Property management expert advice by William Alce right now: Who Needs a Property Manager? Several types of property owners can benefit from the services that property managers offer. Landlords, for example, hire property management firms for a variety of reasons. Some may have multiple rental properties in their portfolios and lack the time or expertise to maintain the properties and deal with individual tenants. Some owners only have an interest in owning rental properties and earning profits from them. When this is the case, they hire professional property managers. Absentee landlords also make use of property management services. Some property management companies cater to individual landlords who rent out a single property such as a vacation home. Read more info on 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)
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.
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.
What Does A Property Manager Do? The cost of property management is a valid argument, especially when you consider detracting from your bottom line, but I can assure you it’s doing anything but. Yes, a property management company will indeed cost additional money to hire, but I like to think of it as an investment instead of a cost. You see, a good property manager can very quickly return more than their own initial cost. After all, the average property management company will typically award investors with the following: Property managers will collect rent from tenants; Property managers will listen to maintenance requests and address the problem; Property managers can deal with defaulting tenants that are months behind in rent; Property managers will market a subject property to limit vacancies; Property managers will keep detailed records of everything happening at the property; Property managers will help simplify your taxes; Property managers will draft and execute new leases; Property managers will conduct rental rental rate studies to select ideal rent rates.