Wesley Apartment Homes

As the owner of a diverse portfolio of multifamily communities, our owner’s mentality enables us to create a specialized and unique approach for each managed property.  Our property management division is branded Wesley Apartment Homes.

Each of our properties is assigned an individual property manager who directly oversees the property’s day-to-day operations.  With the coordination of the central office, Avila provides the following property management services:

  • Annual Budget / Management Plan development
  • Rental income and occupancy optimization
  • Timely rent collection and bad debt management
  • Audit review and payment of all property expenses
  • Lease expiration management
  • Time sensitive financial reporting
  • Accounting for all property income, expenses, assets and liabilities
  • Consistent market analysis and competitor surveys
  • Building, grounds, and equipment preventative maintenance programs
  • Staff Management and training
  • Establishing quality resident relationships
  • Cost effective purchasing power when negotiating contracts from suppliers and other service companies
  • Real estate tax and assessment analysis
  • Capital budget recommendation
  • Proforma forecasting
  • Seamless Online Resident Portal

Due Diligence

Avila’s professionals have knowledge and experience in the local market, enabling us to successfully perform and oversee the due diligence process from start to finish.  This positions us to be better prepared for the definitive takeover of a property.  Our comprehensive property due diligence services include:

  • A unit-by-unit walk-through inspection
  • Exterior physical inspection
  • Mechanical systems inspection and assessment
  • Utility review and metering assessment
  • Vendor contract review
  • Insurance and risk review and assessment
  • Demographic analysis
  • Sales comparables
  • Market comparables and marketplace analysis
  • Property marketing programs
  • Interviews with existing staff and staffing analysis
  • Complete lease audits
  • Capital improvement budget preparation
  • Operating proforma budget preparation
  • Tax appeal coordination

Approaching the due diligence process from an owner’s point of view, Avila’s goal is to maximize the return on our clients’ investments by identifying potential physical, financial, and market problems.  All-too-often, these problems are overlooked during the acquisition process, and it isn’t until after the purchase is complete that additional capital expenditures are identified and required for continued operation of the property.

Construction, Renovation, and Rehabilition

Experience and expertise are the trademarks of Avila’s construction division.  Avila has a solid working relationship with its vendors to proficiently manage and plan construction and remodeling projects, from minor repairs to major rehabilitations and property expansions via phased construction.

Avila’s superior construction management allows us to be competitive in the marketplace and maximize the property’s income, while minimizing the inconvenience to both management staff and residents.  As a result, throughout the construction/renovation process, the rental income is optimized through strategic phased lease expirations and staggered vacancies.

Avila’s construction and renovation services include:

  • Project conceptual design
  • Evaluation of alternatives
  • Bid supervision
  • Construction management
  • Construction project accounting
  • Property rehabilitation/market repositioning