Capstone Commercial Real Estate Advisors
Well managed properties produce the highest financial return to owners and offer the best service to the community.
As an apartment owner, you have unique knowledge of and experience with your properties. You found them, you bought them, and you can run them. Why entrust their – and your – success to Downing Property Management (DPM)?
This “Top 7” list describes problem areas that our existing clients regularly describe to us – and that we regularly help them manage. Do any of these sound familiar?
Today’s rapidly changing markets have made it difficult to set apartment pricing, and to “price to market” to achieve the best returns.
How can you determine the ideal pricing range for your apartments?
Several apartments in your holding have vacated, and you need to spend time marketing them, showing them, qualifying prospective tenants and processing paperwork.
You’d like to visit all your apartments regularly –
regular inspections are a cornerstone of preventative maintenance, which can be a critical area in managing costs.
How can you ensure that your apartments are maintained regularly, consistently and predictably?
Your insurance payments have increased significantly over the past few years. Fewer carriers are offering to insure apartments buildings, and the one who do may charge a hefty premium.
How can you acquire coverage at better rates?
Your handyman left. Now you’re looking for a reliable replacement, in the middle of normal turnovers and ongoing day-to-day maintenance. You’ve gotten an emergency call in the middle of the night. You call your regular service, but they’re tied up on other jobs.
How can you make sure that you get quality assistance when you need it?
Ongoing late payments can take up management time and impact your bottom line with both early turnover and potential litigation or constant management of specific tenants.
What’s the best way to effectively manage late payments?
Booking and Tracking Issues
You need to track such things as repairs, rent collection, tenant correspondence and upcoming events such as inspections and lease renewals. As your holding grow, this can take more and more time and this record keeping is itself subject to various regulatory requirements.