Ellure Asset Management

Company Description

Ellure Asset Management is committed to providing superior service with your objectives in mind to ensure the success, financial solvency, and longevity of your community. Our team members have expertise in accounting, legal, marketing, real estate and business strategy to provide our property managers the support and guidance they need to successfully manage your community or commercial property.

Our knowledge of real estate is extensive; the organization as whole is very familiar with the laws that govern large plats of real estate, as well as the engineering and general construction associated with maintaining large properties.

Ellure Asset Management’s services and leadership team is in constant communication with clients providing the level of excellence in service, counsel and management our clients have come to expect. The Ellure Asset Management team emphasizes hard work and collaboration to manage our communities efficiently and with care.

Ellure Services

MULTI-FAMILY UNITS

• Collect monthly rents and follow up on delinquent tenants
• Provide detailed monthly accounting statements
• Pay all operating expenses within owner established spending limits
• Provide an annual market analysis and recommend rent rates
• Continuously market and promote the property
• Perform written move-in and move-out inspections
• Prepare annual budget
• Market and show vacancies, negotiate leases and prepare lease documents
• Conduct credit and background checks on prospective tenants
• Coordinate lease renewals
• Create open lines of communication with the tenants
• Arrange for the property and liability insurance coverage and report claims
• Attend to emergency issues 24/7 and develop an Emergency Preparedness and Response Plan
• Report on and review with client any necessary capital projects
• Set specifications, negotiate contracts and monitor owner approved renovations
• Coordinate and oversee service contracts and trades work
• Arrange for weekly inspections
• Establish preventative maintenance for building components
• Coordinate real estate tax reduction efforts
• Develop meaningful tenant relationships through service and communication
• Ensure compliance of local, state, and federal laws and ordinances

HOMEOWNER AND CONDO ASSOCIATIONS

• Attend board meetings
• Create and annual proposed budget
• Enforce rules and regulations
• Communicate with homeowners on behalf of the Board
• Arrange for payment of all operating expenses within predetermined limits
• Collect homeowner assessments and other charges
• Provide timely response to homeowner questions and work order requests
• Oversee board approved renovations and upgrades to the property
• Coordinate and supervise service contracts and trades work at the property
• Attend to emergency issues 24/7 and develop an Emergency Preparedness and Response Plan
• Provide detailed monthly accounting statements
• Report on and review with Board any necessary capital repairs
• Etc.

OFFICE BUILDING & INDUSTRIAL PROPERTIES

• Develop meaningful tenant relationships through service and communication
• Negotiate Lease Renewals and Extensions
• Collect rent and other lawful charges and pursue delinquencies
• Arrange for payment of all operating expenses within predetermined limits
• Place property and liability insurance and coordinate loss claims
• Subcontract with professional leasing agents to fill vacancies
• Oversee capital replacements and tenant improvements (additional fees apply)
• Coordinate and supervise service contracts for maintenance and repair
• Attend to emergency issues 24/7 and develop an Emergency Preparedness and Response Plan
• Provide detailed monthly accounting statements
• Report on and review with owner any necessary capital repairs and improvements
• Ensure compliance of local, state, and federal laws and ordinances
• Prepare annual budgets
• Invoice tenants for their pro rata share of the common area expenses
• Prepare detailed Lease Abstracts