Multisite property management expert strategies by William Alce, Georgia 2023: Just as property comes in many types, so do property managers. Some firms are specialized in providing management for a particular type of property, others offer management services over a range of property types. A huge range of property types can be managed. Residential property managers are typically hired for rental properties, and manage the rental process. They can be hired to manage: Single-family homes; Vacation rentals; Multi-family homes; Townhouses; Condominiums; Apartments; Manufactured homes; REO properties Read more details at William Alce
William Alce, Georgia 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)
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.
What Is Property Management? Property management is the practice by which a third party is responsible for maintaining a residence’s status quo and appeasing its occupants. Therefore, property managers are traditionally hired by rental property owners to oversee the daily operations of their real estate assets and deal with any questions or concerns the tenants may have. Property management companies can handle a variety of property types, ranging from single family homes to vacation rentals. Some further examples include condos, apartments, mobile home communities, and office or retail spaces.
Will Hiring Property Management Companies Benefit Me? There are plenty of investors who fully support the use of a property management company. However, there is no rule stating that anyone needs a property manager. While property management companies have several advantages, they are so costly. Therefore, plan on hiring a property manager if: You don’t want to be an employer. Hiring employees like a resident manager comes with several responsibilities, such as payroll and legal requirements. A property management company is not your employee; they are independent contractors. Using one will save you the burden of becoming an employer. You can afford the added cost. Property managers will charge a percentage of the rental fee, which is well worth it. The same fee can rid landlords of a lot of headaches and free up a lot of their time to invest in other places. You have limited time. Even if you don’t mind managing your property, you may not be able to actively work on the property every day. If you plan on focusing more on running your business, hiring a property management company may be your best course of action.