What are management costs?
Management costs are the fee that property management firms charge for service.
What are real estate market trends?
Market trends for real estate include the current monetary value of properties, commercial leases, and apartment rentals in the surrounding area. It reveals what owners can negotiate for new leases or renewals.
What comprises financial planning and budgeting in property management?
Financial planning and budgeting is applied to yearly budgets, operating cost, capital improvement cost, etc.
What accounting services are offered at Property Pro?
We collect monthly rents and move-in deposits, review and pay all bills/invoices, continually build books and records, plan reserve and replacement costs, seek bids and contract services, increase schedule gross income, and disburse owner draws.
What are the duties involved in day-to-day supervision and long–term strategic planning?
- Reducing unscheduled shutdowns and repairs
- Extending equipment life (thereby extending facility life)
- Realizing life-cycle cost savings
- Supervising on-site management and staff
- Visiting the property routinely
- Landscaping and irrigating
- Maintaining lighting and general security
- Overseeing laundry rooms and service agreements
- Handling pool service
- Turning over vacant units
- Overseeing construction and maintenance needs
- Handling maintenance requests
- Supervising rehabilitation and enhancement work
- Obtaining price breaks on carpets, draperies, appliances and supplies
- Maintaining streets and sidewalks as well as fences, walls, and signs
- Advertising and marketing vacant units/suits
- Screening and qualifying perspective tenants
- Moving in and out procedures for tenants
- Evicting unlawful detainers and settling small claims action
- Providing a 24-hour answering service
- Handling payroll requirements and reporting
- Reviewing insurance needs
What are your requirements for vendors?
Vendors are insured and licensed contractors, landscapers, electricians. Because we have vetted and established long-term relationships with the vendors we hire, we secure aggressive pricing for services.