If you are an accredited investor or you just want to learn more about apartment syndication, then this is the page you want to start with! This resource is here for you to educate yourself on the process of apartment syndication and learn the some of the “Lingo” that will be thrown around by a sponsor or syndicator.

The power is in the knowledge and that is what we wanted to provide to our investors. The sole purpose for this section is to give you, as the investor, all the tools you need to make informed decisions with your investing

1. Introduction of Oak Leaf Management (09 – 6:41)
  • Analyzing the Trailing 12 months expense to build the business plan
  • Income explained: Gross Revenue, loss to lease, bad debt
  • Accrual vs. Cash accounting pros and cons
  • Other Income – RUBS

2. Expense Analysis – how to save money ( 6:45 – 9:59)
  • Payroll – rule of tumb!

3. Marketing and Advertising (10:05 – 12:42)
  • Maintenance and Turnover Costs – make ready, maintenance costs

4. Utilities (12:43 – 15:42)
  • red flags to consider, outside services and office administration analysis

5. Property insurance & Tax expense (15:45 – 19:01)
  • coastal implications, blanket umbrella policy advantages
  • taxes – county specific in TX and can vary widely

6. NOI & Capital Expense analysis (19:02 – 20:22)
  • Cap-x are Owner & lender requirements
  • Categorization of expense above or below the NOI line and its implication
  • Summary: T-12 analysis drives the business plan for the new owner

7. Pro-Forma Development
  • Economic Vacancy – building the revenue assumptions based on historical improvements ( 21:04 – 22:49)
  • Expense Improvements (22:50 – 25:49)
     ◦ Payroll – 1in, 1 out per 100 doors
     ◦ Administrative
     ◦ Contract Services
  • Marketing & Maintenance expenses (25:50 – 29:40)
  • Utilities, Management fees (29:42 – 32:39)
  • Insurance and Taxes expense (32:41 – 34:04)

8. Summary – building the business plan (34:08 – 37:22)