Our Asset Management Subscription assigns a seasoned multifamily Asset Manager to your team without the talent recruiting, salary, burden, systems, and data service expense to your firm. Your dedicated Asset Manager will fulfill valuable financial optimization services, provide an additional resource to monitor property performance, and produce robust reporting and analytics for your clients and investors. (all branded and presented as your own). Your Asset Manager will focus on the following core functions monthly:
Just one month of poor revenue performance or loose expense management can materially impact your property's valuation.
Your Asset Manager will continuously analyze your property’s financial performance through various techniques, trend and benchmark the property’s performance down to the individual GL, compare the Asset’s financial performance to historical and proprietary benchmark data, and communicate with property management teams directly for the purpose of identifying, diagnosing, and producing action items to improve the property’s net operating income performance.
Sometimes you just need an extra set of eyes, an investment grade perspective.
Your Asset Manager will perform in-person property visits to assess the property from an asset management perspective, provide onsite review and instruction with regards to financial review findings, and work with onsite teams to execute optimal asset strategy.
Constantly working to squeeze the most revenue down to the dollar.
Occupancy and trend monitoring, rent strategy formation, and maximization of ancillary income opportunities. Leveraging their experience in rent optimization and market analysis, your dedicated Asset Manager will constantly monitor your property’s revenue performance and work with onsite teams to implement optimal strategies. We also explore and implement lucrative ancillary income opportunities on a consistent basis and leverage our extensive vendor relationships to re-negotiate more favorable terms.
Vendor terms, pricing, and specials are constantly changing. Shouldn't you capitalize on the best value?
Time and time again we’ve seen service contracts expire, increase to a staggering month-to-month rate, and clients were paying the increased rate for months before someone noticed. We maintain a database of your property’s contract terms and provisions, alert you to upcoming notice periods, and negotiate renewal terms on your behalf. We also leverage our vender relationships and total client base buying power to get better deals.
Your budgets should be heavily backed by data and market analytics.
What’s the point of budgeting if you’re not using advanced analytics and true market data to help forecast revenue and expense trends? Your dedicated Asset Manager will combine their extensive multifamily budgeting and forecasting experience with true benchmark data from our NOI Analytics database to review your annual budgets and provide recommendations.
Sophisticated property performance and market update reporting.
Branded with your company’s logo and design, you will be supplied with our custom market and property performance reporting package to furnish to your partners. Your dedicated Asset Manager will also participate in your quarterly owner/investor calls bringing robust knowledge and positive financial highlights on your property.
Big institution service.
Small entity personal attention.
Property Due Diligence
100% unit interior catalog, 100% lease file analysis, full PCA, CapEx review, and detailed property and market reporting.
Full and Partial underwriting preparation, benchmark data supplement, and objective underwriting review.
Pricing Advisory Services
Rent optimization services on YieldStar and LRO platforms at a lower cost basis than software providers.
Competitor and market comparative analysis on exterior and interior capital improvement opportunities.
Property Tax Appeal
Property tax protest, valuation hearing, comparative analysis, rendition filing, and settlement negotiations.