What We Do
Property Management
Multi-Family Management
Mike Clark heads the Multi-Family Management operation at Alpha-Barnes. This division is staffed by long-term associates whose experience and longevity in the multi-family and affordable housing industries offer competent, trustworthy, and loyal property management and compliance services to the communities they serve.
The Multi-Family Management division of Alpha-Barnes specializes in all types of residential apartment properties.
- Conventional and Market Rate
- Section 8 (New Construction, Section 202, Section 811)
- Bond-Financed (including State Allocations and Non-Profit Tax Exempts)
- Low Income Housing Tax Credit (LIHTC) (including mixed income properties)
- Seniors Properties (including those for families over 55 and over 62)
The company has assembled an experienced team of professionals who have long term relationships with Alpha-Barnes and the multi-family industry. They understand the complexities associated with maximizing an owner's asset value in today's intensely competitive market as well as the critical nature of governmental compliance in the various affordable housing programs. The company is committed to offering an owner the highest quality of service available. Among the services available to clients are:
- basic consultation,
- asset evaluation and analysis (due diligence),
- marketing and leasing,
- tax credit and affordable housing compliance services,
- training in all aspects of property management,
- maintenance planning and training.
No two apartment communities are the same! Alpha-Barnes analyzes the physical condition, assesses the surrounding market and considers the quality of the income and resident base as parts of a unique management and / or marketing plan that is developed for each property. The plan is intended to capitalize on a property's strengths and overcome difficult management issues. It is designed around the specific goals and objectives of its owners. The plan weighs cost-versus-return, with emphasis on meeting the investor's return goals. The plan for each asset is designed to maximize Net Operating Income while preserving the physical integrity of the asset and meeting any and all compliance requirements.
The Texas market in the 2000's has changed! An owner incurs substantial expense renovating apartments and generating traffic. For this reason a management team must be proficient in converting traffic to leases, screening residents' credit worthiness and ability to pay and implementing ongoing resident retention programs to reduce turnover. As part of their service, Alpha-Barnes prepares a detailed marketing plan tailored to each property's location, physical condition and targeted resident profile. In addition, their employees are given extensive training in marketing and closing, and Alpha-Barnes considers their performance in these areas to be a major component in their evaluation. The difference between success and failure is leased apartments to qualified residents.
