July Residential: what The PM can do for your Houston communities

Prepared for Isaac Pinto, Managing Partner. Read on November 4, 2026. Nothing here comes from your systems. It is what anyone can read from the outside, plus an example we built with the assumptions written out. WHAT WE SEE 1. Your firm bought six Houston apartment communities in 2021: five garden-style properties of 178, 73, 428, 268 and 328 units (1,275 units, built roughly 1976 to 1983) and Carmel Creek, 536 units, built 1982. Together 1,811 units. We do not know which of them you hold today or who runs them, so we did not read their review pages or listings, and we state no number about a specific building. 2. For communities of this age and size, the work that repeats every day is the same: every lead has to be answered and the tour booked, every resident review has to get a reply, every work order has to go to a vendor whose invoice is later checked, and rent has to be collected and the month closed. WITH THE PM (class: can, a forecast, not a result and not a promise) - Every new lead can be answered within a day, with the tour booked. - Every new resident review can get a drafted reply the same day, for a manager to check in a minute or two. - A vendor invoice can be checked against its contract and the market price on every work order. - Rent collection and the month close can be tracked in one place. AN EXAMPLE OF THE EFFECT (illustrative, not a client result) For example, take a 400 unit Houston garden community. Say rent averages $1,100 a month, so income is $5.28M a year, and operating expenses are 50 percent of income, $2.64M. If The PM checks every operating expense line against its contract and the market price and finds a gap of, say, 5 percent, that is $132K each year, about $132K more NOI, and about $2.64M of value at a 5 percent cap rate. Assumptions: 400 units, $1,100 average rent, operating expenses at 50 percent of income, a 5 percent gap, a 5 percent cap rate. All of these are ours, not reported by you. Your numbers will differ. HOW WE READ - Acquisitions, unit counts and build years: as reported in the trade press at the time of the deals (2021). - The example is arithmetic on stated assumptions, not a measurement of any building.