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Seniors / Multifamily Management
"When you took over the management for Foothill Terrace, vacancy was 9% and collected rent was $41,611.00. In just seven months, you have decreased vacancy to 0% (with a waiting list) and collected rent has increased to $45.880.00 (10.3% increase). Annualizing this increase at an 8.5 cap rate, you have increased the value of our property one million dollars!"
Ray Stone Incorporated's Residential Division provides fee management and consulting services for multi-family and active senior living properties throughout Northern California. Our management team is proud to be one of only 525 firms nationwide certified as an Accredited Management Organization by the Institute of Real Estate Management. This certification is granted for high integrity, knowledgeable staff, and strong portfolio performance.
- We establish strategic business plans with our owners based on their goals, and we advise them of trends and potential opportunities.
- We provide our residential staff with extensive, ongoing training in various aspects of property management, marketing, and maintenance through our Ray Stone Academy.
- We improve net operating income by maximizing rent growth, reviewing and negotiating "win-win" contracts with vendors, and finding ancillary income opportunities.
- We utilize MRI property management software to provide flexibility and consistency to meet the financial reporting needs of our clients.
Ray Stone Incorporated's residential portfolio includes conventional and subsidized multifamily and active senior living properties. Our team has experience in bond-financed reporting criteria, HUD subsidy submittal requirements, and congregate care management. Additionally, our team has experience in new construction openings, rehabilitation, and management turnarounds.