Apartments are sometimes great candidates for repositioning. Let ’ s say that you fi nd a tired apartment building in a good area. This prop- erty has not been kept up well, so it ’ s attracting tenants who are even less well - kept. To reposition the building, you fi rst spruce up the exterior, focusing on the siding, roofi ng, and parking lot. You upgrade the landscaping, put new signage on the property, and create a nice leasing offi ce. You then work on certain strategic improvements inside the property. With the property now looking much better, it ’ s time to reposition those tenants. You get rid of the tenants who pay slowly, never pay at all, or are criminally inclined. Replace them with the tenant profi le that you are targeting.