Gyler Management's story

Gyler Management was formed in April of 2016.It was form to operate properties for investors receivership and individual owners. Zack and his team spend time on site visiting each community, spending time with each manager and maintenance staff. To ensure solitude teamwork moral and handling any issues that may arise. We believe on HANDS ON operations to ensure that all goals are met. 

Gyler Management specializes in class C properties and has a proven track record in turning trouble properties into stabilized 95% occupied properties with a positive cash flow.

Prior to Gyler Management, Zack was involved in other management companies, each with different ownership percentages:

RSD Realty, LLC (President, April 2010-2014)

RSD Realty is involved in all aspects of management including property services, leasing and marketing services, accounting, and preparation of operating expense budget, promotion and public relations. 

The use of property management services can represent a significant cost savings and result in improved performance of the property. Certified by Federal Court for Property Management in Receivership, operating 128 unit in Louisiana.

· Primary responsibility is to assure successful management of the property portfolio in line with owner goals and objectives.

· Knowledge in budgeting and management of multi-family real estate industry.

· Duties include management of apartment units. Supervision of property managers and oversight of employees including leasing agents, maintenance staff, porters and housekeepers.

· Human Resource Administrator handling employment issues and answering any claims regarding Fair Housing and Employment. Recruitment, training, delegating and motivating personnel as well as aiding in creating policy and procedures to achieve management goals.

· Oversight of outside company that develops our marketing materials, websites and newsletter. And receiverships

B-G&G Investors, LLCs (Partner, June 2003 – February 2011)

   • Primary responsibility was to assure successful management of the property portfolio in line with owner goals and objectives

   • Knowledge in marketing, valuation of rents, leasing, budgeting and management of multi-family real estate industry

   • Duties included management of 614 apartment units at 5 different locations. Supervision of district manager, three property managers and oversight of 19 employees including leasing agents, maintenance staff, porters and housekeepers.

   • Human Resource Administrator handled employment issues and answered any claims in regards to Fair Housing and Employment. Recruitment, training, delegating and motivating personnel as well as providing assistance in creating policy and procedures to achieve management goals.

   • Oversight of outside company that develops our marketing materials, websites and newsletter

   • Functioned as Bankruptcy Court Appointed Owner’s Agent for ‘take over’ of management of 128 units Holly Court (Dali Place) Apartments. Supervised notification to residents and vendors of management change, oversaw resident apartment inspections, functioned as apartment manager/leasing agent (tasks included getting current residents to sign new leases and community rules, interfacing with police, leasing apartments, promotions, etc.) for a 30 day period.

G-G&B (Gyler, Gyler & Barrad Property Services, Partner, February 2011-2015) was involved in all aspects of management including property services, leasing and marketing services, accounting, and preparation of operating expense budget, promotion and public relations. By providing such services GGB enables a client to utilize his expertise and knowledge rather than burdening the client's internal resources.

   • Primary responsibility is to assure successful management of the property   portfolio in line with owner goals and objectives

   • Knowledge in marketing, valuation of rents, leasing, budgeting and management of multi-family real estate industry

   • Duties include management of 703 apartment units at 3 different locations. Supervision of three property managers and oversight of 17 employees including leasing agents, maintenance staff, porters and housekeepers.

   • Human Resource Administrator handling employment issues and answering any claims in regards to Fair Housing and Employment. Recruitment, training, delegating and motivating personnel as well as providing assistance in creating policy and procedures to achieve management goals.

   • Oversight of outside company that develops our marketing materials, websites and newsletter

Lodge Legacy – Arlington TX. 476 units 66% occupancy at take over to 93% occupancy at sale with 38% increase in revenue.

Cypress Chase- Arlington TX. 196 units 75% occupancy at takeover, 94% occupancy at sale with 33% increase in revenue. 

Fortitude Multifamily, (Partner, November 2013 – 2016) Inc is involved in all aspects of management including property services, leasing and marketing services, accounting, and preparation of operating expense budget, promotion and public relations. By providing such services Fortitude Multifamily, Inc enables a client to utilize his expertise and knowledge rather than burdening the client's internal resources. The use of property management services can represent a significant cost savings and result in improved performance of the property.

Madison Apartments- Houston, TX. 117 units 85% occupancy at takeover in 2012, sold 2013 at 90% occupancy with a 12% increase in revenue.

Vistana Apartments- Fort Worth, TX. 82 units. Acquired for client at 1% occupancy, sold in 2014 at 95% occupancy. Increased revenue $50,000.00

• Primary responsibility was to ensure successful management of the property portfolio in line with owner’s goals and objectives.

• Knowledge in marketing, valuation of rents, leasing, budgeting and management of multi-family real estate industry

• Duties included management of 614 apartment units at 5 different locations. Supervision of district manager, three property managers and oversight of 19 employees including leasing agents, maintenance staff, porters and housekeepers.

• Human Resource Administrator handled employment issues and answered any claims regarding Fair Housing and Employment. Recruitment, training, delegating and motivating personnel as well as aiding in creating policy and procedures to achieve management goals.

Oversight of outside company that develops our marketing materials, websites and newsletter,

• Functioned as Bankruptcy Court Appointed Owner’s Agent for ‘take over’ of management of 128 units Holly Court (Dali Place) Apartments.  Supervised notification to residents and vendors of management change, oversaw resident apartment inspections, functioned as apartment manager/leasing agent (tasks included getting current residents to sign new leases and community rules, interfacing with police, leasing apartments, promotions, etc.) for a 30-day period. 

Gyler First Texas for consulting work on renovation and turn around for Westdale Asset Management. There were two properties that the company consulted on:

   • Westdale Hills, 2,109 units,

   • Westdale Oaks 440 units,

   • Also, during this period Gyler Management turned the Lodge around for Mr.  Aronson 474 units.

Gyler Management helped Villas Del Mar in Dallas, Texas. Ownership purchased the 263 units in May 2016. We removed the bad actors and residents that did not pay rent which equaled 107 units evicted. At takeover the rents were $0.78 per square foot. Gyler Management increased rents to $0.90 per square foot and leased the property to 95%. Ownership paid 7.8 million for the property and spent 2 million on the renovation. In February 2018, the property was sold and closed escrow for $14,350,750 creating a 57% return in 22 months. Villas Del Mar was a loan assumption from Wells Fargo/FNMA. 

Gyler Management’s previous assignment was Villas at Sandrock in Houston, Texas. We assume management of 474 units with collections at take over at $225,000 in August 2018. The assignment was to reorganize the tenant base, clean it up and project manage the renovation of the property (interior and exterior) with an eight-million dollar budget. We have increased rents to $ 285,000 in monthly collections, with an eighty-five percent occupancy. We also complete complex renovations (putting down units back into service) so they can be leased. Villas at Sandrock was a new loan from Oklahoma Federal. Villas at Sandrock which contains 472 units, occupied at 92% with renovations of over $10 million. Prior to take over, the property was collecting $0.87/sqft and is now at $1.17/sqft. Monthly collections started at $215,000 and are now at $300,000. We are also under contract to take over three properties in Raytown, MO with a total of 365 units. Purchase price is $16.4M and there will be a $4.5M rehab budget. Expected close in September 2020.

We are currently managing Timber Run Apartments, Nueva Vida Apartment, which are in the greater area of Houston and our current San Antonio properties Villas De Sendero Apartments and 5Fifty Apartments.