- Property Management Intensive:
Class B & C properties require a strong leadership team that can manage all aspects of property management, from renovations to customer service. Third-party property management companies do not have the same economic incentives and, therefore, may not be in line with investor expectations.
- Attention to Detail:
Most management firms have an average or even poor system of checks and balances as well as procedures and policies in place. It takes a team with an ownership mentality to ensure that all aspects of the property are running smoothly.
Selection Criteria Highlights
Supreme, densely populated location in desirable areas of the Greater Houston area
Proximity to major employment centers
Favorable demographic trends
Potential for ratio utility billing system (RUBS) or utility bill back
Successful Implementation of Business Plan
- Asset Management
- Property Management
- Construction Management