Company Profile
DRE LIC. 01235912
Real Estate Brokerage
WM Properties, Inc is a full service real estate brokerage and asset/property management company which provides services which are fairly unique in the industry due to the following:
INTERNAL RATES OF RETURN EXCEEDING 15% YEAR
- It provides asset-property management and leasing as well as acquisition and sales services. This enables the firm to ably assess the expected leasing revenues and operating costs and benefits of a prospective property acquisition.
- Its principal is also a licensed architect. This provides the firm with insights into how a building acquisition might be altered or expanded in order to increase an owner’s return on investment through higher revenues and/or more efficient operations.
- The company is headquartered in San Francisco and limits its services to the City and adjacent counties. This ensures investors of a thorough base of knowledge and expertise with local real estate conditions and trends
- Houses
- Office buildings
- Apartment buildings
- Land for development purposes
- $100 million apartment building portfolio
- $120 million hotel portfolio
INTERNAL RATES OF RETURN EXCEEDING 15% YEAR
San Francisco Real Estate Investment Climate
San Francisco represents excellent economic conditions for income producing real estate investments resulting from, among other factors.
- High demand due to:
- Visual amenities
- Comfortable climate
- High quality environment
- Rich culture
- Excellent employment potential
- Limited building supply due to:
- Geographic boundaries
- Height limitations
- Vacant land unavailability
Building Management Approaches
The firm uses the background of its owner in real estate, accounting, architecture and construction in order to develop cost effective management strategies for the properties under its control. The following is a summary of some of the techniques it uses in order to maximize rent revenue, minimize operating costs and procure value-added capital improvements:
Acquisitions:
Below are examples of residential plans which were altered to improve the market value of the property:
Acquisitions:
- Identify buildings and locations which have high probability of future rent increases, low vacancy rates and opportunities for physical upgrades
- Employ acquisition financing approaches which will support future value enhancements
- Use energy and water cost control strategies
- Apply for property tax reduction
- Minimize repair and maintenance costs with effective labor and procurement approaches
- Use insurance master multiple building policies to minimize insurance costs
- Maintain a staff of in-house employees to undertake leasing, repairs, and janitorial work
- Provide each field employee with means for efficient and direct contact with tenants
- Create negotiated rate relationships with vendors for services not provided by staff
- Buy supplies in bulk on an annual basis for all properties
- Prepare designs which increase the value of the property such as the following:
. Converting large studios to one bedroom units or large one bedroom units into two bedroom units
. Adding leasable space to existing underutilized ground floor space
. Adding leasable space by adding a floor or horizontal addition
. Adding second bathrooms to large units with only one bathroom - Prepare a cost benefit analysis to determine if the value added by a capital improvement exceeds the cost of constructing the improvement
- Construct improvements using competitive bidding or cost-plus-fixed fee contracting
- Monitor loan characteristics to ensure that cost-effective financing is placed on the property
- Assist in indentifying and evaluating new loan options
Below are examples of residential plans which were altered to improve the market value of the property:
