Best Practices for Monitoring Multifamily Properties Part II - Site Inspection & Property Management Evaluation

LEARNING AREA:
Partner Events
Birch Island Real Estate Consulting

Location

Online

Description

​​Sierra Heights Apartments, LP is among the weakest multifamily projects in your tax credit portfolio. You recently added the asset to 'watch list' status due to a sharp decline in occupancy and operating deficits (Best Practices Part I webcast). Of course, a back-office desk review of financial statements and operating reports is only part of the big picture, right?

Site visits can reveal many clues about a property’s operational troubles and potential corrective actions. If you have limited experience conducting site visits to evaluate multifamily assets and property operations, this training is for you. Join Vinnie Viola, principal of Birch Island Real Estate Consulting, for a 90-minute training that offers a framework for conducting multifamily site visits. Vinnie shares his asset manager’s perspective of a typical two-part site visit, which includes a property physical inspection and evaluations of property and maintenance staff and their policies and procedures.