Webcast: Best Practices for Monitoring Multifamily Properties Part I – Analysis of Financial Statements and Operating Reports
Register for the Entire Series
- Best Practices for Monitoring Multifamily Properties Part I – Analysis of Financial Statements and Operating Reports
- Best Practices for Monitoring Multifamily Properties Part II - Physical Inspection & Management Evaluation
Planning to be on vacation during the live webcast? No worries, we'll send paid registrants the on-demand video link.
About This Training
You recently joined Canyon LIHTC Capital as a multifamily asset manager. Your new portfolio consists of 50 tax credit partnerships in various life cycle phases. On day one, you eyeballed the portfolio summary report and noticed declining operating trends with Sierra Heights Apartments, LP. Yet the former asset manager had rated the property an ‘A’ in the prior quarter. Your intuition tells you something’s not right. So the question is, what financial statements and operating reports will you gather for your desk review? What story will you tell the investor in the coming quarter’s watch list report? Seasoned asset managers routinely deal with challenged properties such as Sierra Heights. But, if you’re new to multifamily housing, Best Practices Part I is for you. Join Vinnie Viola, Principal of Birch Island Real Estate Consulting, for this 90-minute introductory-level training that gets into the weeds— that is, picks apart financial statements and reports— to troubleshoot multifamily property operations.
Training topics include:
- Asking rents vs. maximum LIHTC rents
- Income statement and budget variances
- Debt service coverage ratio & expense coverage ratio
- Balance sheet & working capital
- Rent collection and bad debt
- Occupancy- physical vs. economic
- Unit availability- what’s on the ready line?
- Watch list ratings in a nut shell
- Asset management action plan
- Sample Property Operations Dashboard (spreadsheet)
Is This Training For Me?
Vinnie offers his seasoned asset manager’s perspective in this introductory level training. If you’re new to multifamily housing, this training will expand your working knowledge of rental property operations and key performance metrics. This training is ideal for:
- Junior asset managers
- Property managers with limited operations experience
- Development staff that want to learn the other side of the business
- Others that want to learn the basics of evaluating multifamily operating performance
About the Presenter
Vinnie Viola, MPA, HCCP, is Principal and Founder of Birch Island Real Estate Consulting, LLC. His company provides asset management consulting services and web-based and private trainings to owners, developers, operators and investors of multifamily housing funded with LIHTC equity. With over 25 years’ experience, Vinnie has worked in for-profit, government and not-for-profit organizations that invest in, manage and regulate affordable housing. His career includes ten years in various syndicator leadership roles at Boston Financial Investment Management and Boston Capital, through which he gained expertise with asset management best practices. In these roles, Vinnie participated in hundreds of investment committee meetings for prospective tax credit investments. He proactively managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity. Vinnie received his Bachelor of Arts in Geography with concentration in urban planning from the University of Massachusetts Boston and 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.
Contact Vinnie at 617-905-6340 or firstname.lastname@example.org with any questions about this training.