This article was originally published on Fort Worth Inc. By Mike Ballard Multifamily owners and developers are familiar with the substantial upfront costs of building, renovating and upgrading properties, especially when it comes to energy-efficient units. Although it tends to be an expensive endeavor, eco-friendly units not only provide long-term sustainability and benefits to the […]
Archive | Finance
Outsourcing: A Multifamily Solution
By Mike Ballard Outsourced operations have continued to gain traction in the multifamily industry as new technology and providers emerge. Many find themselves questioning if this is a quick fix or the dawn of a new industry-altering work model. Such practices may not fit perfectly into every business, but its versatility throughout a range of […]
The Great Resignation’s Impact on Multifamily’s Accounting and Finance Functions
This article was originally published on National Apartment Association Industry Insider. By Mike Ballard No industry or job function has fully escaped the impact of the Great Resignation, and understanding the circumstances leading to the sharp increase in quit rates is the first step in formulating a game plan. In November, 4.5 million Americans quit […]
How do You Know if Your Employees are Committing Fraud?
By Mike Ballard Determining if fraud has been-or is being-committed at your properties can be difficult find and uncover. Even when they suspect something isn’t right, many property owners will often overlook red flags until the amount of money stolen is significant enough to cause them severe financial issues. How can you tell if an […]
Ascent Multifamily Budgeting Bootcamp – October 2020
Are you looking to make your property budgeting more effective and enjoyable? Want your people to take more ownership and use the budgets throughout the year? We have been presenting our 2021 Budgeting Boot Camp to many of our clients, and they are loving the process. An accurate annual budget is one of the most […]
Ascent Multifamily Breaks into Inc 500
Ascent Multifamily Breaks Into Top 500 in 2020 Inc. 5000 Fastest Growing Private Companies Las Vegas firm ranks No. 374 with a growth rate of 1,218 percent Inc. magazine announced today that Las Vegas-based firm Ascent Multifamily is No. 374 on its annual Inc. 5000 list, a prestigious ranking of the nation’s fastest-growing private companies. […]
Texas-Based Developer on the RISE
Ascent Multifamily is pleased to note the recognition of our client, RISE Residential, as the nation’s second largest affordable housing developer. Affordable Housing Finance published a profile on the company last more. Read the story here.
Make Your Own ‘Field Of Dreams’
“If you build it, they will come.” Made famous in the renowned motion picture “Field of Dreams,” this iconic phrase depicts an admirable work ethic that is applicable to life beyond the screen. Field of Dreams, which celebrates its 25th anniversary this year, is certainly an entertaining movie for baseball aficionados, but it also offers a […]
New Opportunity Zones Rules Are Released.
The government’s rules give more leeway to funds and businesses looking to invest in distressed areas nationwide. The government released its long-awaited and latest set of Opportunity Zone regulations Wednesday, hoping to provide investors who have been on the fence with the clarity needed to begin developing projects in distressed areas nationwide. Under the law, […]
Oregon was such a nice place. Rent Control is going to ruin it.
Today, the Oregon State House passed SB 608, a bill that creates a new statewide rent control law. The measure now goes to Governor Kate Brown’s desk, where she is likely to sign the bill into law. The liberal legislators in Oregon don’t understand basic economics and this legislation will only exacerbate the situation they […]
