Mel & Jay Management, LLC
Syracuse, NY 13204
Our purpose as property managers is to maximize the owner's income and shoulder the owner's stress. Our niche is 1-4 unit residential properties and within that paradigm we understand that if we put the investor's needs first, the rest will follow. Everything at Mel & Jay Management is single mindedly pointed at that goal.
A Balanced Approach
Mel & Jay Management, LLC (MJM) began in the spring of 2005 and is a family business engaged in full-service income property management responsible to dozens of owner-investors and managing nearly 100 living units. To achieve our purpose we are philosophically committed to creating balance between investors, tenants and neighborhoods in a mutually beneficial synergy. We stand at the nexus of an ongoing business process in which success is achieved when everyone gains. This requires quality tenants who appreciate the places they are renting, investors as interested in long-term ROI as they are in short term cash flow, and a community that is willing to work with out of state investors.
What does Mel & Jay Management do?
Investors in multi-family residential properties, particularly those who do not live in the vacinity of their properties, face increasingly complex needs and a growing number of legal requirements. As a result they must entrust the operation of their properties to management professionals who perform the full gamut of necessary functions to ensure that their experience is profitable.
Rapidly changing asset values demand that managegement be knowledgeable of about business requirements, neighborhoods, state laws and requirements, sources for tenants and various governmental payment methods - when used. All that being said, the most important parts of a property managers function is to use common sense, communicate and be honest.
Basically, MJM does what any astute owner would do. We assess what is reasonable and practical to make a property rentable and discuss our findings with the owner. We evaluate the amount of rent to be charged with the owners. We advertise for, screen and acquire new tenants. We collect rents, handle emergencies, take care of repairs and maintenance, meet with city inspectors, handle rental registry requirements and if necessary we initiate and carry out evictions. We automatically provide monthly financial reports to every owner. We do everything in our power to ensure maximized returns and that the owner's stress is minimized, In some cases we handle mortgage payments, insurance and pay water and utility bills. Trustworthiness and professional conduct and clear record keeping are essential.
Acquiring good tenants is a key activity for managers and owners. We have not placed a newspaper ad or used a "for rent" sign in several years because experience has taught us that these two sources do not necessarily provide quality applicants. Instead we exclusively utilize on-line advertising. We ask all applicants to fill out a rental application form which can be completed on line or printed out and filled in by pen. We check references, sources of income, former landlords and gather other information useful in finding tenants who will respect an owner's property, enjoy living in the property, who desire to remain more then one year if possible and who can afford to pay their rent. We use our own lease which is based on the official New York State Residential Lease Form modified to meet the need of the Syracuse market.
Our overiding purpose is to maximize an owners ROI.
Services we provide
- Renter’s complaints and issues
- Handling emergencies
- Rent collection
- Discipline Insuring tenant adheres to the terms of their lease
- Recording collections and expenses
- Paying income property related bills (taxes, insurance, water, etc.)
- Providing owner with financial reports
- Advising owners concerning property improvements when necessary
- Communicating effectively with owners
Mel & Jay Management is the third management company we have used in the Syracuse area and the only one we would recommend. - Mike P, Clearwater, FL
Mel and Jay have been there for me all the way . Honesty and communication is their standards . It would be foolish not to go with them . Thanks for all the great service Jay , Mel and Liz. - Julien P., Montreal, QC
I have had the pleasure of using Mel & Jay's property management service for 2 years now. Mel & Jay are always easy to reach, friendly, and most important trustworthy. Being an owner who lives more than 3 hours away from my property, I feel completely at ease that Mel& Jay are handling my tenants and property. - Ronald B., New York, NY
- In business under this name: 8 years
- Company size: 1 to 5 employees (full time)
- We manage the following property types:
- Single Home or Condo (valued under $250k)
- Single Home or Condo ($250 to $500k)
- Single Home or Condo ($500k to $1 Mil.)
- Multi-Family (2-4 units)
- Multi-Family (5-19 units)