Signs you are here
- Rents and leasing lag the market around you.
- The property manager is not delivering, and a transition looks inevitable.
- Deferred maintenance is piling up, and the renovation scope scares buyers and lenders.
- Owners in a tenancy-in-common or joint venture do not agree on the plan.
How I work it
- Audit the operationLeasing, collections, vendors, staffing, and the budget.
- Price the workScope the renovation and the building systems so the capital plan is real.
- Fix managementTighten the current team or run a clean transition to a new one.
- Asset manage every monthBudgets, KPIs, and the decisions that create value.
Where I have done it
Own & Operate · Santa FePaseo RetreatNobody wanted it. The scope that scared everyone off is what made it cheap.Own & Operate · DenverDenver MultifamilyNot a passive check. Deep in the operations and the strategy.Capital · Preferred EquitySt. Louis MultifamilyI raised a fund, it was repaid on schedule, and I put the money back to work in stabilized multifamily.
Questions
Do you take over property management?
I work on the owner's side. I asset manage, run management transitions, and set up the systems, SOPs, and vendors. On my own buildings I run the operation directly.
Will you look at a property other buyers passed on?
That is often the best kind. Paseo Retreat in Santa Fe scared buyers off because of the renovation scope. I could price the work, bought at an attractive basis, and it now earns among the highest rents in the city.
Where do you invest?
Santa Fe, Denver, and St. Louis today, and anywhere the deal is stuck.