Multifamily 5

In this episode of The Multifamily 5 Podcast, Mark speaks with Jim Monk of Clozzits, the leading manufacturer and installer of closet systems for the multifamily industry. The Company was created from the desire of multifamily owners and management companies to recognize previously uncharted revenue growth opportunities. Clozzits serves property owners that aim to rethink the ordinary and often forgotten closet spaces within their portfolio to increase overall asset value and ROI. An average Clozzits client sees a 3-5% rent increase once installed, an improved NOI, average of 37% ROI on the project and an asset increase of an X factor based on the properties cap rate! As the President of Clozzits, Jim leads and develops the overall corporate strategy including but not limited to finance, manufacturing, marketing and installation. On any given day he can be found working with the different teams and department heads to ensure that all process and procedures are working cohesively to provide the best possibl