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Rent-Ready' vs. 'Move-In Ready': The Standard That Defines Your Asset Class
In the multi-family industry, we throw around the term "rent-ready" a lot. But "rent-ready" is a low-bar, C-class standard. It means the unit is legally habitable: the plumbing works, the lights turn on, and it has been 'broom-swept.' A "move-in ready" standard, however, is what defines a B-class and A-class asset. It is a unit that is not just functional, but desirable. It is pristine, modern,...
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