Areté Asset Management
We'd like to help you manage your assets.
With our extensive knowledge in the multifamily industry, we work closely with your management company to represent your interests as owners. This partnership ensures that your asset receives the thorough attention it deserves, matching the level of intention you've put behind your investment.
Who Are We?
We are committed to maintaining the integrity of your asset while improving income and operations whenever possible.
We are Aretè Multifamily Asset Management consultants. With a proven track record of success, we have consistently increased revenue for the assets under our oversight. This success is attributed to our extensive work knowledge and hands-on experience in the multifamily industry.
Our approach involves managing expenses, improving resident retention, effectively qualifying applicants, optimizing rents, and maintaining strong occupancy through excellent customer service, consistent follow-up, marketing, and professional, friendly leasing.
We have earned multiple awards from the Arizona Multifamily Association, including "Best Team and Community of the Year" at several communities. Additionally, we have been recognized for outstanding performance, operational excellence, and profitability. Our strengths lie in recognizing talent, building strong teams, and fostering a positive working environment that leads to operational success, loyal employees, and future leaders.
This continued success can only be achieved through leading by example, educating, and, most importantly, hiring smart. We focus on building strong owner-client relationships through effective communication, transparency, and a commitment to maintaining the integrity of the asset for the investors while improving income and operations whenever possible.
Our overall management strategy showcases our leadership abilities, and our dedication to delivering high-quality work that aligns with the level of intention you have invested in your asset.
We understand that this partnership position will require special consideration on your part, and we are enthusiastic about the opportunity to contribute to the success and growth of your new asset.
We are excited about the opportunity to partner with you!
Why Select Areté Asset Management as Your Real Estate Partner?
We collaborate with your management company to ensure the success of your property. Our team has firsthand experience working at the site level and rising through the ranks in the multifamily industry, giving us a deep understanding of operational needs. We know what it takes to manage a community and build effective teams that drive success.
Every fee management company has different levels of teams, and larger portfolios typically receive top priority with the "A" team. We not only ensure that you have quality team members, but we also assist in sourcing and training them as part of our asset management services.
We work with management companies to find solutions instead of just presenting problems. Our approach includes weekly goal-setting, and prioritizing reporting packages. We have access to all management software, and review your financials weekly.
We take an active role in management, working as partners on behalf of property ownership, rather than just overseeing operations.
Our Key Strategies
We firmly believe in adhering to the five Ps of Business, and integrating these principles into the multifamily sector. Moreover, we have incorporated "purpose" into our framework, as we believe that providing individuals with a sense of purpose, and a defined path to success will result in mutual prosperity, and garner appreciation from all stakeholders.
People
One crucial decision we will make regarding your asset is selecting the team responsible for managing your investment. The success of our team directly correlates with our overall success.
Product
Striving to be the top choice in the sub-market with ready-to-rent apartments and outstanding curb appeal.
Our commitment lies in providing the best in class within the sub-market, supported by a customer satisfaction guarantee.
Profitability
We continually strive to enhance your property's performance and boost your returns by steadily raising rents in line with market conditions.
Promotion
Overreaching Strategy; we believe in casting a wide net when it comes to marketing, thus creating a higher demand and maximizing the financial potential of the asset.
Place
Understanding the market, trends, and our position within the sub-market, with a constant focus on leading in rent per square foot.
Purpose
Creating a purpose involves setting goals, creating a vision, and defining a clear path to success that benefits everyone involved, setting your team up for success.
Areté Asset Management
Our Comprehensive Range of Services
Welcome to our full-service package for multifamily assets. We offer a comprehensive range of services, including debt sourcing, transaction management, capital improvement execution, and operational goal achievement.
FULL SERVICE ASSET MGMT SUITE
Asset Management
- Our complete asset management suite is here to offer you valuable perspective, and support as you navigate the complexities of today's market. We're dedicated to uncovering ways to work smarter, even when times are tough. Our focus is on fostering strong, open relationships with property owners through clear communication, transparency, and a commitment to maintaining the integrity of the asset for our owners and partners while improving income and operations whenever possible.
Price: $12 per door/Month + 0.5% Total Income*
Maximizing Profits through Optimal Price Management
- We will analyze the sub-market surveys of neighboring competitors to ensure alignment with our sub-market on a weekly basis. It is essential to verify that our rental rates correspond with the price per square foot and that our performance trends match those of the sub-market. This scrutiny will enable us to optimize rents and maximize the occupancy of the asset.
Included in Asset Management Suite
Evaluating the Effectiveness of Advertising
- Our company will conduct regular assessments of advertising channels to ensure optimal resource allocation. Additionally, we will continually monitor all advertising platforms to maintain a robust online presence, foster positive customer feedback, and maximize the impact of our advertising efforts.
Included in Asset Management Suite
Financial Reports and Weekly MMRs Review
- Review the monthly financial reports and weekly MMRs meticulously to confirm accuracy and spot positive trends. Follow best practices for GL coding and explore potential opportunities for cost savings whenever possible.
Included in Asset Management Suite
Bad Debt Collections
- Examine the monthly Bad Debt report and explore opportunities to enhance collection efforts by collaborating with a local collection agency to boost revenue from bad debt. Additionally, seek ways to improve the process of writing off debts.
Included in Asset Management Suite
Resident Qualification Standards
- It is essential to establish clear qualification standards when selecting residents for any property. Adhering to these standards and conducting a thorough screening process, including verifying IDs, income, rental history, as well as performing comprehensive credit and background checks, is crucial. This meticulous approach ensures compliance with fair housing laws and helps to attract residents who align with our objectives. Ultimately, this practice helps in retaining long-term residents, minimizing property damage, reducing turnover costs, and decreasing eviction occurrences.
Included in Asset Management Suite
Utility Managment
- It is crucial to meticulously review the monthly utility bills to ensure billing accuracy, as this directly impacts the recoupment of expenses for our property owners. This process aims to facilitate the reimbursement of 99% of all utility costs, including water, sewer, trash, bulk trash, common area electricity, and pest control, thereby allowing our owners to recover their expenses for these essential services.
Included in Asset Management Suite
FLAT RATE ASSET MGMT SERVICES
Quarterly Property Inspections
- Regular property inspections are vital to ensuring that the physical condition of a property is maintained. By staying updated on the property's condition, potential issues can be identified and addressed early, thus preventing more extensive and costly damage down the line. This not only helps in maintaining the property's value but also ensures the safety and satisfaction of tenants or residents. Additionally, property inspections can assist in identifying areas that may require capital expenses, allowing for better budgeting and planning for maintenance and improvement projects.
Price: $5,000 Annually
Management of Capital Projects
- Are you facing challenges in determining the optimal course of action for your multifamily asset? Our team's expertise can assist you in identifying deferred maintenance issues and devising effective strategies to enhance the value of your property, thus elevating the residential experience for your tenants. We specialize in the proficient management of capital projects, meticulously evaluating each project's scope of work, soliciting and evaluating multiple bids from AMA approved contractors, scrutinizing bids and service contracts, supervising job completion inspections, and offering comprehensive support to protect your interests and securing your investments.
Price: $1,000 per month plus 5% of Capital Contracts
Due Diligence Services
- Our comprehensive due diligence services encompass a variety of assessments, including thorough property and amenity inspections, unit-by-unit inspections, file audits, financial analyses, demographic studies, and vendor record examinations. This all-inclusive package entails organizing third-party reports, coordinating vendor inspections, managing vendor interactions, and more. It is meticulously designed to facilitate a comprehensive evaluation of your property. This service includes a detailed due diligence report and analysis.
Price: $12,000
Market Research, Budgeting, and a Strategic Business and Marketing Plan for New Developments and Acquisitions
- We will conduct a comprehensive market analysis, encompassing a comparison of competitor offerings and the gathering of sub-market data. This analysis will inform the underwriting process, aid in setting rental prices, and contribute to the development of annual budgets. We will furnish a multifamily underwriting analysis alongside a strategic business and marketing plan.
Price: $8,000
Strategic Hiring and Training of Onsite Teams
- We will work together with the management company to ensure that your on-site teams meet or exceed our standards for customer service, performance, and professionalism. This will be achieved through strategic hiring and comprehensive training. The package includes running advertisements, conducting interviews, vetting all new hires, offering a four-hour sales training class on site, property mystery shopping, and more. These steps will enhance the leasing experience and ensure financial and operactional success.
Price: $1,200 per Hire
Annual File Audits
- Annual lease file audits are crucial for ensuring the accuracy and compliance of lease agreements. Regular audits help identify any discrepancies, inconsistencies, or areas of non-compliance, ultimately helping to mitigate financial and legal risks for the business. Additionally, conducting annual audits can uncover cost-saving opportunities, optimize lease terms, and improve overall lease management efficiency.
Price: $2,000
Pricing is quoted for assets comprising 50-300 units and is subject to potential adjustments. For inquiries pertaining to larger portfolios, individual assets, or capital projects, we kindly request that you reach out to us directly to obtain pricing information.*
Our Partners
Areté Asset Management
Our leadership style embodies:
Service-oriented and helpful
Conservative and realistic
Solution-focused
Purpose-driven
Proven and steadfast
Results-oriented
Empowering to others
Fosters partnership relationships
Humble and appreciative
Success-driven with a contagious spirit for collective success!
Our Leadership Team
Yolanda Moreno
Founder and President
Ashley Roberts
Co-Founder and Vice President
Donald Gordon
Capital Projects Manager
Araceli Garcia
Asset Manager
Nathen Weber
IT Services Tech Support
"Our Passion Is Contagious - We are dedicated to ensuring the success of our team members, as their accomplishments are our a reflection of our own achievements."
- Yolanda Moreno
What Clients Are Saying...
Before working with Yolanda and her team, the properties in my portfolio experienced frequent staff and resident turnover. Managers were not well trained to run the properties as healthy assets meeting the owner’s objectives with minimal headaches. Yolanda put solid hiring and training practices in place that resulted in effective site teams able to manage the assets and resident programs well.
I really do appreciate your leadership abilities and the results produced by your teams!.
– Teresa Luquette, Asset Management at CRME Inc
Your commitment to excellence on our behalf was unmatched, as was your responsiveness. You were always ahead of the curve.
- Jeff Birtch, Chason Affinity
Producers are definitely the best! They complete projects on time and with great attention to detail. They are persistent, have a can-do attitude, take full ownership of their projects, and are very thorough. They are ideal for property management.
- Chris Chandler, Owner of Melrose 36
Yolanda quickly completed the lease-up at higher rents than expected. The next two new builds were the same. Not only were the lease-ups ahead of schedule, but the usual glitches that occur with a new build were handled gracefully by her and her staff. It is obvious that Yolanda understands hiring and managing of personnel to surround herself with strong support. Over the last 6 years, Chason Affinity has had total confidence in Yolanda’s handling of the day-today management of all its properties. In addition, she has been responsive to all asset management needs, such as financings and EnergyStar Certifications, as well as making meaningful recommendations for upgrades and capital improvements. Yolanda has the experience and knowledge to see the big picture, which is what makes managing the details below her done with thoughtfulness and care.
- Nancy S. Whelan, CPM Chief Operating Officer Chason Affinity
We worked with Yolanda through the crisis year of 2020 when leasing was incredibly difficult due to COVID. Yolanda and her team were able to help us achieve 100% occupancy in a few short months, with rents trending above market. We consistently met our budgeted numbers under Yolanda’s supervision. She hired stellar teams to meet all of our needs at the property, from maintenance to leasing.
Given her extraordinary performance, Allante and its investors achieved an incredible sale price, and we owe a lot of credit to Yolanda and her oversight of the project and the team. In addition to her professionalism and ability to achieve above-average financials, Yolanda is an amazing human who stops at nothing to hit her goals and treats people great during the process. She was extremely responsive and available to our every need, always going the extra mile and then some. There were multiple times someone on our team needed something after working hours, and Yolanda was always someone we could count on.
- Daren Schmidt, Principal Allanti Properties
Properties under Yolanda’s team continually
- Outperform surrounding market and submarket properties in rent growth
- Are well-kept and maintained to the highest standards
- Manage tenant relations to maintain high standards of living for the asset and minimize turnover.
- Manages a strong marketing and online presence and reputation for the assets
Yolanda maintains a staff that is a cut above the industry norms, and the results she can achieve through them are representative of her leadership abilities.
- Brock Danielson + Associates – President
Areté Asset Management
Contact Us
Business Hours
Monday to Friday
9:00 AM - 5:00 PM
Request a Property Evaluation
Receive a free and non-binding quote for essential services that property owners need, such as annual budget preparation, due diligence services, comprehensive sub-market rent analysis, capital improvement management, or the cost to represent your interests as owner agents.
Click on the link below, and be assured that a representative from Areté Asset Management will respond within two business days.