Founded in 2018 by Matthew Flume and Cole Burdette, Worth Street Partners is a Dallas-based multifamily property management firm dedicated to preserving affordable housing for the workforce. With over 600 units across six properties, their portfolio emphasizes operational efficiency and community service.
Initially managing all operations in-house, Worth Street Partners recognized the need to streamline backend processes. This led to a collaboration with MGA, aiming to optimize accounting and finance operations, thereby allowing property managers to focus on core activities like rent collection and work order management.
“MGA has been an integral piece in helping our property managers become more efficient,” says Cole Burdette, highlighting the value brought by outsourcing and automating certain processes.
Beyond accounting, MGA's proactive approach has been instrumental in supporting Worth Street Partners' growth. From forecasting potential needs to providing solutions before they arise, MGA has offered valuable insights and recommendations, including referrals and seamless integration of services like a PEO platform.
“Building out this company from scratch, we’ve been flexible in all the processes and adjoining software, and MGA has been a huge value-add for us in terms of capabilities. They know the industry and are well-equipped with technology recommendations, referrals, and so much more. When you start a company, there are many needs that you haven’t thought through, but MGA has done a great job forecasting needs that we might have and offering solutions before we even know we need them. They have a very collaborative yet professional approach.”
As Worth Street Partners looks toward the future, their relationship with MGA continues to evolve. This collaboration allows Worth Street to focus on business development and expansion while trusting MGA to help manage the complexities of running a growing company.
How MGA Supports Worth Street Partners:
- Outsourced accounting and financial management
- Proactive tax planning and regulatory compliance
- Strategic advisory for project structuring and business development
- Technology consulting for process automation and system optimization
With MGA’s guidance and strategic support, Worth Street Partners is equipped to scale efficiently, stay ahead of industry shifts, and continue their mission of preserving affordable housing while expanding their impact in the real estate market.
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