
Apartment Age
California Rental Housing Industry News & Insights
Apartment Age
Tenancy In Common: Multi-Family Conversion and Ownership
Do you own a small multifamily building? Have you ever wondered — is it possible to sell units to different buyers for a higher price? In this presentation, Will Tiao of Tiao Properties will demonstrate how small apartment owners can convert their buildings into tenants in common (TICs) and accomplish three things simultaneously —
- Exit out of the landlord game\
- Get a higher potential sale of your multifamily asset
- How to increase the housing stock.
Tiao Properties is a boutique, family owned and operated real estate company that offers a full menu of investment and management services. Our diverse roster of clients includes investors from all over the world to born and bred Angelinos and everyone in between. We aim to help all our clients by using our industry expertise to maximize their investments.
Will Tiao is a real estate developer, broker, and property manager. He is the Director of the Commercial Real Estate Division at the Collective Realty and the owner/broker of Tiao Properties, a property management and real estate investment company. Since opening the business in 2012, Will has sold hundreds of units with over $150 million in sales, managed hundreds of units throughout Los Angeles and the Midwest, and owned and developed multiple properties.