After acquisition, the company undertakes necessary renovations to improve the condition and appeal of the properties. These renovations serve a dual purpose: firstly, to ensure the properties meet all the regulatory requirements for habitability; and secondly, to make them aesthetically pleasing and functional for future tenants or buyers.
Subsequent to the refurbishment phase, the Fund manages the rental process of these improved properties. Leasing these properties becomes a source of consistent income, as tenants pay rent for their use. The company handles the rental logistics, including marketing the properties, screening potential tenants, setting and collecting rent, and managing any property maintenance or tenant issues.
Eventually, the Fund may decide to sell the properties. The aim is to sell them at a profit, realizing a return on the investment made in the purchase and subsequent improvements. The decision to sell is often based on various factors, such as market conditions, the property’s appreciation, and the company’s investment strategy.