PROPERTY MANAGEMENT MULTIFAMILY PROPERTIES Victor M. Rex CPM® CCAM® CCIM® Principal.

Slides:



Advertisements
Similar presentations
A Move to the City 6th Period English April 8, 2013.
Advertisements

Amerisource Funding, Inc. (800) US MONEY JUST ASK YOUR CLIENTS IF THEY NEED CASH. WE PROVIDE SHORT-TERM, CASH FLOW SOLUTIONS. WE GIVE COMPANIES THE FREEDOM.
Rentals By Mark “ Making your NEEDS our PRIORTIES.”
LeaseOwn Homes We invest in real estate without risk or liability and create homeownership opportunities for those who don’t qualify for traditional financing.
LeaseOwn Homes We invest in real estate without risk or liability and create homeownership opportunities for those who don’t qualify for traditional financing.
Foundations of Real Estate Management BOMA International ® Module 2: The Well-Versed Real Estate Manager Accounting and Reporting ®
Owner Clients “Designed for Fee Based Property Management Firms” © 2009 Domin-8 Enterprise Solutions LLC. All rights reserved. Larry Newcomer Director.
HOUSING CHOICE VOUCHER PROGRAM 1. * AGENDA *  Introduction and Summary of Programs  General overview of the HCV Program  Roles and responsibilities.
CONDO MANAGER The Leader in Association Accounting and Management Software Mailing Address: P.O. Box Charlotte, North Carolina Web Site
Navigating your entitlement to buy and/or sell a residence under Permanent Change of Station orders.
ATHENA Student Accounts Orientation. Contact Information Website: Address: or Location: 424 E.
Tenant Package Coldwell Banker Pioneer Real Estate Property Management Division Sunnymead Blvd. Moreno Valley, Ca off (951) fax (951)
McGraw-Hill/Irwin ©2008 The McGraw-Hill Companies, All Rights Reserved CHAPTER9CHAPTER9 CHAPTER9CHAPTER9 Introduction to Income- Producing Properties:
McGraw-Hill/Irwin ©2008 The McGraw-Hill Companies, All Rights Reserved CHAPTER9CHAPTER9 CHAPTER9CHAPTER9 Introduction to Income- Producing Properties:
Property Management Services. State of the Market Although there are signs of stabilization. oversupply of homes on the market and low absorption rates.
© 2013 All rights reserved. Chapter 16 Condos and Coops1 New York Real Estate for Salespersons, 5 th e By Marcia Darvin Spada Cengage Learning.
P. Leon King | Managing Partner
HOLMES BEACH PROPERTY MANAGEMENT, LLC MANAGEMENT PLAN INDEX I. Administration of the Association A. Officers and Responsibilities B. Meeting Schedules.
A Career in Property Management. What Is A Property Manager? A property manager is someone who – Maintains and manages property according to the goals.
©OnCourse Learning. All Rights Reserved.. Condominiums, Cooperatives, PUDs, and Timeshares ©OnCourse Learning. All Rights Reserved. Chapter 6.
Raising Private Money Online Series Class 3: Perfecting the Private Money Pitch Konrad Sopielnikow of FortuneBuilders Inc & Chris Yates of CM Yates Inc.
Chapter 09: Income-Producing Properties: Leases, Rents, and the Market for Space McGraw-Hill/Irwin Copyright © 2011 by the McGraw-Hill Companies, Inc.
Decatur H.O.M.E. (Home Ownership Made Easy) Program Presented By: City of Decatur Community Development Department.
1 Property Management Working with Investors to Increase Sales.
Real Estate Principles and Practices Chapter 15 Property Management © 2014 OnCourse Learning.
Housing: A Place To Call Home
Training on Financial Management for Fiscal and Asset Managers Technical Assistance for Community Services and Housing Development Center April 2, 2008.
Vehicle Related Expenses You can claim the following vehicle related expenses: – gas – Oil changes – Repairs – Toll charges – Parking – Insurance – Tax.
FINANCIAL STATEMENTS. Why Use Financial Statements? Investors and bankers Investors and bankers Suppliers and creditors Suppliers and creditors You and.
“DOING BUSINESS THE RIGHT WAY....” Basic Introduction to Residential Property Management 2011 PRO LEASING AND PROPERTY MANAGEMENT COUNCIL PRESENTS...
InvestinSouthBay.com Property Management Service Proposal Prepared for: _____________ Date: _____________ Address:
©2012 Pearson Education, Auditing 14/e, Arens/Elder/Beasley Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts.
Author name here for Edited books chapter 11 Finance and Budgeting 11 Finance and Budgeting chapter.
Chapter 17 Property Management A property manager is also a people manager and relationships are important. This manager may be checking a property’s plans.
© Oklahoma State Department of Education. All rights reserved.1 Housing Alternatives Standard Renting vs. Buying.
© 2009 by South-Western, Cengage Learning SAMIRLANDER Chapter 1.
* The address used when the guarantor request to have statements, collection letters and guarantor/patient ledgers sent to someplace other than the permanent.
Association Management Services. Comprehensive Management Services HOA Board Totem Creek Management Financial Oversight And Management General Day to.
Chapter 3 Financial Management Part 2 BCN 4772 Summer 2007.
© 2012 Cengage Learning. Condominiums, Cooperatives, PUDs, and Timeshares Chapter 22.
Renting Versus Buying. Does renting or buying have less responsibility for maintenance and upkeep?
Chapter 10 Renting a Home Selecting Rental Housing Tenant Rights and Responsibilities Sharing Housing Feeling at Home.
Welcome to our online presentation. To proceed through the presentation, please use your right (forward) or left (reverse) arrow key or right click you.
Montreux Homeowners Association repossession process BY PETER.
Real Estate Principles and Practices Chapter 15 Property Management © 2010 by South-Western, Cengage Learning.
Property Management Proposal
Def:It is an opinion of value rendered by an impartial person skilled in the analysis and evaluation of real estate Appraisals.
Lima One Capital Broker Program OnBoarding Presentation Welcome Package.
©2012 Prentice Hall Business Publishing, Auditing 14/e, Arens/Elder/Beasley Completing the Tests in the Acquisition and Payment Cycle: Verification.
1 Property Management As a Prospecting Tool to Increase Sales.
Copyright ©2012 Delmar, Cengage Learning. All rights reserved. Chapter 20 Accounts Payable and Accounting Procedures.
Lima One Capital Broker Program
Pitfalls and Opportunities in dealing with foreign buyers and sellers of real estate.
Modern Real Estate Practice in Illinois Eighth Edition Chapter 18: Property Management ©2014 Kaplan, Inc.
Alliant Alliant Property Management, LLC A New Approach to Association Management!
Sto. Tomas Road, Brgy. Dontogan, Baguio City (074) VPMC INTRODUCTION.
DB Broker, LLC is a residential property management company serving San Antonio, TX. We specialize in single family homes and residential property up.
Shares of Stock O We bought 400 shares at $2.50 a share. O (400*2.50)=$1000 O The corporation is paying you $0.20 per share. O (400*.20)=$80 O At the end.
United Renovations Specialty Group MAKING OCCUPIED UNIT RENOVATIONS EASY FOR OWNERS AND RESIDENTS….
Copyright ©2014 NARPM®(rev. 10/14). Management Businesses Are Started To: Copyright ©2014 NARPM®(rev. 10/14)
Renting a Residence.
LeaseOwn Homes We invest in real estate without risk or liability and create homeownership opportunities for those who don’t qualify for traditional.
Property Management Services.
T-ReX Global Property Management Made Easy
BUSINESS INCOME COVERAGE EXPENSE CHART
By Jon Westrom. An INVESTMENT OR A BUSINESS…?  Rent Collection  Property Marketing  Property Inspections  Financial Reporting  Tenant Screening.
COMMERCIAL BUILDING FOR LEASE 1712 Osborne Rd St Marys, GA 31558
WESTROM GROUP PROPERTY MANAGEMENT.  Rent Collection  Property Marketing  Property Inspections  Financial Reporting  Tenant Screening ABOUT US.
The Dental Practice: Business Foundations
Presentation transcript:

PROPERTY MANAGEMENT MULTIFAMILY PROPERTIES Victor M. Rex CPM® CCAM® CCIM® Principal

PROPERTY MANAGEMENT MULTIFAMILY PROPERTIES Victor M. Rex CPM® CCAM® CCIM® Principal

Decades of Combined Management Experience Over 3000 Units under Management Licensed in California, Oklahoma, and Texas Insured by A+ Rated Insurance Company Corporate Headquarters in Beverly Hills, CA Multiple Offices in California, Texas, and Oklahoma Construction and Legal Affiliates at Discounted Rates Team Members include Certified Property Manager®, Certified Community Association Manager®, Seasoned Investors, Licensed Broker, General Contractor, and Attorney INTRODUCTION

Single Family Estates Condos and Townhomes Homeowner Associations Smaller Multi-Family Residences (1-15 Units) Larger Multi-Family Apartments ( Units) Commercial Properties (Retail and Office) PROPERTIES

Online Accounting Online Owner and Tenant Portals Online Documents and Financials Full Service Property Management and Leasing In House Repairs and Maintenance Large Vendor Database for Competitive Bids Construction and Legal Affiliates SERVICES

Web-Based System Online Profit / Loss Reports – Can Be Self-Generated by Property Owners Monthly Statements for Property Owners – Year to Date Statements – Monthly Detailed Statements – Budget Variance Reports Monthly Statements for Tenants – Tenant Statements Online Rent Payment – Pay with eCheck, AmEx, Discover, MasterCard, or Visa ACCOUNTING

Budgets Income Statements General Ledgers Balance Sheets Resident Statements Delinquency Statements Resident Contact Information STATEMENTS

In House Repairs and Maintenance Multiple Vendor Bids for Larger Repairs Non-Emergency Repairs within 24 Hours Online Maintenance Requests Submit through Resident Portal Toll Free Number at 1 (888) to REPAIRS

Management Cost – 5% to 7% of Monthly Gross Collections – Flat Fee with No Additional Charges – Thirty Day Cancellation Without Cause Leasing Services – 5% to 6% of Gross Lease Consideration – Flat Fee with No Additional Charges – Includes Cooperating Broker Fee (for MLS) MANAGEMENT FEES

Corporate Office: Branford St. Arleta, CA (888)

439 NORTH CANON DRIVE | SUITE 300 | BEVERLY HILLS | CA | CONTACTS 1 (888) Corporate 1 (888) Facsimile 1 (888) California 1 (888) Oklahoma 1 (888) Texas