Consulting services for multifamily rental owners and developers

With more than 800 properties in our New York portfolio, we know how to achieve smooth-running, financially sound properties that maximize occupancy and income. Our experts offer comprehensive consulting and advisory solutions to institutional investors, family-owned portfolios, and developers. To date, we’ve opened nearly 200 pristine developments, and more than 95% of our clients retain FirstService for full-service management upon completion.
 

We provide end-to-end solutions and personalized services that span all stages of the project lifecycle and are tailored to the unique attributes of each property.

Pre-development consulting

• Design document review
• Analyzing proposed amenities
• Reviewing interior organization and unit numbering schemes
• TCO phase scheduling
• Estimated tax assessments
• Utility cost projections

Acquisition consulting

• Lease audits to support compliance with rent stabilization and 421a requirements
• Compliance audit and strategic roadmap to resolve open violations
• Engage third-party prop-tech providers to enhance tenant lifestyle
• Recommendations for cost-effective interior and amenity upgrades and untapped revenue streams
• Back-of-house operations and maintenance review

Lease audits and rent-roll projections

• Confirm all lease amounts, expiries, and anticipated renewal rates
• Review existing documents and required signatures
• Verify security deposits, tenant ledgers, and contact information
• Confirm the number of occupants and pets per unit
• Review existing lease terms and suggest amendments to mitigate exposure

Pre-opening management services

• Building staff recruitment, training, and phase-in schedule
• Union negotiations for building staff
• Resident manager hiring
• Tenant welcome package and resident manual
• Security system and door keying schedule review
   

Comprehensive market analysis

Our detailed market analysis reports are updated with the latest trends and data:

• Pricing trends in competing rental developments
• Market values of competing properties
• Trends in concessions and incentives
• Rental programs at competing properties
• Amenity programming and fee generation
• Social programming and events that elevate tenant lifestyle and bolster retention
   

We’ve helped owners and developers turn their vision into a physical reality — from project planning and acquisition, through lease-up and stabilized operations. Contact FirstService Residential today.