A quiet street of red brick rowhouses converted to small apartment buildings in morning light

Raise your building's NOI before a lender or a buyer sets its value for you

I am Shafiq Hirani. I advise small and mid-sized apartment owners in Washington DC, Virginia, and Maryland. The work is raising net operating income (NOI), cutting wasted expenses, and positioning a building for a stronger refinance or sale.

Get a read on your building

225+
Owners helped improve NOI
75+
Apartment buildings sold
155+
Refinances positioned
35+
Years in real estate

What the work produced

Rents tripled, NOI roughly quadrupled, building still heldFour-unit apartment building, Washington DC. Owner met through a mailed package, about nine years ago.
Five offers at one open house, sold at $2.2M with minimal contingenciesTwo connected brownstones a block from Dupont Circle, Washington DC, run for years as a bed-and-breakfast.
Six offers in seven days, above the seller’s own expectation, no contingenciesFour-unit apartment building, Dupont, Washington DC. Owner met through a mailed package.

Results as reported by the owners to Shafiq Hirani. Names withheld until each owner agrees in writing to be named. Past results describe those buildings and do not predict yours. Read the three write-ups.

The market stopped covering the difference

Rising values used to hide weak operating performance. Higher interest rates ended that.

Your next lender and your next buyer both price the building on the net operating income it produces today, from documents they can verify.

A broker who tells you to wait for the market to come back is asking you to sit out a repricing that already happened.

You are in one of these four situations

You own one apartment building or several, in your own name or through an LLC.

Your loan matures inside the next two years.
Insurance, taxes, water, and payroll have climbed faster than your rents.
You are weighing a sale and want to know what the building would sell for on today's numbers.
The building already runs well and you want the next layer of upside.

Three ways I work with owners

Shafiq Hirani reviewing a rent roll on a tablet at a brick apartment building

NOI Optimization and Expense Review

Read the income and expense lines a lender or a buyer will price, then work them in an order that holds up.

A well-kept brick apartment building at golden hour

Sale Readiness and Disposition Advisory

Get the building, the numbers, and the document file ready before a buyer's underwriter reads them.

Shafiq Hirani at a table with a laptop, walking through the numbers

Refinance Positioning

Work the numbers your next lender will size the loan on, while those numbers can still change.

Read before you decide

The Insights Hub covers net operating income, refinance timing, sale readiness, and the DC-specific version of each question.

Who reads your numbers

Commercial Real Estate Advisor and Broker with RE/MAX Distinctive Commercial, licensed in Washington DC, Virginia, and Maryland. CCIM, MBA, and Professional Engineer.

More about how I work

Start with your own numbers

Send the property address and your last twelve months of operating statements. I read them before we speak.