOI while eliminating vacancy loss for multifamily developers. Already in 2019, the company has experienced dramatic expansion across the nation and is currently operating in 32 cities.
The Stay Alfred team will be at IMN’s Middle-Market Multifamily Southwest Forum where Jordan Allen, CEO of Stay Alfred, will share the compelling math behind their model on the panel Short Term Rentals – What Kind Of $$ Can You Make?
Here’s an exclusive look at what Allen will be sharing and why more developers are finding value in the STR model:
Boost NOI Instantly
Developers who partner with Stay Alfred see an average NOI boost of 25%, with some seeing a boost of up to 35%. Stay Alfred’s model for improved NOI is simple, reliable, and empowers developers to partner at any phase of the project, from entitlement to operating.
On the revenue side, Stay Alfred provides a secure, long-term lease with guaranteed rent payment, eliminating vacancies and turnover. On the expense side, they also take on care and maintenance of the units and eliminating or reducing operating expenses.
Stay Alfred leases all or part of your building while owners sit back and collect the rent; these flexible lease options can range from a few apartments, one or more floors, a full building or even multiple buildings.
And while each market is different, Stay Alfred’s net effective rent – the long-term value of the master lease – is often above market. Their master lease is designed to improve the developer’s NOI through competitive market rents and the elimination of traditional operating expenses, as well as long-term guaranteed rent payment, and the elimination of turnover and vacancy.
Asset Protection with a Flexible Master Lease
A Stay Alfred Master Lease helping to ensure the highest and best use of the asset. Annual escalation provisions also give you NOI certainty over time.
Because a Stay Alfred master lease can boost a property’s NOI, thereby increasing its value, it can be an asset for financing. Developers benefit from zero investment, zero lease-up risk. Flexible multi-year master lease options also allow developers to select the model that’s right for their property, and scale programs over time.
And that’s not even the whole story. Stay Alfred’s Sr. Vice President of Real Estate, Mike Wilson, will also be on deck for the Cash Flow Multifamily Investment Strategies panel at IMN Multifamily Southwest.
For more info on boosting NOI and partnership opportunities with Stay Alfred, visit StayAlfred.com/Partnership.
For more info on IMN’s Middle-Market Multifamily Southwest Forum happening March 19-20 visit IMN.org/multifamilysouthwest.