PROPERTY MANAGEMENT

 

Turn your investment into a profitable one

Wheeler Commercial works closely with property owners to provide custom property management solutions that will maximize the value of your property assets. With over 35 years of experience managing properties in Southeast Texas, our team is focused on your business objectives and your bottom line. We’ll help elevate property demand, increase value and reduce operating costs.

Let us handle all the details of your property from tenant screening and maintenance to operations management and financial reporting. No matter how big or small the property, we have your solution.

Read the case study below.

 

Property Management Case Study


Town Park Apartments

Quick Facts:

20 Unit Complex | 16,880 SF | Beaumont, TX

challenge

Town Park Apartments was an underperforming property with low rental income and an unstable occupancy rate that was only 75% full at the time.

Solution

When we took over the property management of Town Park, our first priority was to stabilize occupancy and income rates. To do so, we had to implement a new system for thoroughly vetting tenants. This initially caused the occupancy and income rates to drop(1) but this also allowed us to find more stable and higher paying tenants. We then made improvements to the individual units as well as the property. Over time, the occupancy rate steadily increased and eventually began to stabilize, giving the owners a steady occupancy and income rate(2). After a year of management, occupancy stayed above 85% and Town Park has become a prosperous investment for this client.

* Town Park has been sold and is no longer a property that we manage.

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