Noel Management Unveils New Division to Revolutionize Texas Multifamily Property Management
Noel Management, an esteemed multifamily housing operator with a reputation for effective property management since 1985, has recently unveiled a new division dedicated to optimizing management functions for multifamily owners within select Texas markets.
Employing an integrated service model, Noel Management prides itself on driving revenue growth and reducing operational costs for apartment owners. This has been made possible through their extensive services, including acquisition, advisory, maintenance, lease-up, and strategic marketing. Their long-standing professional relationships in the multifamily housing sector underscore Noel Management’s competitive edge.
At the helm of this innovative journey are industry pioneers Lenny Licht, CEO, and Stephanie Allen, Vice President of Operations. Licht’s remarkable contribution to the Henry S. Miller Company as Assistant to the President and Vice-President of the Multifamily Division led to a significant expansion of units under management. His entrepreneurial spirit birthed Noel Management, transferring his acumen to his new endeavor. Allen contributes over three decades of comprehensive property management knowledge to the team, enhancing Noel Management’s caliber in acquisitions, dispositions, new construction, and value-add ventures.
Noel Management’s legacy rests on its agility to identify and capitalize on market dynamics, sharpening their strategies to bolster cash flows and curtail expenses effectively. Over the years, they’ve notably managed properties at about $300 less per unit in operating expenses compared to rivals, by concentrating on controllable expense reduction. With an impressive portfolio overseeing more than 10,000 multifamily units, their success speaks through the substantial market value they’ve transacted and managed.
Embracing cutting-edge technology, Noel Management pioneers the deployment of an AI-leasing platform from 365 Connect. This trailblazing initiative aims to streamline the leasing process, thus, dramatically diminishing the time-to-market for vacant units. Automation here is not just about efficiency; it’s about blurring the lines between innovative tech and seamless user experiences — ensuring leases are executed and move-in fees collected in record time.
Lenny Licht weighs in, “With our track record of outperforming competitive properties in the markets we serve through focusing on maximizing revenues and prudently managing expenses, now is the perfect time to bring our services to market, especially with so many multifamily owners struggling to navigate today’s changing economic headwinds. We look forward to executing our game plan and delivering exceptional returns for our managed portfolio clients.”
With the imminent onboarding of managed communities set for March, Noel Management is poised to offer a comprehensive suite of services including operations, maintenance, training, customer satisfaction, revenue management, marketing, budgeting, leasing, and resident retention strategies.
For further details on Noel Management’s ambitious division and their wealth of services, prospective multifamily owners are encouraged to visit www.NoelManagement.com. Here lies a new era of multifamily property management, where innovation and expertise converge to redefine excellence in the industry.