Rental Property Management
Maintenance
It is important that preventative steps are taken to make sure that buildings are properly maintained. Boilers need to be serviced before the start of heating season. Roofs need to be inspected, patched, and coated as needed. Leaking plumbing and corroded pipes need to be repaired before they fail and cause costly damage. We have established relationships with vendors providing a wide range of services including: boiler maintenance, elevator repair, licensed 24-hour plumbers, and expert locksmiths.We secure competing quotations for our clients.
Bookkeeping is performed using Yardi, an industry standard property management software platform. Tenant rents are deposited into client's operating trust account.Expenses are paid on time from operating trust account. Bank accounts are reconciled each month. Monthly reports are created for each building owner. Year-end reports are provided to client's accountant with general ledger, trial balance, and other custom reports.
Leasing Service
- Commercial and residential lease administration is performed for renewals and new leases.
- All notes, rent roll, and tenant contact information is tracked by our property management system.
- Lease renewals are sent out for stabilized and non-stabilized leases at least 90 days in advance of expiration.
- Residential and commercial leasing is handled by our partnership brokers.
Legal Proceedings
- We can attend Civil Court hearings along with our attorney for all pending court actions.
- We can attend ECB hearings to minimize or eliminate fines.
- We can avoid unnecessary legal actions against buildings we manage by responding immediately to violations and correcting the problems that cause violations.
- We will initiate the 3-day notices against tenants failing to pay rent by the due date.
- We work with our attorney to file holdover cases against any occupant who is not the tenant of record.
