Gyler Management's story

Gyler Management was formed in April of 2016. It was formed to operate properties for a single owner. The company doesn’t believe in regional managers. Zack Gyler will spend somewhere between 40 hours to 100 hours per week on site to make sure that all turn around goals are hit.

Gyler Management specializes in C Class properties and has a proven background in turnaround performance and in delivery success.

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

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

●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.

● 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. Elliot Aronson, Managing Partner, requested 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 Normandy Apartments in Port Arthur, Texas. Gyler Management took over Normandy Apartments on October 1st, 2022 .