Client Services
PROPERTY MANAGEMENT
As the owners of a diverse portfolio of multi-family communities, our many years of experience enable us to design a unique and specific approach for each managed property.
Our Property Management Services include:
- Rent collection and bad debt management
- Reviewing and paying all property expenses
- Accounting for all property income, expenses, assets and liabilities
- Developing and maintaining the Management Plan
- Establishing a property specific marketing strategy and rental policy
- Preparation of operating, major maintenance and capital improvement budgets
- Negotiation of contracts for quality services and supplies at the best prices
- Actively monitoring market conditions
- Setting and reviewing rental rates weekly
- Building, grounds and equipment maintenance programs
- Staff management and training
- Maintaining good resident and public relations
Due Diligence and the “Owner’s Mentality”:
Our “Owner’s Mentality” shows in the way we approach and evaluate a property for potential acquisition for ourselves or for our client.
Our services include:
- A unit-by-unit walk-through inspection
- Mechanical systems inspections and assessment
- Exterior physical inspection
- Vendor contract review
- Thorough rent roll analysis
- Complete lease file audit
- Demographic analysis
- Market survey and competition shopping
- Other sources of income and fees analysis
- Historical and current financial statement review
- Staffing assessment and review
- Utility review and metering assessment
- Insurance and risk review and assessment
- Real Estate taxes and assessment analysis
- Property needs assessment
- Recommended capital budget
- Operating proforma budget
Construction Management - enhancing assets and increasing profits:
We have the experience and expertise to plan and manage major remodeling and construction projects. Additionally, we have successfully completed both small and large rehabilitation jobs that served to maximize income or reposition a property’s place within its market. Our experience includes substantial physical rehabilitation, as well as adding new units and amenities to existing properties.
Our services include:
- Evaluation of alternatives
- Project conceptual design
- Bid supervision
- Construction management
- Construction project accounting
