The Amir Apartments
CASE STUDY
OVERVIEW OF AMIR APARTMENTS
310 Units
Built in the 1970’s
Class C+ Property
Houston, Texas
CONDITION OF AMIR APARTMENTS PRIOR TO BETTER WORLD MANAGEMENT
Unit rents below market value
Occupancy sitting at 70%
Lack of amenities disappointed residents
Delinquency approximately $30,000
Many expired leases on file
Reportedly tenants were moving out at an alarming rate
City of Houston forced to intervene during the last two years of the previous management group tenure
Two years prior to Better World Management, Amir Apartments unsuccessfully attempted to raise the rent
Previous management was inexperienced and spent a total of 2-3 hours a week on-site
Crater-sized potholes scattered throughout the property
FACILITATING GROWTH & IMPROVEMENT: PROACTIVE AND RESPONSIVE ACTION
Currently at 90% occupancy
Successful Rent Increase
Bank of Texas has been blown away since Better World Management’s tenure began
Constructed soccer field on property. The community enjoys and appreciates this
Potholes across the property were filled in
Repairing access gate system
Repainting fence area
Constructing playground
Office remodel
Improvement in landscaping
Previously did not have gutters, since installing them there has been noticeable improvement
Improved marketing
Introduced Conservice and began billing for water, which in turn resulting in more conscious water usage
Installing $10,000 worth of cameras and surveillance systems
Underwent roof repair construction
Coordination with Houston Police Department in developing a safer community
$180,082 in capital expenditures, committed to property improvement
Projects to look forward to in the future…
Constructing a splash pad in Summer 2022
Fixing sidewalks, plan is to raise them four inches higher than ground level to prevent risk of flooding
Laundry room construction & curb reconstruction
Installation of additional security systems
Clubhouse renovation
