The physical management of any investment
property entails more than just an occasional inspection and
responding to the tenant's requests for repairs. Each individual property requires its
own management program designed to fulfill the needs of its
different characteristics. Items such as age, location, and type
of structure all have an influence on the type of program to be
After obtaining this information, we formulate
an effective management program tailored to preserve your
investment. Two aspects of an effective management
program are maintenance and property inspections.
Regular attention and care, using
reliable and competent contractors, results in a well-maintained
property that is able to command the best possible returns.
Each job to be done on your property
is first examined to determine its necessity and extent. Only
after this examination has been completed is the job ordered
through a reliable contractor.
This enables us to attain the best possible services at the most
reasonable prices for the particular job required.
In the event work is necessary on your
property, we as managing agents will use our discretion in
authorizing jobs of up to $250. Any larger repairs or
maintenance projects will only be ordered after obtaining
approval from you. Naturally, in instances where immediate
action is necessary to prevent damage to the property or keep it
habitable for the tenant, and there is no time to contact you
for approval, we will have the work done and contact you as soon
as possible to advise you. Two examples of this situation are
the rupturing of a main water line on the property or the total
breakdown of a water heater, requiring replacement.
After completion of any work ordered by
our managers and before invoices are paid, the jobs are
inspected for satisfactory completion. Any discrepancies found
are ordered corrected prior to approval of the contractor's
invoice. Any discount we derive because of the volume of work
ordered from our contractors is passed on to you as an owner.
Property inspections are conducted on a
frequency designated by the property management plan, and are
designed to accomplish a variety of goals. Among these are to:
assure the proper care of the property by the tenants; judge the
quality of maintenance performed; and to discover small problems
before they turn into major ones.
In addition to routine inspections -
both exterior and interior - a good working relationships with
vendors and the resident managers give our managers additional
sources of information about anything occurring on the
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