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National Fraternity Housing Programs

WHY DO WE NEED A NATIONAL HOUSING PROGRAM?

  • Chapter houses are part brand & identity.
  • We need to protect current housing assets.
  • We need to acquire new housing for chapters.
  • Student and parent expectations are higher.
  • Municipal & insurance standards are higher.
  • A safe, quality housing experience is a priority.
  • The volunteer housing management model has become increasingly challenging.

FRATERNITY MANAGEMENT SERVICES OFFERS...

Three Core Programs designed for the needs of chapters with different sizes, budgets, and locations.

  • Business Management
  • Member Services
  • Facilities Management
  • Security Deposit & Damage Accountability

AFM brings together the best practices of business management and fraternity housing in a program that can serve your chapters nationwide.

 

 

BUSINESS MANAGEMENT

  • Business plan development
  • Annual budgeting
  • Annual comparable rent study
  • Monthly financial reports according to GAAP
  • Security deposit accounting
  • Accounts payable and payroll
  • Annual tax returns
  • Vendor qualification and registration
  • Separate bank accounts
  • Full financial transparency

House Corp. or Directors make the key decisions.

MEMBER SERVICES

  • Member Lease, Chapter Lease & Initiation Agreements.
  • Electronic Document Signing.
  • Parent Guarantors.
  • Online Invoicing and Payment Processing.
  • Active Collections Program.
  • Escrow National Dues and Insurance Premiums.
  • Member Communications program.
  • Chapter Officer Communications.

AFM Collections Success Rates: 98.4% for Rent, 94% for Dues

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Boots on the Ground

FACILITY MANAGEMENT

  • Local Facility Manager
  • Capital Improvement Plan
  • Preventative Maintenance Plan
  • Move In Preparations
  • Inspections w/ Chapter Officers
  • Maintenance and Repair Coordination
  • Service Technicians
  • Represent Owner with City, University, Insurer
  • Emergency Response Program

AFM clients typically see a 30% reduction of repair costs and reinvest $40,000 to $100,000 per year back into their chapter house.

SECURITY DEPOSIT & DAMAGE ACCOUNTABILITY

  • Move in and move out inspection process.
  • Documented with digital pictures and move in forms.
  • Regular facility inspections.
  • Residents are held accountable.
  • Residents or chapter billed for damages or cleaning.
  • Full move out report detailing damages.
  • Damage charges withheld from security deposits.
  • Damage repairs and cleaning are conducted, which puts the house in good condition for the next move in.

AFM clients’ money is spent on improvements, not damage repairs.

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FRATHOUSE

ON DEMAND SERVICES

  • Property Acquisitions, Leasing, and Sales
  • Financing
  • Joint Venture Investor Purchases
  • Real Estate Consulting
  • Alumni Seminars
  • Construction Management (2019)