Marc Ortiz, CAM’s Post

Managing a multifamily property can present unique challenges, especially when striking the right balance between staff roles and resident satisfaction. 🏢✨ One effective strategy is to build a robust operations team tailored to specific roles: leasing agents to handle tenant placement, property managers for daily upkeep, and asset managers to optimize financial performance. This tiered approach not only increases efficiency but can also lead to happier residents and lower turnover rates! Take, for example, a property owner who implemented this structure at a 300-unit apartment complex. By assigning a dedicated leasing director and maintaining a strong maintenance team, they achieved a staggering 95% occupancy within months, ultimately enhancing their revenue. 📈💰 To apply this solution, assess the size and needs of your property. Consider hiring specialized team members who can focus on their strengths. This not only improves operations but also fosters a sense of community among residents. Investing in a skilled team today lays the groundwork for profitable and sustainable property management in the long run! 🌟 #MultifamilyManagement #RealEstateSuccess #PropertyManagementTips #InvestSmart #TeamWorkMakesTheDreamWork

Ever wonder what your impact is as a Leasing Professional in Property Management? 🤔 Leasing professionals are the linchpin of successful property management operations, wielding significant influence over the occupancy rates, financial performance, and overall reputation of a property. 🏢 This multifaceted role encompasses a range of responsibilities, from crafting compelling marketing strategies and showcasing communities to prospective tenants, to meticulously screening applicants and executing lease agreements. 💼 Beyond the tangible tasks, leasing professionals serve as ambassadors for their communities, fostering positive relationships with tenants and providing unparalleled customer service. Their ability to effectively communicate, problem-solve, and adapt to the ever-evolving real estate landscape is paramount in driving leasing success. 💬 In essence, as a leasing professional, you are integral members of property management teams, wielding expertise to not only fill vacancies but also to create thriving communities where tenants feel valued and engaged. Your impact extends far beyond the transactional aspects of leasing, shaping the very fabric of the properties you represent. 🌟 #PropertyManagement #RealEstate #LeasingProfessionals #Leasing

Technology is changing the Multifamily industry to become more efficient which helps Tenants and Landlords

The ME Team in real estate underscores the importance of teamwork in enhancing efficiency, leveraging diverse skill sets, and providing comprehensive service. By working collaboratively, team members can specialize in different areas—like marketing, negotiations, or legal aspects—ensuring that every facet of the real estate transaction is expertly handled. This approach not only improves client satisfaction by offering tailored services but also streamlines processes, making transactions smoother and faster. Essentially, teamwork within the ME Team allows for a more robust, client-focused real estate experience.

The 1 Big Difference and Similarity Between Property Management and Multifamily Development Think of real estate management as customer service, leasing and asset management. The manager works to achieve the developer’s leasing goals. Development means creating a new property and business thereof. The developer hires the manager. I started as a leasing agent on a property management team of a 200-unit high rise. I worked my way into multifamily development of garden-style and midrise apartments. Both aim for one primary business goal: profit or net operating income (NOI). NOI is your revenue minus expenses. Management Management operates on the individual property level. It works for the developer. It directly faces towards tenants and residents. That means touring vacant spaces for rental, executing lease contracts, and answering maintenance calls. They also create and manage property-level budgets. These budgets seek to lower expenses and enhance revenue through rent or non-rental items. Development Developers find land, entitle, and construct new properties. They hire the manager once the property is built. Developers find available land, obtain permits, finance, and then construct. The developer identifies the costs for the land, construction, and all other expenses for obtaining permits. He or she then forecasts future NOI and the value of sale. If both accumulate to a sufficient return on the total cost, then the development moves forward. The manager works to make sure the developer earns what is forecasted originally. The developer envisions and creates, while the manager executes. #development #multifamilyhousing #propertymanagement #realestatefinance

📢 Expand Your Property Management Business with a Premium Rent Roll in Moreton Bay! 📢 Looking for the perfect opportunity to enhance your income without the burden of significant overheads? This well-sized rent roll offers an excellent add-on to your existing portfolio, delivering a reliable boost to your bottom line. With an AAMI per property of $1,876, low vacancy rates, and minimal arrears, this opportunity is poised to integrate seamlessly into your existing operations, making it a smart acquisition for growth-focused business owners. 🏡Rent Roll Highlights🏡: *72 residential properties *Annual Management Fee Revenue: $137,006 *Annual Subsidiary Fee Revenue: $21,272 *Combined Annual Revenue: $158,278 *AAMI: $1,876 per property *Average Management Fee: 7.20% (ex GST) *Average Weekly Rent: $499.00 *Concentrated portfolio, most PUM located in Morayfield & Caboolture This well established independent business, known for its solid reputation, has been operating for over a decade, initially in sales before expanding into property management in 2016. The rent roll has grown through a combination of organic growth and strategic acquisition, managed by experienced, hands-on dedicated owners. Nearly all properties (99%) are situated in the Moreton Bay region, with 30 PUM located within 13 streets around the office, ensuring efficient management. The portfolio includes several high-quality, dual-income properties owned by seasoned investors. 💼 Asking Price: $3.00 per $1.00 of annual management revenue. With the new financial year underway, this is the perfect chance to secure a high-performing portfolio that promises long-term profitability and minimal disruptions to your current business. Don’t miss out on this unique opportunity to scale your business effortlessly. 📞Call me on 0400 343 959 for more information. Opportunities like this don't last long! #propertymanagement #rentrollbusiness #businessexpansion #strategicacquisitions #rentrollopportunity #moretonbay #businessgrowth #pulsepropertymanagementconsulting #businessperformancecoach #consultant

*The Importance of Proactivity and Teamwork in Rental Real Estate* In the fast-paced world of rental real estate, being proactive is not just an advantage—it’s a necessity. A well-prepared and well-trained leasing team, coupled with strategic planning, can make all the difference when it comes to maximizing property value and ensuring tenant satisfaction. One of the key elements of success is having a leasing team that is not only knowledgeable but also equipped to handle the demands of the market. The more trained and experienced your team is, the better they can navigate the complexities of lease agreements, tenant relationships, and the overall process. A proactive team can anticipate potential issues, address them early, and make sure that each step of the leasing process flows smoothly. Equally important is meticulous planning. Organizing move-ins and move-outs with precision is crucial. This is where collaboration between the leasing and technical/maintenance teams becomes invaluable. When these teams work hand in hand, any unit turnovers are seamless, ensuring minimal downtime and higher profitability. The goal is to always be one step ahead, keeping the property in top condition and ready for new tenants. However, speed alone is not enough. While it’s important to fill vacancies quickly, selecting the right tenants is critical for long-term success. Rushing through tenant selection can lead to bigger issues down the line, from rent defaults to property damage. That’s why taking the time to screen and choose high-quality tenants is just as important as moving fast. By focusing on both speed and quality, we not only optimize rent roll but also maintain the integrity and profitability of the property. It’s a fine balance, but one that can be achieved with the right team and the right approach. #PropertyManagement #RealEstate #InvestmentSuccess #RealEstateStrategy #Collaboration #EffectiveLeadership #OperationalEfficiency #ProactiveManagement #GreaterMontreal

Step into the realm of excellence with Keyrenter Silicon Valley's unparalleled leasing service! Leasing isn't merely about filling vacancies; it's a meticulous process requiring thorough research, precision, and expert knowledge at every turn. Our dedicated team conducts in-depth market analyses, ensuring your property is strategically priced and positioned for optimal success in the competitive market. We go beyond the surface, delving into demographic trends and rental demand to tailor our approach to your property's unique needs. Tenant selection is an art form, and at Keyrenter, we master it. Our rigorous screening process evaluates every potential tenant meticulously, ensuring they meet our high standards and are the perfect fit for your property. We prioritize your peace of mind, knowing that your investment is safeguarded by responsible, reliable tenants. But our commitment doesn't end there. From drafting comprehensive lease agreements to handling maintenance requests promptly and efficiently, we're with you every step of the way. Our goal is not just to find tenants but to cultivate long-term, mutually beneficial relationships that ensure your property remains a lucrative asset for years to come. With Keyrenter Silicon Valley, you're not just getting a leasing service; you're gaining a trusted partner dedicated to maximizing your property's potential. Experience the difference expertise and dedication can make. Contact us today to learn more about how we can elevate your property management experience. 📞 (408) 809-5000 🌐 https://lnkd.in/gKuBPY9g  📧 Info@keyrentersiliconvalley.com  📍900 E Hamilton Ave, Suite 100, Campbell CA 95008 #PropertyManagement #LeasingExpertise #KeyrenterSV #SanJose #SantaClaraCounty #ExpertsinProperties

I thought corporate real estate and commercial real estate meant the same thing. There is actually a difference. Corporate real estate: ✔ Real estate owned or leased by a corporation(Valvoline Inc. or Starbucks owns the real estate) ✔ Does not directly generate revenue from the real estate(land), but the business. ✔ Influenced by a company’s operational strategies and less dependent on market fluctuations(pandemic) ✔ The tenant is the corporation itself, using the space for its own business operations. ✔ Has in-house corporate real estate managers(REMs) to locate land or rental space. Commercial real estate: ✔ Typically owned by investors, developers or REITs(Real Estate Investment Trusts). Ex: shopping centers, large office buildings ✔ Generates income primarily through leasing to tenants. ✔ Driven by market demand for rental properties and investments. ✔ Tenants are external businesses paying rent. ✔ Outsources commercial brokers to locate real estate. __________ Residential realtors have a great opportunity to generate wealth as a corporate real estate manager while still selling homes on the weekend! What aspect of real estate do you like the most? ♻ Repost for someone in your network. 🏬 DM Chandler Johnson "Real Estate" if you're a residential realtor looking to transition to a profitable opportunity in corporate real estate.

Far too often multifamily managers are treated by property owners like another vendor to squeeze, instead of a strategic operator empowered to drive positive outcomes. Most #propertymanagers bring this on themselves by having an inflexible and rigid operating model, relying on stale old "best practices", and putting junior-varsity level talent on-site - alone on an island - without real support or guidance. But it doesn't have to be this way. It's clear for everyone that fostering a true partnership mindset between operator and owner - ie. sharing business plans & goals, aligning on the best ways to achieve the goals, and developing a strategic operating plan to execute them - is THE way to create the outcomes desired. It's why at CHARLESGATE we've designed a flexible and nimble team-based "pod" operating model that allows us to build strategic alignment with a service model for each client to achieve the desired outcomes of ownership. With team-based pods, our staffing and service levels can flex up and down to serve properties of all sizes, from mid-market to institutional-size assets. We can build unique operating plans to achieve goals for various segments - high-rise development, garden, class A luxury, workforce housing, student housing - and different types of business plans and investment strategies - value-add, merchant development, long-term hold, short-term. On-demand services like professional leasing teams and centralized maintenance ensure high-caliber results, but not fixed overhead. Project management teams manage renovations and drive capital plans. Integrated, strategic marketing is focused on revenue and NOI, not "leads". Bottom line 👇 It's a hell of a lot easier to be strategic and align goals when you've got the tools and the operating model to do so. **Have a property that needs a fresh set of eyes? Todd Mikelonis or I are happy to chat. h/t Steven R. for the inspiration to this post.