Triangle Apartment Association's 2017 Annual Report

CONNECTIONS TRIANGLE APARTMENT ASSOCIATION ANNUAL REPORT

2017

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Letter from Leadership During my inaugural remarks earlier this year, I shared the story of starting my career as a groundskeeper and working my way up the corporate ladder. That story is familiar to a lot of us because a lot of us had the same beginning and growth. I stated that "my story, your story, was, in fact, proof that this is an industry of opportunity." Some people say its "hard work" or "dedication" that open doors of opportunities but I say hard work and dedication are only a portion of the required ingredients. If doors of opportunity have opened for you, then you should remember the most important ingredient; the willingness of the people who gave you the opportunity. It’s these people after all who acknowledged that your work is valuable. It’s these people who unselfishly acknowledged your dedication by allowing the doors of opportunities to open. In most cases, your growth meant they would lose the benefits of the work you produced for them. That unselfish behavior is what made them successful. It’s these people who saw a small glow of possibility and fueled it by allowing you to experience opportunities with a kind mind for forgiving mistakes. I am grateful to you, our members, for allowing me the opportunity to serve as President this year. I am grateful to the board of directors, the staff, and our volunteers for their support and hard work.

I am especially grateful for the support of my executive board. First to our Immediate Past President, Julie Chu Zhang, for assuring a smooth transition and her counsel. To our Treasurer, Craig Cadwallader, for his detailed financial monitoring and reporting. To our Secretary, Kelli Lea, for keeping detailed meeting minutes. To our Vice President and President-Elect, Claire Michael, for sitting to my right and monitoring our strategic plan.

2017 was a banner year for the association’s membership growth. In 2017, our membership grew 8% with 155 new members and 7,162 new units! Our Government Affairs Committee raised a record $17,500 in PAC donations! Our event attendance was incredible, with 275 attending Casino Night, over 500 total members attending the 4 After Work Networking events this year, and we had over 398 people registered for Maintenance Mania. Those are record-breaking attendance numbers!

I wrote often this year, thanking you for your membership but I also made a special effort to emphasize the importance of being involved.

I hope you continue to be involved in 2018 and help support others who may not see the open door.

I wish you a happy holiday and look forward to the new year!

Andy Meador 2017 TAA President TRIANGLE APARTMENT ASSOCIATION

WWW.TRIANGLEAPTASSN.ORG

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Mission

The Triangle Apartment Association is committed to serving the rental housing industry by providing education for professional development, protecting the interests of rental housing providers through legislative advocacy, fostering business partnerships, and participating in the betterment of the Triangle and surrounding communities.

Above: 2017 Maintenance Mania held at the PNC Arena

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#myTAAmembershipvalue

“I started in the residential property management industry in 2003 and became a member of the Triangle Apartment Association. I had fun attending dinner meetings, the trade show, and taking educational courses. Little did I know there was so much more! In 2011, Latoya Patterson encouraged me to volunteer and join a committee. I checked out the list and continued to dance around the idea. A few months later, I spoke with Stacey Ziegler Adams who was a Co-Chair of the Education Committee and she personally invited me to an upcoming meeting. I attended and LOVED it! We collaborated on finalizing plans for the Leadership of Excellence Program and even gave away scholarships to members who needed support to further their professional growth. From there I served on task forces, the XCEL committee, the board, and as President last year.

Volunteers are important and working together with the TAA Team moves the association forward to better our industry and community. I have gained so much from being involved - great friendships, empowerment, and a valuable skill set that I utilize both personally and professionally. This is how valuable my TAA membership is and continues to be. Plus, the TAA Staff is the BEST!"

- Julie Chu Zhang

“I joined TAA in 2004 with the hopes and dreams of selling everyone in the room advertising as the newest member of the Apartment Book team. What I figured out quickly is that you don't "sell" at TAA. Because TAA is a family and you don't "sell" to family. And that family culture starts at the top with Josie and Suzanne. So volunteering for TAA has never been a business decision. It has always been a need to help family when....ever and where....ever I can. Because of those ladies and everyone at TAA I have flourished as a sales rep, regional, and now owner.....and never had to "sell" a single thing. So to answer Andy's question I say this. My TAA Membership Value is that I get to work with some of the most amazing people in the Triangle and serve a great organization that has helped me grow as a person over the years. #myTAAmembershipvalue”

- Chris Fortune

I started as an associate with Brownlee Law Firm in January 2007. I think Will Brownlee wanted to make sure I was a good fit before rolling me out to the masses as I think I started with Products and Services Committee in late 2007 when it was then chaired by this goof ball named Danny Young. I moved on to the Government Affairs Committee in 2008 and have been there ever since. The Triangle Apartment Association can certainly provide you with opportunities to network but it is so much more than that. If you want to get involved and make an impact on the community all you have to do is come with a servant's attitude and get plugged in. The value of the TAA to me is beyond measure. It is about relationships, friendships and making a positive impact on the industry and community. In all honesty, service to the TAA and the relationships forged through that service are the best part of my job and makes much of the lawyering tolerable. That my friends is #myTAAmembershipvalue!

TRIANGLE APARTMENT ASSOCIATION

- Todd Whitlow WWW.TRIANGLEAPTASSN.ORG

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Members Use Members Creating Connections

1067

131,115 Homes Represented

Member Companies

43 HOSTED

CLASSES & EVENTS

275 217

Casino Night Attendees

Golf Attendees

1 in 3 members is engaged

1,524 76

Trade Show Attendees

NAAEI Credential Program Students

Maintenance Mania

347 Attendees & Competitors TRIANGLE APARTMENT ASSOCIATION

WWW.TRIANGLEAPTASSN.ORG

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Giving Back

$14,500 RAISED

Raised throughout 2017 for A New Lease on Life

TAA's PR Committee Volunteers at the "Donations Never Take Vacations" collection drive benefiting: A New Lease on Life; Durham Rescue Mission, & Raleigh Rescue Mission.

DONATE ONLINE All contributions to A New Lease On Life and TAA's Education Foundation are tax deductible as they are 501(c)(3) organizations.

Learn more about each program on our website!

TRIANGLE APARTMENT ASSOCIATION

$36,771 RAISED*

5 3

Scholarships Awarded

1

1

*Includes Annual Battle of the Baskets Raffle & "Take 5" Reverse Trade Show

WWW.TRIANGLEAPTASSN.ORG

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Political Action

The July Government Affairs Committee meeting was held at Liberty Warehouse Apartments in downtown Durham and hosted Rep. Mickey Michaux, Rep. Mary Ann Black, Sen. Mike Woodard, Sen. Floyd McKissick, Mayor Pro Tem Cora ColeMcFadden, and Mayor Bill Bell.

$17,500 RAISED

TAA-PAC endorsed 6 candidates across 5 municipalities.

TAA Volunteers at AANC's Education & Legislative Conference

TRIANGLE APARTMENT ASSOCIATION

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Supportive Sponsors

Thank you to the following companies who supported the TAA in 2017 by sponsoring a class/event or advertising with us. We wouldn’t be able to do what we do without them!

1st Choice Construction Management, LLC

Maintenance Supply Headquarters

A & M Paper and Printing

Moen, Inc.

ACES Cleaning Service, Inc.

Multi Floors

AFR Furniture Rental, Inc.

Night Owl Contractors, Inc.

Allstate Insurance-Walters Insurance Agency, Inc.

North Carolina PooPrints, Inc.

Apartments.com

Onofrio Construction, Inc.

ARCO Restoration, Inc.

PawzLife, Inc.

Baker Roofing

PRG Real Estate Management, Inc.

Belfor Property Restoration

Real Floors, Inc.

BG Multifamily

Red Rhino Group

Blue Ridge Companies, Inc.

Redi Carpet, Inc.

BluSky Restoration and Roofing

Rent Ready

Brownlee Whitlow & Praet, PLLC

RentPath, LLC

Carolina Restoration Services, Inc.

Republic Services

Career Strategies, Inc.

Response Team 1

Carrington Contracting, Inc.

RestorePro Reconstruction, Inc.

Cashwell Appliance Parts, Inc.

SageWater

Central Wholesalers, LLC

ServPro N. Raleigh, Wake Forest, & N. Durham

Coordinated Loss Services

Sherwin-Williams Floorcoverings

CORT Furniture Rental

Sherwin-Williams Paints

D&L Parts Co., Inc.

Snotherly Insurance Agency, Inc.

Elite Flooring

Spangler Restoration

Elite Property Services

State Farm-Chris Thurow, Agent

Environmental Property Services, Inc.

Sustainable Pest Systems, Inc.

Ferguson Enterprises, Inc.

The Liberty Group

ForRent.com

THS National, LLC

Full House Marketing

Tidal Electrical Services, Inc.

Ginkgo Residential, LLC

Tower Heating and Air, LLC

Google Fiber, LLC

TradeMark Residential Properties, Inc.

Green Country Service Heating & Cooling

Trane Company

GreenView Partners

Turner Asphalt, Inc.

Greystar

Unlimited Recovery, LLC

HD Supply - Facilities Maintenance

US Lawns

Kindberg Contract Services, Inc.

Valet Living, LLC

Leaf & Limb Tree Service, LLC

WASH Multifamily Laundry Systems

Loebsack & Brownlee, PLLC

TRIANGLE APARTMENT ASSOCIATION

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Visionary Partners

A special thanks go to the 2017 Visionary Partners for their dedicated support of the association.

Each year, by underwriting multiple TAA networking and educational opportunities, they elevate the level of benefits we are able to provide to our members. Their investment includes exclusive sponsorships and heightened exposure throughout the year.

TRIANGLE APARTMENT ASSOCIATION

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Financial Reporting Statement of Financial Position

Below: 2017 Apartment All Stars Tour

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Financial Reporting Statement of Activities

Distribution of Income Chart includes accounts greater than $1000

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Testimonials TAA is priceless! People are so great in this business with wanting to help out those they trust and believe in!

- Andrea Phillips TAA has been AWESOME! Â Moving from Indianapolis 2 years ago was a hard thing to do, but being involved with TAA has helped a lot. The networking opportunities have helped me meet a lot of different people, both on-site and the vendor side.

- Marcia Thompson

I have met the best people through TAA! From a professional perspective, it is an incredible way to both meet people and really learn about the industry.

- Robyn Gastol

The TAA gives me the ability to connect with customers outside of the day to day business visit.

- Chad Anderson Check out our Facebook page for more testimonials of how TAA has helped our members personally and professionally in our Monday "Volunteer Spotlights".

TRIANGLE APARTMENT ASSOCIATION

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Board of Directors President Andy Meador, CAMT McDowell Properties, LLC

Vice President Claire Michael, CAM

Treasurer Craig Cadwallader, CAPS, CAM

Fairfield Residential, LLC

Avison Young

Secretary Kelli Lea, CAM

Immediate Past President Julie Chu Zhang, CAPS, CAM

Greystar

Ginkgo Residential, LLC

Directors Sheronda Dennis, CAPS, CAM

Chris Fortune, CAS

A-Plus Capital Resources, LLC

Red Rhino Group

Beth Kirkpatrick, CAS

Craig Nardi, CPM

Fitness Concepts, Inc.

Palms Associates, LLC

Jessica Patterson

Latoya Patterson, CAPS, CAM, HCCP

Greystar

Ginkgo Residential, LLC

Jeannette Steele

April Vasta, CAPS, CAM

Drucker & Falk, LLC

Blue Ridge Companies, Inc.

Judy Wade, CAPS, CAM

Todd Whitlow

TradeMark Residential Properties, Inc.

Brownlee Whitlow & Praet, PLLC

Rita Zepeda, CPM, CAPS, CAM PRG Real Estate Management, Inc.

General Counsel Norm Praet Brownlee Whitlow & Praet, PLLC

TRIANGLE APARTMENT ASSOCIATION

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Committee Co-Chairs Education: Sheronda Dennis Traci Wooten

Government Affairs: Patrick Johnson Craig Nardi

Independent Rental Owner: Michel Charbonnier Tim Masters

Membership: Berry Craven Elizabeth Godwin Riley

PR & Community Outreach: Bret Smith Chris Williams

Products & Services: Chad Anderson

Special Events: Sarah Brady Becki Hale

XCEL: Rob Boggs Josh Scholl

TAA Staff Josie H. Eatmon

Suzanne Pratt

Executive Director

Director of Professional Development

Vicki Franciosi

Susan Williams

Meetings & Events Director

Finance Director

Jacob Rogers

Candace Patrick

Government Affairs Director

Membership & Marketing Manager

Meg Palumbo

Aby Henneberry

Communications Manager

Education Coordinator

Dan Pauley

Madeline Gale

Accounting Associate

Government Affairs Intern

TRIANGLE APARTMENT ASSOCIATION

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What's Next?

Get Involved Join a committee and help shape the future of the association!

Register Online Register online NOW for the next coming event or class. Get out there and meet new people!

Spread the Word We are always looking for new members.

If you know someone who could benefit from being a member, tell them about us!

TRIANGLE APARTMENT ASSOCIATION

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7920 ACC Blvd., Suite 220 Raleigh, NC 27617 Ph: 919-782-1165 taa@triangleaptassn.org www.TriangleAptAssn.org

/TriangleAptAssn @nctaa