Success Story: Wilshire House
Property Size: 56 units, 1961, Dallas, TX
The company also increased monthly revenues of the Wilshire House (56 units) by 8% over the first year, with an additional 5% increase over the following 1 ½ primarily through rent raises (the property has always maintained a 95%+ occupancy, even before Wehner Multifamily took over the property). The property’s expenses decreased over the past 2 years by an astounding 25% (excluding property taxes). The property was changed from a master meter to separate meters and HVAC, thereby decreasing owner’s utility bills by nearly 70%. Wehner Multifamily oversaw the $250,000 capital improvement.