Due Diligence, Buying and Acquiring a Multifamily Asset
Looking at a business opportunity and not sure if it’s a good investment? Flaherty & Collins Properties can help investigate and evaluate this opportunity. Our due diligence team will provide you:
At Flaherty & Collins Properties, we are focused on customer service in all aspects of the multifamily industry. Our dedicated accounting team works every day to provide the most up-to-date and accurate financial information to property owners ensuring that we exceed all expectations in quality of service.
The marketing department at Flaherty & Collins Properties works with both internal development teams and fee managed community site staff and Regional Property Managers to ensure that the community is hitting their budgeted occupancy goals, as well as receiving the best return on investment in advertising and marketing efforts.
The marketing department requires each site to fulfill a number of items on an annual and monthly basis, as well as, providing services during lease-up and after stabilization.
Flaherty & Collins Properties’ Compliance Department directs and monitors federal, state, and local compliance of approximately 4,000 affordable housing units and has worked extensively with the Indiana Housing and Community Development Authority (IHCDA), and its administration and monitors, as well as respective housing agencies in Georgia, Illinois, Kentucky, Michigan, Ohio, Tennessee, Texas, and Virginia.
All tax credit communities are visited by members of the Compliance Department regularly each month to review files and provide training, answer questions and provide assistance. In addition, all tax credit communities receive a 10% – 20% file review each month performed by Compliance Monitors.
Monthly Event Tracking Reports; lists all move-ins, move-outs, and re-certifications that occurred within that month.
Monthly re-certification notices are sent to all residents who reside in our affordable communities.
HCCP – Housing Certified Credit Professional
COS – Certified Occupancy Specialist
COSP – Certified Occupancy Specialist for Public Housing
AHM – Assisted Housing Manager
LIHTC – Low Income Housing Tax Credit Specialist
TCS – Tax Credit Specialist
MORS – Management Occupancy Review Specialist
Flaherty & Collins Properties provides IT services for all managed properties, 24-hours per day, 7-days a week through a strong consultant relationship.
Flaherty & Collins Properties Management understands the complexities of properties in Receivership. Our 20+ years of experience puts us among the industry leaders in managing and leasing these properties.
Since 1997, Flaherty & Collins Properties has managed 30 multi-family properties for receivership, totaling over 7,000 units in Indiana, Illinois, Iowa, Michigan and Ohio. We also managed five office buildings totaling, 180,000 square feet; four industrial buildings totaling 1.5 million square feet; and one 150-unit hotel. Receivership periods of these properties range from six months to three years.
Our goals of receivership include: keeping all parties informed of activities occurring at the property; file all required reports with the court; protect and preserve the asset; and maximize the monthly net operating income.
As the management company for your property, Flaherty & Collins Properties will provide all the services that our owned and fee managed properties receive from the accounting, compliance, IT and marketing departments.