Distressed multifamily assets are hitting the market in growing numbers as lenders run out of patience with extend-and-pretend strategies. For buyers, the opportunity is real.
Most property management firms are laser-focused on the top line. Frank Gervasio, Director of Finance at OneWall Communities, says that’s exactly where they go wrong.
The Problem A couple of years ago, we faced a growing problem: fraudulent applications. Residents would pass all our qualifications, move in, and then stop
When Ron Kutas watched lease applications drop to nearly zero at his workforce housing properties, he initially suspected a software glitch. The fraud detection system OneWall
A property generating $1.5 million in annual revenue can quietly lose $75,000 to poor expense management, and most investors never notice. Ron Kutas, founding partner
A property generating $1.5 million in annual revenue can quietly lose $75,000 to poor expense management, and most investors never notice. Ron Kutas, founding partner
The Wrong Questions After 15 years as owner-operators and now as a 3rd party management company, we’ve noticed a pattern: property owners often focus on
The Vendor Relationship Wake-Up Call When we began taking over distressed assets in the Southeast, we encountered an unexpected challenge that had nothing to do
The Extend-and-Pretend Era Is Ending For the last several years, the multifamily industry operated under a comfortable assumption: when loans matured and properties couldn’t refinance,
OneWall Communities is bringing its owner-operator approach to workforce housing management across the Southeast, marking a significant expansion from its traditional Northeast base. The vertically
