Property Management
ABOUT US
Born Out Of Necessity
After being unsatisfied with multiple 3rd party property management groups for our 45-door portfolio, we made the decision to hire a team in-house and self manage our homes.
We spoke with numerous owners of single-family rentals and they all shared the same frustration. The existing management options in the marketplace did not provide great service so it was either do it themselves, which they didn’t want to do, or be ok with mediocre service at best.
We are passionate about providing great service and saw a problem that needed a solution. We are excited to announce the launch of Common Ground Management to provide all owners of SFR a better option.
Let’s start a conversation!
Why CG Management?
Service First
Providing world class service is important. It matters when it comes to renewals and rent growth. As important, both the Landlord and Manager’s reputation in the marketplace is critical to protect.
In-house Maintenance
Leveraging our in-house maintenance resources allows us to perform minor tasks at a fraction of the cost that it would be to hire out. We pass on these advantages to our clients.
Scale
The more homes you own, the more efficient everything becomes. The price of software, materials and services become less per home when you have scale. Even if you don’t have 100 homes, being a part of our portfolio allows you to take advantage of our scale.
Ownership Lens
We view management through a lens of ownership as we own 45 properties (and growing) ourselves. We understand the importance of sound financial reporting, pushing rent growth, maximizing NOI, and achieving renewals.
Vendor Relationships
The ability to keep costs low is greatly affected by the types of vendors and the length of time of relationships. We are given preferential treatment and pricing due to the large amount of time that we have invested over the years nurturing relationships with the best vendors.
The Team
Ty Lee
MANAGING DIRECTOR
Ty Lee has served as the Managing Director of Common Ground Capital, LLC, a private equity fund that manages a $20mm SFR portfolio, since its inception in March of 2021. From 2004 to 2014, Mr. Lee practiced architecture with some of the most prestigious global architecture firms in the Country. Starting in 2014, Mr. Lee began the transition to the development side of the industry. While at CBRE, the world’s largest real estate company, he managed over $100mm of asset value and worked closely with principals and executives.
Mr. Lee’s development and management experience includes commercial and residential asset classes totaling over $500mm. To date, Mr. Lee’s average returns exceed 20% IRR and 1.75x equity multiples. In order to achieve these returns for investors, he is hyper-focused on creating real estate products in the marketplace that are differentiated through design, exceptional service, and institutional precision of execution.
Krishna Upadhyaya
BROKER OF RECORD
Krishna Upadhyaya started a real estate career in 2003 with Century 21, where she gained her initial training. She has specialized in the Dallas and Collin County areas over the course of her profession. During the boom of real estate, she moved to William Davis Realty, a local agency. She earned a broker’s license in 2016 and functions independently. Krishna is proud to be a Realtor and a resident of an expanding Metropolitan DFW.
In 2016 she purchased a franchise to become part of the leading franchise in property management. Property Management, Inc. is on Entrepreneur’s Top 500 Franchise list. She plans to use her real estate experience to grow in a different direction. PMI Star of Texas’ objectives include working with integrity, ethics, and establishing a relationship with the client. We strive to bring excellence in all our services, which means commitment and dedication to this profession. We value our profession and the contributions we can make to our peers.
Rivka Parr
COMMUNITY MANAGER
With over 20 years of real estate experience, Rivka brings a wealth of knowledge and experience to the Common Ground team. In prior roles, she successfully managed a portfolio of 346 single-family homes with 22 different owners. Managing teams, financials, lease-up, and property maintenance were among Rivka’s many duties.
Rivka is a license real estate agent in the state of Texas and is originally from the nearby city of Irving. When she’s not helping Common Ground grow and expand, she’s active with her church and enjoys spending time with her three sons.
Lauren Lee
DESIGNER
Lauren Lee brings both strong design and analytical skills to Common Ground. After graduating from Rice University and UT Austin’s School of Architecture, Lauren worked in residential design with Jan Showers, managing retail product development and production as well as fulfilling clients’ wishes to create deeply personal spaces. Lauren then moved to solving more technical problems in healthcare interior design with Perkins+Will, finding satisfaction in making spaces like labor and delivery, NICUs, or mental health spaces more functional for hospital staff and more comfortable for patients and families.
With over 15 years of residential and commercial design experience Lauren will be working with Ty to elevate the properties in Common Ground’s portfolio, bringing out individual property’s strengths and creating valuable homes for the community members.
Tools of the Trade
Digital Leasing
With 3D tours & self-showings
Legal & Compliance
Local experts to support you
Online Portal
Owner & resident mobile apps
Resident Screening
Less than 1% eviction rates
Reporting
Customizable financial reports
Electronic Rent Payment
100% of rent is paid online
Dedicated Manager
Personalized portfolio support
Maintenance & Repairs
Automated and Monitored Software
24/7 Emergency Support
Standing by when you need us
The Proof is in the Numbers
NUMBERS SPEAK LOUDER THAN WORDS.
We are diligent about controlling costs and creating the best product with the least amount of money. With our design background, we see things differently and are resourceful with our material selections. Thoughtfulness, strategy and hard work can create successful investments. Our lawyers require us to say that past performance is no indication of future performance and market conditions fluctuate constantly.
All figures represent 2022 figures.
$67
AVERAGE ANNUAL R&M COSTS PER PROPERTY
7.71%
AVERAGE ANNUAL RENEWAL RENT GROWTH ACROSS PORTFOLIO
$214
AVERAGE TURN COSTS PER PROPERTY ACROSS ENTIRE PORTFOLIO
26
AVERAGE # OF DAYS FROM LIST TO LEASE
Tenant Reviews
REAL REVIEWS FROM REAL TENANTS
Tenant reviews are an essential aspect of the rental process as they provide valuable insight into the quality of a rental property and the landlord. They serve as a crucial tool in creating transparency and accountability within the rental industry.
We just signed our lease and move in soon. I am so grateful for Common ground, they made this whole process so easy and stress free. Quick and detailed responses, answered every question I had, and they were very quick with the documents. Very excited to move into our new home and continue working with Common ground as tenants.
Vivian Pulido
★ ★ ★ ★ ★
Antonio Hansberry
★ ★ ★ ★ ★
Just completed our lease. From start to finish this is the best home leasing experience. This company truly cares for their tenants. I highly endorse Common Ground Capital.
Debra Barchuk
★ ★ ★ ★ ★
Renting from Common Ground Capital is definitely the right choice! They make the process easy and are always so responsive. Thank you guys for all of your help!
Kaitlyn Bishop
★ ★ ★ ★ ★
Fee Structure
OUR GOAL IS TO MAKE YOU SUCCESSFUL SO THAT WE CAN GROW WITH YOU.
We don’t like to be nickeled and dimed as owners, so we aren’t going to nickel and dime our clients.
We understand that hidden fees and confusing charges can be frustrating, which is why we have made our fee structure as simple as possible. Our goal is to make the process of working with us as easy and stress-free as possible, so you can focus on what matters most –finding the perfect rental property. With our straightforward fees, you can rest assured that you will not be hit with any unexpected charges or surprises.
8%
OF MONTHLY GROSS RENT COLLECTED
1/2
MONTH
MONTH’S RENT IN LEASING FEES
$250
ADMIN FEE FOR RENEWALS
Onboarding Process
Experience a smooth transition into your new property with our streamlined onboarding process
1 DAY
Initial Meeting
5 DAYS
Portfolio Review
3 DAYS
Agreements
14 DAYS
Software Setup
14 DAYS
Transition
30-45 DAYS
Success
Let’s Continue the Conversation.
To get signed up, please reach out to info@commonground-dev.com and we’ll circle back as soon as possible!
