Hi there, associates! We hope your new 12 months is off to a tremendous begin. Now that 2020 is underway, we needed to share with you our JWB imaginative and prescient for this 12 months and a few issues we’ve bought within the works to serve you even higher.
2020 Imaginative and prescient
Whereas we have already got a top-notch workforce (with loads of awards to point out for it), we should work exhausting to keep up that customary of excellence. We are able to’t simply obtain a one-time excessive after which slack off. Quite the opposite, we need to step it up much more. That’s what we plan to deal with this 12 months – how we will actually fine-tune our enterprise to boost our purchasers’ expertise to the subsequent stage.
The Imaginative and prescient in Focus
To kick off the brand new decade, our focus is extra on high quality, not amount. At first, as with all new companies, we labored exhausting to develop the corporate. Now that we’ve achieved vital progress, we’re able to zero in on our operational effectivity and fine-tune our providers to create a seamless expertise for purchasers and residents.
From One Kind of Progress to One other
After we assessment our numbers over the past a number of years, we’ve skilled an enormous quantity of progress. That is thrilling to see our historic progress. This was attainable as a result of we’re regularly enhancing, turning into extra environment friendly, and maximizing new know-how.
Now we’re able to shift that progress. We’re able to develop internally to assist our current programs. Our purchasers don’t see a few of our back-end workflows, but these inside processes impression the general consumer expertise. We’re taking a deep dive into these this 12 months. As we turn out to be more adept with a few of our know-how instruments and software program, we’re capable of begin utilizing these to a higher benefit. Our aim this 12 months is that each inside course of will likely be evaluated and streamlined to serve our purchasers higher.
Objectives to Goal
Whereas our most important focus is on refining our operations, we nonetheless need to develop the enterprise. Our objectives are a bit of totally different this 12 months as we take a look at creating long-term efficiencies:
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Acquisitions
- Properties: In 2019 we purchased 592 properties; in 2020 we plan to purchase 688 properties.
- Land: We need to construct up 2-Three years of lot stock within the pipeline. This may assist us sustain with the demand for properties. Different firms typically run out of stock, so we’re making an attempt to keep away from that scenario. This technique permits us to all the time have a product obtainable for our purchasers.
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Non-public Lending
In 2019, our personal lending was $13.5M. Our purpose is $10M in 2020. This goes again to specializing in extra effectivity. We’re engaged on discovering probably the most cost-effective choices of financing.
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New Building
In 2019, we constructed 433 new properties. This places us the sixth highest of NE Florida builders. Our 2020 aim is to construct 400 new properties. Once more, we’re striving towards extra efficiencies. We’re taking a look at methods we will be versatile as the price of supplies fluctuates, whereas conserving our costs as constant as attainable for purchasers.
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Leasing
In 2019, we jumped 26% with 975 leases. Our 2020 aim is to signal 1,350 leases.
We plan to leverage our software program this 12 months so our workforce can spend much less time on administrative complications and extra time with folks. We’ll be capable of supply a extra personalised expertise for every consumer or resident that walks by our door.
Jacksonville Progress
One other rising challenge we’re excited to be part of is the Downtown Jacksonville redevelopment efforts. We need to be part of the neighborhood push to revitalize the downtown neighborhoods, renovate deserted buildings, and spur progress within the space.
In any case, that is our metropolis. We are able to’t stand by and do nothing when it’s inside our energy to assist make it higher. This advantages our purchasers as nicely – we’ll have extra sources of stock; we’ll construct extra strategic partnerships with space engineers and contractors; and we’re working collectively to enhance property values within the space as a complete.
In case you’ve been following us on our weblog and social media, you might have seen our plans for transport container housing. We’re exploring this funding route as a brand new approach to supply housing to extra residents close to downtown.
JWB Cares
In 2019, our nonprofit arm JWB Cares raised $95,000, up 28% from the earlier 12 months. Our 2020 aim is to boost $120,000 for charitable giving. A big portion of this comes from our annual fall golf match. We’re contemplating a spring fundraiser this 12 months and we’ll have a brand new devoted web site for the nonprofit quickly, so be looking out for particulars.
The final two years we’ve donated a house to a deserving Wounded Warrior. In 2020 we’re exploring the potential for increasing this to construct and donate two properties. We’ll break floor quickly on the primary house, an thrilling step in direction of altering somebody’s life endlessly.
We’re taking a look at new methods our purchasers and residents can become involved in these efforts. We’re grateful for you and excited to have you ever as part of our workforce this decade!
Sustain with our ongoing updates at facebook.com/groups/rentalpropertyinvesting. Once you’re prepared to speak, attain out to information@jwbcompanies.com or 904-677-6777 to proceed the dialog.
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