PropTech Partnership Drives Record Returns for Texas Multifamily Investor

SAN ANTONIO, TX – November 11, 2025 – In a market increasingly focused on operational efficiency and maximizing returns, a partnership between San Antonio-based OTH Capital and PropTech firm PropUp is demonstrating how technology can unlock significant value in the multifamily housing sector. The duo recently completed a transformative project involving the repositioning of two properties – Astra and Carina – achieving a remarkable 2.32x return on investment and an 81.4% internal rate of return (IRR) in just 15 months.

This success isn't just about smart investing; it’s about leveraging technology to fundamentally reshape property operations. OTH Capital, a firm known for its strategic acquisitions and value-add initiatives in Central Texas, recognized the potential of PropUp’s platform to address a critical pain point: lengthy and costly unit turnovers.

“We were looking for ways to accelerate our renovation process and reduce vacancy loss,” explains a source within OTH Capital. “Our existing systems were fragmented, making it difficult to track work orders, manage vendors, and ensure consistent quality. We needed a solution that integrated everything seamlessly.”

The Challenge of Turnover: A Drag on Returns

For multifamily investors, minimizing downtime between tenants is paramount. Every day a unit remains vacant represents lost revenue. Traditional turnover processes are often plagued by inefficiencies – delayed work orders, poor communication, vendor management headaches, and a lack of real-time visibility. These issues can quickly add up, eroding profitability.

PropUp’s platform addresses these challenges with a comprehensive suite of tools. It streamlines the entire turnover process, from initial inspection to final cleaning, with features like digital make-ready boards, automated work order management, vendor communication portals, and real-time progress tracking. The integration with existing property management systems allows for a seamless flow of information and eliminates data silos.

“The key is to create a system where everyone is on the same page,” says an industry analyst specializing in PropTech. “When you have real-time visibility into the status of each work order, you can proactively address issues, prevent delays, and ensure that units are turned over quickly and efficiently.”

Dramatic Results: Cutting Turnover Times in Half

The impact of the PropUp-OTHCapital partnership has been nothing short of remarkable. By implementing the platform across the Astra and Carina properties, OTH Capital slashed average turnover times from 63 and 57 days, respectively, to just 21 and 25 days. This translates to a significant increase in revenue and a substantial boost to the bottom line.

Beyond reducing turnover times, the partnership also achieved a 24% increase in renovation rates, surpassing OTH Capital’s initial target of 15%. This was achieved through improved project management, streamlined communication with vendors, and real-time monitoring of progress. The platform’s ability to track costs and identify potential budget overruns also played a crucial role in maximizing profitability.

“The efficiency gains were significant,” a source within OTH Capital confirmed. “We were able to complete more renovations in less time, with fewer errors and lower costs. This allowed us to increase rents, attract higher-quality tenants, and ultimately deliver a superior return for our investors.”

Beyond the Numbers: A Blueprint for the Future

The success of the OTH Capital-PropUp partnership extends beyond the impressive financial returns. It offers a valuable blueprint for other multifamily investors looking to leverage technology to improve operational efficiency and maximize profitability.

The partnership’s approach – integrating a specialized turnover platform with existing property management systems – is a winning formula. By focusing on streamlining a specific, critical process, OTH Capital was able to achieve measurable results and unlock significant value.

“Many property owners are hesitant to adopt new technologies,” says an industry consultant. “They worry about the cost, the complexity, and the disruption to their existing operations. But the OTH Capital-PropUp partnership demonstrates that the benefits far outweigh the risks.”

A Competitive Landscape and the Rise of PropTech

The PropTech market is rapidly evolving, with a growing number of companies offering innovative solutions for the multifamily housing sector. While general property management software packages often include some features for maintenance and work order management, PropUp differentiates itself by focusing specifically on the turnover process. Competitors like SuiteSpot Technology also offer specialized turnover solutions, while other firms are developing broader AI-powered platforms for optimizing property operations.

“The key to success in this market is to identify a specific pain point and develop a solution that addresses it effectively,” says a venture capitalist specializing in PropTech. “PropUp has done that by focusing on streamlining the turnover process and delivering measurable results for its clients.”

The OTH Capital-PropUp partnership exemplifies a growing trend in the multifamily housing sector – the integration of technology to improve operational efficiency, enhance the tenant experience, and maximize returns. As the PropTech market continues to evolve, investors and property managers who embrace these innovations will be best positioned to thrive in the years ahead.

The team will present their findings at the NMHC OPTECH Conference & Expo in November, offering a valuable case study for industry peers. The partnership's success highlights the potential of PropTech to transform the multifamily housing sector and unlock new levels of profitability for investors and property managers alike.