Our primary business is managing single family and multifamily residential properties, however, many Real Property Management offices are also experts in managing other types of property including apartment communities, Common Interest Communities, Real Estate Owned (REO) properties, and commercial property.
Many Real Property Management offices also serve apartment communities. Managing apartments can be complicated. Our focus is to provide the maximum return without the work associated with the day to day running of the community. We are familiar and comfortable with the regional culture as well as all applicable laws and regulations. We are well qualified and experienced to manage small to mid-sized apartment complexes. The services we provide can include lease agreements, rent collection, cash dispersal, and tenant relations and also 24 hour, seven days a week, maintenance and repair service.
Common Interest Communities
Common interest communities are comprised of individually owned units and shared facilities and common areas in neighborhoods of single family homes, condominium complexes and retirement communities. A Board of Directors usually manages the common areas (playgrounds, parking lots, swimming pools and clubhouses). as well as set policy and ensure compliance with the governing documents.
Real Property Management has the professional experience, systems, and tools to deliver excellent service to your community. We’ll help you minimize the stress and hassles that come with association management and improve relations among your members.
Five Ways We Can Help
- Cost-effective grounds and building maintenance, repairs and even remodels: Proactive attention, a systematized process and strategic alliances work together to save you time and money
- Precise, trustworthy financials: Our services include billing and collecting assessments, timely management of accounts receivable and payable, and preparing monthly financial reports
- Rigorous compliance: Associations avoid costly mistakes and legal actions with our compliance policies and tracking systems
- Experienced, trained professional team: No other property manager in the industry is backed by the intensive training required of our managers and staff, supported by a library of over 200 courses on every subject of property management and a centralized support team with over 25 years of experience
- Organized and timely administrative duties: Our professional staff handles administrative tasks such as recording and keeping minutes, responding to members’ questions and concerns, and creating and distributing newsletters
Not only will your members be pleased with our property management services, your board will have more time to focus on other responsibilities.
Real Estate Owned Properties
Real Estate Owned (REO) properties (foreclosed properties owned by a bank, government agency or government load insurer) can be found in nearly every neighborhood across the country. Bank REO properties are generally in poor condition and need repairs and maintenance, both to satisfy property upkeep laws and to preserve the property’s value for selling purposes.
In addition, the Protecting Tenants at Foreclosure Act (ProTAFA) basically gives a tenant the right to stay in a foreclosed home if they have a lease, forcing banks, and in some cases individual investors, to become the landlord. Many Real Property Management offices have the knowledge and experience in working with institutions to preserve foreclosed properties and abide by ProTAFA.
Many of our offices throughout the United States and Canada manage commercial property in addition to residential property.
A commercial property building often hosts a number of distinct tenants, for example, a shopping plaza may only be one building, but hosts a variety of businesses – each with their unique needs. As the property manager, we are responsible for both the individual tenants and the common areas. We not only ensure that each tenant is paying rent, but that they are paying a fair proportion of the expenses necessary to maintain the common areas. Negotiations with tenants and the potential problems associated with commercial properties can be complicated however the professionals at Real Property Management pride themselves with maintaining a harmonious relationship with the owners of the properties under their control, as well as with the tenants.
Real Property Management offices that handle commercial property are staffed with professionals who possess a great deal of knowledge on prevailing laws and the requisite expertise to deal with all aspects of commercial management. They are also prepared to conduct frequent property inspections and direct day-to-day maintenance issues to avoid costly problems and inconveniences.