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, a DC multifamily broker and advisor. I work with owners of 4 to 50 unit apartment buildings 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

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.

The habit those years rewarded has a name: set-and-forget ownership. Buy the building, collect the rent, and let the market do the work.

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.

Five ways I work with apartment owners and buyers

Owners start with NOI, a refinance, or an exit. Buyers start with the deal stress test. Value Navigator is a deeper value analysis than the free range.

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

NOI Navigator™

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

Shafiq Hirani walking a Washington DC rowhouse street

Exit Navigator™

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 Navigator™

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

A brick apartment building in Washington DC with a parked car in front

Buyer Navigator™

Rebuild the seller’s NOI from the records, size the loan, and write terms that protect you before you offer.

A line from the lender’s value, through the broker’s value, to the buyer’s value

Value Navigator™

A deeper value analysis, including a broker opinion of value that can be prepared for a lender such as a bank. The free value range is the quick version.

I represent buyers and sellers of 4 to 50 unit apartment buildings in Washington, DC. See how the brokerage works.

Read before you decide

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

Two guides go deeper on the NOI side.Utility leaks: the silent NOI killershows how one slow leak costs $6,000 to $12,000 a year inside a normal-looking bill.How to increase NOI on a DC apartment buildingputs DC rent-control rules and real sale numbers behind the method.

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.