Rents are collected and deposited by the 10th of every month.
Market rent is surveyed monthly and suggestions of rent increases
are forwarded to the owner. Other sources of income like water,
trash, storage, parking, etc are investigated.
Receivables
Any rent not paid by the 10th is referred to our collection department
for aggressive collection. Eviction proceedings will be initiated
for tenants that do not respond to our collection efforts. Receivables
that remain are sent to our collection company for collection
and reporting to credit agencies.
Payable
All invoices are paid on a timely basis and any discounts available
will be taken.
Expenses
Expenses are analyzed on a monthly basis. Any savings obtainable
will be applied. In almost every circumstance we will use our
own staff. This is a huge savings over using outside vendors.
We receive substantial discounts from our vendors because we buy
in large quantities. Every year we shop the market for insurance
policies with lower premiums. Property tax appeals are made every
tax year.
Reporting
Our state of the art Yardi management software allows us to create
timely, accurate financial, tenant and vendor reports. We can
also provide custom reports required by the owner.
Refinancing We
have excellent relations with a selection of loan brokers that
can assist in refinancing your property if needed.
Leasing:
Marketing
Successful marketing is the key to maximizing income. We carefully
analyze each market and create a marketing plan unique to that
market. The plan includes print medium, online advertising, web
pages, signage and word of mouth.
Sales
Every manager and leasing agent is trained in the latest sales
techniques.
Tenant
Screening
We use the latest online screening procedures. Every manager and
leasing agent is trained to evaluate the credit and procure proof
of income and rental history.
Legal
Issues
All
leases and forms are updated periodically to conform to the latest
laws.
Maintenance:
Maintenance
Staff
Our maintenance staff is trained in their specialty. They
are also trained to be professional and to clean up after
finishing the project.
Managers Managers
are trained to collect work orders, either hard copy from
tenant or online, process them quickly and to follow up to
make sure work was completed and that the tenant is satisfied.
Administrative
Services:
Training
Our professional staff will train and supervise employees
in all areas of legal compliance, marketing/sales and tenant
problem solving.
Compliance
It is the duty of our staff to stay abreast of regulatory
compliance, Fair Housing, OSHA, environmental issues and tenant/landlord
laws.
Preventive
Maintenance
We will create a preventive maintenance plan for the property
and include it in the budget.
Income