VW Multifamily
VW MULTIFAMILY

Results

Achieve PEAK NOI. Increase The Value.

Case Studies


vw Multifamily  - Charleston, sc

Our property’s tenant base consisted entirely of subsidized Section 8 tenants and the third party manager told us the property would never be able to achieve greater things.  However, like most real estate investors and owners, our main objective is always achieving what we call Peak NOI and thus increasing the value of our real estate.  We knew we had a quality asset in a quality submarket, and we believed we could achieve Peak NOI and significantly raise the value of the asset by leasing to conventional tenants paying higher market based rents.  The recommendation to remain Section 8 was an average approach.  We were not about to settle for average property management. We took over the management and that is how we began our property management division. 

Today, our property management platform has grown and we continue to invest in our business through talented people and technology.  As for that apartment community that led us into the property management business?  We still own it, and today it is a 100% conventional market rate property.  We increased the real estate value to 3.6 times the purchase price with minimal improvements.  

At VW Multifamily, we manage your apartment asset like we own it. 


vw multifamily- charleston, sc

As he worked to close on his first apartment acquisition, the property owner was originally required by his lender to use a Top 50 Property Management company instead of VW Multifamily.  After a year of being just another client of a large national property management firm and having his valuable real estate asset overseen by an out of state regional manager, the property owner decided to hire VW Multifamily.  

VW pushed rents, added a water recoupment fee and tightened expenses.  VW increased NOI by 10.2% in the first 19 months of operations, increasing the owner’s equity over 30%.  

VW also made the simple move of changing the due date for the monthly mortgage payment from the first of the month to the sixth which lowered the cash reserve needs and freed up funds for a one time owner distribution that increased that Year’s total distributions by 10%.  

At VW Multifamily, we manage your apartment asset like we own it.