Property Management & Asset Management
Property management demands a “hands on approach” to maximizing the investment’s potential. As markets are in a continual state of flux, management has to be cognizant of the needs of the property’s tenants, or fear losing occupancy.
We pride ourselves on the fact that the property is staffed or outsourced with the best suited vendors to ensure an efficiently operated property. Contractors are regularly asked to bid their services so that their pricing remains competitive.
We utilize the most up-to-date management and accounting software to provide accurate and timely reports to the owner of the property’s performance.
Asset management services include periodic review of the properties performance measured against its competitive set. We adjust rents and concessions on a monthly or quarterly basis to ensure the best possible performance. We develop leasing plans with on-site personnel or the brokerage community.
Annual review of the property’s value is measured against current cap rates, comparable sales and the properties 10-year cash flow projections to determine the most suitable time to sell or recapitalize.
We conduct a periodic review of the indebtedness to determine refinance possibilities measured against current interest rates, the cost to do defease, and expert opinions as to future interest rate trends.
All of these services are designed to maximize the potential of your real estate investment.