02: Crespi House — Capital Investment & Asset Management
Acquisition, Renovation Delivery & Ongoing Asset Operations
Acquisition, Renovation Delivery & Ongoing Asset Operations
At age 23, I co-acquired a Bay Area single-family property off-market with my brother in December 2021. The opportunity emerged during the pandemic when interest rates hit historic lows. We ran the numbers, confirmed the investment potential, and moved quickly on an as-is purchase.
The property required immediate attention — old roof causing leaks, termite damage in walls, and deferred maintenance throughout. We structured the project as a capital investment with a clear delivery constraint: get the property tenant-ready within 60 days or face unsustainable carrying costs.
Scope: Phase 1 focused on minimal but strategic investment — address safety and structural issues (roof replacement, termite-damaged walls, etc.), then add features to drive rental value and tenant appeal.
Budget: $150K renovation budget. Required disciplined prioritization — invest in what was essential for safety, compliance, and rent optimization, not full-scale remodel.
Schedule:60-day delivery window to tenant occupancy. Missing this timeline would have created financial pressure we couldn't absorb.
Conducted rental comps to assess market positioning and revenue potential. Analyzed renting to individuals vs. family occupancy — determined individual room rentals would yield higher returns in this market.
Managed concurrent workstreams: renovation execution while simultaneously marketing, screening, and securing tenants. This parallel approach compressed the stabilization timeline and ensured cashflow started immediately upon completion.
Prioritized work by risk and revenue impact:
Roof replacement (eliminated leak risk and future capital failure)
Termite damage remediation (structural integrity)
Interior upgrades to support rental positioning (paint, finishes, layout adjustments)
Leveraged trusted contractor relationships and sought guidance from a construction industry mentor to navigate compliance and sequencing decisions.
Since acquisition, I've managed all landlord responsibilities:
Tenant placement, lease administration, and turnover management
Maintenance coordination and vendor management
Financial tracking and reinvestment decisions
Ensuring property performance and occupancy stability
The property remains fully leased with individual room rentals generating higher yields than single-family occupancy, while I maintain oversight remotely.
Delivered on schedule: Property tenant-ready within 60 days, meeting critical cashflow deadline
Delivered on budget: $150K Phase 1 renovation completed without overrun
Secured rental income: Tenant placement covered carrying costs immediately
Increased asset value: Property appreciation from $1.2M purchase to ~$1.6M current valuation
Sustained operations: 4 years of continuous occupancy and asset management
Phased reinvestment: Operating surplus funded Phase 2 upgrades (deck, landscape) without additional capital
I'm focused on project management roles in design and construction — where scope, budget, and schedule accountability matters, and where coordination across stakeholders drives successful outcomes.
Demonstrates ability to build operational infrastructure from zero under resource constraints: designed CRM, marketing systems, and transaction workflows that professionalized the business and enabled consistent deal flow without external funding.
Demonstrates solution-oriented execution: adapted a proven model to work within institutional constraints, navigating staffing gaps, governance processes, and resource competition.
Demonstrates analytical framing, executive-level communication, and steering decisions without authority.
Demonstrates full business execution and model scalability: built an independent enterprise, then successfully applied that operational model within an institutional structure.