Boston, MA (PRWEB) April 09, 2014
Neighborhood Pay Services (NPS), the pioneer of the multifamily industry’s only rent from payroll assurance platform, today announced that Dave Sherbal, a 20+ year senior industry executive and a principal at Fifteen Group of Miami, Florida, will join the NPS Advisory Board. In this capacity, Sherbal will join other experts in multifamily operations and finance, sales, law, investor strategy and IT, who provide guidance to the company in expanding NPS Rent Assurance deployment at apartment communities around the country to help property companies achieve occupancy targets with significantly improved life-of-lease payment performance versus other conditional acceptance offers.
Prior to joining Fifteen Group in 2001, a private investment firm specializing in residential and commercial real estate projects, Sherbal held positions as the vice president of asset management at JPI Development Corp. (Boca Raton, FL), chief financial officer at Eisenberg Partners (Chicago, IL). portfolio manager at Insignia Properties Trust (Greenville, S.C.), and a variety of similar positions with other real estate investment and management firms based in the Southeast.
“We look forward to Dave’s participation as an advisor as we work to expand program adoption and partner with strategic service providers to increase our footprint,” notes Richard A. Levitan, NPS president. “We are confident that Dave’s extensive industry knowledge, combined with his first-hand experience with NPS Rent Assurance as an active client, will be of great value to the company as we extend our presence in the multifamily market. Dave joins other valued advisors who have built and managed multi-million dollar multifamily portfolios and/or created other essential industry services.”
About Neighborhood Pay Services
Neighborhood Pay Services (NPS) pioneered rent from payroll to significantly improve rent payment performance, and create opportunities for incremental occupancy and earnings for multifamily clients. Increased predictability of on time rent payments enables NPS clients to convert more applicants and help habitual late payers get back on track, Residents enrolled in the NPS Rent Assurance proprietary payroll direct deposit platform for rent, stay in their units longer than residents enrolled through standard conditional offer terms with payment performance on par or superior to residents who move in with higher credit scores. More stable, better performing resident populations directly impact occupancy and net operating income for participating communities.