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Even though average occupancy can be decreasing in a market, it doesn’t mean a well-managed property needs to experience lower occupancy. If you maintain the property, communicate effectively with tenants, and handle maintenance issues promptly, you can far exceed the average market occupancy levels and also exceed average rents. Jimmy Edwards, Founder and Director of Acquisitions at High Five Group, has excelled at adding value and repositioning Class C assets and selling them for a large profit. Jimmy is currently looking for Value Add opportunities in the I 35 corridor between Dallas and San Antonio, but still not seeing enough price concessions to make most of these deals pencil.
