Best multisite property management solutions by William Alce, Georgia
Multisite property management expert strategies from William Alce 2023: Property owners who participate in affordable housing programs tend to use property management services because their rental properties are subject to complex federal guidelines that require specialized expertise. Certain real estate brokers also operate as property managers. For example, a broker in a resort town may provide buyer and seller agent services as well as property management services. When this is the case, the real estate broker lists, shows, leases, and maintains vacation rentals for a number of property owners. Property managers are different from community managers, which deal with common areas rather than individual units and don’t necessarily deal directly with landlords. Find additional details on William Obed Alce
William Obed Alce is a Senior Level Multisite Property Manager with 22+ years’ experience in asset and project management for conventional and affordable communities. Proven track record of using effective leadership experience to affect improved property performance through expense control, site control and resource optimization to consistently increase value for owners and investors.
– Comprehensive experience in improving physical assets and streamlining operations at ailing properties and reducing crime at affordable housing units, with experience managing budgets from $1.6M to $30M and overseeing accounts totaling $68M.
– Specialized in the formulation, implementation, and execution of comprehensive site control plans to reduce crime and improve property reputation and perception as well as enhance customer confidence, and loyalty. The derivative of which is positive community perception of the assets.
– Achieved REAC Scores of 92A-98B at Integral Property Management (IPM).
– Supervised, trained, and coordinated staff of 38 employees and 30+ contractors at IPM.
– Increased gross revenue at Columbia Group by 4% 1st Quarter post hire, and by 7% within 9 months.
– Improved occupancy rates at Riverstone Residential Group by 8% during the 1st quarter there, and by 6% at Ventron Management within six weeks.
– Grew ancillary revenue at Riverstone by 7% through successful negotiation of bad debts and cured 100% of rent abatements during the first two months of employment.
– Developed and implemented enhanced preventative maintenance program that reduced capital expenditures at Riverstone Residential Group by 12% and at Lynd by 7%.
– Created a 24% upsurge in total vacancy readiness at Ventron within 5 weeks, and a 7% rise in leased occupancy rates (to 99%) within 4 weeks.
– Boosted resident retention rates throughout all assets with an annual renewal rate of 78% at Lynd Properties and 88% at Riverstone Residential.
– Decreased delinquency at Ventron by 50% within 2 months, while increasing collections by 16%.
– Recognized as Most Improved Property: Lynd Company Affordable Housing Category Southeast Region (chosen from 68 properties), Top Performer: Ventron Properties 200+ Category (selected from 14 properties), and Rising Star: Columbia Property Group (chosen from 30 properties).
– Received Columbia Property Group CUP (Cool Under Pressure) Award, created in my honor (selected from 30 properties) and R. James Properties Highest Average Occupancy Award: (chosen from 25 properties).
– Computer proficiency includes Windows 11, Yardi Voyager, OneSite (RealPage), RentRoll, eSite, iCam, LRO, Yieldstar, Salesforce and Microsoft Office Packages.
– Exceed NOI expectations 12 months ahead of schedule at Columbia Residential. – Beat NOI year over year growth by 14% at Columbia Residential.
– Fulton County Law Enforcement Training Center – Marksman Award & Top Academic Student (Valedictorian) – Winner of Charles L. Edson Award for HUD Property Preservation 2020 (Amani Place).
– Winner Property of The Year – The Tower at Dorsey Manor
MEMBERSHIPS & ORGANIZATIONS & VOLUNTEER WORK
– Executive Member- Kappa Alpha Psi Fraternity Inc. (Queens Alumni Chapter – (1996-1999); Sergeant-At-Arms & Keeper of the Exchequer (Chief Accounting Officer)
– Board Member- Marietta Police Athletic League (MPAL) 2007-2012
– Board Member- Franklin Rd. Weed & Seed Committee (US Department of Justice) 2007-2010 Committee Chair – 2008-2009
– Board Member – MERG (Meridian Educational Resource Group) (2018 – Present) Whitefoord Medical Centers (HERSA Certified) Whitefoord Early Learning Academy (WELA) (A Quality Rated childcare program). – Volunteer at the Center for Family Resources Center (2018 – Present) Committee Chair – 2008-2009
– Assistant Basketball Coach – South Cobb Recreation Center (7–9-year-olds). (2019-2020)
Their main roles are to manage routine tasks delegated to them by the owners and to preserve the value of the properties they manage while generating income. Property management is the oversight of real estate by a third party. Property managers can manage various types of property: residential, commercial, industrial, and property for special purposes. Property managers are generally responsible for the day-to-day operations of the real estate, from screening tenants to arranging for repairs and maintenance. Owners pay property managers a fee or a percentage of the rent generated by the property. Every state has its own laws regulating the activities of property managers.
If a property is vacant, it’s the property manager’s job to see to it the house is rented. As its name suggests, property management takes care of every aspect of a rental home, from marketing vacant space and signing leases to collecting rent and calling for repairs. Few strategies, for that matter, are more beneficial for a rental portfolio than hiring a third-party property manager, which begs a simple question: How do property management companies work?
Collecting rent is one of the most obvious tasks of a property manager. However, if that’s all property managers did, it would certainly be harder to justify hiring one – especially with online payment capabilities. Of course, that doesn’t mean collecting rent is easy by any means. If all of your tenants are paying their leases upfront in full and you don’t mind paying a great law firm when things don’t go right, you might wait to evaluate all of the services. Yet, most real estate investors are not in that situation. Some operate in markets where it is a battle to reel in the rent every month.