Essential Elements for Successful Asset Management of Your Multifamily Rental Portfolio
Multifamily Asset Management Series:
- Partnership Agreement Essentials for Owners and Developers of LIHTC Housing 3/13
- Essential Elements for Successful Asset Management of Your Multifamily Rental Portfolio 3/20
- Multifamily Performance Metrics that Matter - The Portfolio Dashboard Perspective 3/27
This training is being offered in conjunction with Partnership Agreement Essentials for Owners and Developers of LIHTC Housing and Multifamily Performance Metrics that Matter - The Portfolio Dashboard Perspective. If you are registering for all three trainings, there is a discounted rate of $42 each ($126 total) for MACDC Members and $67 each ($201 total) for Regular tickets-
You must register at the above link and the Partnership Agreement Essentials for Owners and Developer of LIHTC Housing and Multifamily Performance Metrics that Matter - The Portfolio Dashboard Perspective links.
If you are only registering for Essential Elements for Successful Asset Management of Your Multifamily Rental Portfolio, please select the regular pricing at $50 (MACDC Member) or $75 (Regular).
For-profit and not-for-profit owners of multifamily rental housing recognize that asset management is a necessary and critical, but sometimes underappreciated or simply undeveloped function, within real estate developer organizations. In this intermediate-level training, participate in group exercises and learn about the essential elements of a successful asset management function from Vinnie Viola, a veteran multifamily consultant. The session is divided into two parts:
- Part I – Tell Us About Your Organization’s Asset Management Function and Multifamily Housing Challenges
- Propose we distribute a list of questions for registered class participants prior to the class
- Part II – Essential Components of a Robust Multifamily Asset Management Function:
- Manage Key Project Documents and Files
- Understand Project Expectations and Milestones
- Transition Projects from Development to Stabilized Life Cycle Phase
- Comply with Project Regulatory, Program and Contractual Obligations
- Analyze Property Operations with Key Performance Metrics
- Evaluate Property Management Performance
- Assess Property Physical Condition and Capital Sources
- Prepare and Periodically Update Property-Specific Asset Management Plan
- Leverage Financially Feasible Technology to Facilitate Effective Asset Management
- Manage Internal and External Reporting
- Integrate Asset Management into Your Organization’s Strategic Plan
Presenter Bio: Vinnie Viola, HCCP, MPA, is principal of Birch Island Real Estate Consulting, LLC, based in Milton, MA. Formed in 2013, Birch Island offers asset management expertise and web-based and private trainings to funders, owners, developers and operators of multifamily housing funded with Low-Income Housing tax Credit (LIHTC) equity. With 25+ years’ experience, Vinnie has worked in for-profit, government and not-for-profit organizations that invest in, asset manage and regulate multifamily affordable housing. His career includes ten years in various leadership roles with two Boston-based tax credit syndicators, through which he acquired expertise with multifamily asset management best practices. In these roles, Vinnie actively participated in hundreds of investment committee meetings for prospective tax credit investments. He proactively asset managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity. Among other clients, for NeighborWorks America Vinnie participates in organizational assessments of charter member organizations, focusing on profitability and production of real estate development, asset management and property management lines of business. Vinnie received his Bachelor of Arts in Geography from the University of Massachusetts Boston and a Master of Public Affairs from the University of Texas Dallas. He is an active member of NH & RA's Asset Management Council, a unique peer network that convenes affordable housing executives from multifamily development firms as well as syndicators, tax credit investors and lenders, to develop operational best practices.