Conrad Property Management
Whether you own a few apartment units or hundreds, Conrad Property Management Inc. has the flexibility and the professional staff with the knowledge and training essential to effectively and efficiently manage multifamily properties while minimizing owners’ hassles and maximizing cash flow.
Multifamily Property Management has become increasingly complicated and burdensome. There are new and changing regulations, and it has become more challenging to secure and retain reliable tenants, as well as dealing with the wide variety of issues and occasional problem tenants. Managing rental properties is a 24/7 job, requiring after-hours work at inconvenient times. In addition, it requires up-to-date knowledge, licensing, and insurance to ensure compliance with local, state, and federal regulations.
Showing units to prospective tenants, handling tenant emergencies and late night phone calls, and attending to maintenance and other issues—that’s what we do every day. Additionally, we have a thorough understanding of the landlord-tenant laws, fair housing regulations, and eviction laws. We have the knowledge and maintain all required licensing and insurance to manage your apartment property successfully and in full compliance with all applicable regulations.
Conrad Property Management gives you peace of mind, knowing that qualified professionals are taking care of your properties, with minimal disruption to your daily life, so you have more time to enjoy the people and things most important to you.
Also, as an owner client, you will have use of our Owner Portal service, giving you secure access to a variety of information and tools online, making your life as a landlord easier than ever.
THE CONRAD PROPERTY MANAGEMENT DIFFERENCE
Our team has the right mix of knowledge and experience in multi-family residential to make Conrad Property Management the first choice for managing your properties. We want to simplify your life as a property owner/investor, giving you peace of mind, and freeing you up to devote your time and energy to other matters.
Because we value our clients, we offer full service income management, which includes responsibilities such as monthly reporting, tenant concierge, web portal systems, inspection management and maintenance, unit leasing and turnover, eviction and legal services, insurance and lender shopping, employee hiring and management services, and project management services.
With our expertise and experience in the industry we have differentiated ourselves from our competitors by offering our clients an array of services and by making their assets and property a priority. We provide management solutions at competitive rates and because we have a proprietary division of labor that allows us to perform more effectively, efficiently, and accurately, we are able to pass those saving down to our clients.
Conrad Property Management specializes in comprehensive property management service for multi-family apartment buildings with 2 or more units. We are also all-inclusive so there are no hidden fees; all fees are included with your competitive monthly management fee.
Among the things included in your competitive monthly fee are the following:
Professional, Courteous Service
As property management specialists in the Los Angeles and San Fernando Valley, we focus on delivering an outstanding level of service to our clients and their tenants. Our experienced, licensed property managers treat every client and tenant with courtesy and respect, and handle every situation in a professional manner.
Preparation of Your Property for the Rental Market
We inspect and evaluate your property, making recommendations to best prepare the property for the rental market and for achieving the optimal rental rate. We then arrange and supervise the completion of any approved upgrades, maintenance, and repair items.
Determination of the Optimal Rental Rate or Sales Value
We perform a professional market analysis of each property using traditional and contemporary methods to assist you in determining the optimal monthly rental rate, or to determine the estimated sales value of your investment property. We take a modern approach to market analysis by incorporating proprietary online tools, while also utilizing long-established conventional methods such as calling buildings in the area and collecting rent rate data.
Development of a Focused Marketing Program
We develop and execute a targeted marketing program designed to get your specific property rented as quickly as possible.
We use a variety of resources, including dozens of online rental sites, MLS listings, flyers, , internal prospective tenant waiting lists, our website, newsletter blasts, local print ads, local business message boards, and arrange showings of the property to pre-qualified prospects.
Screening of Prospective Tenants
We provide assistance in thoroughly screening your prospective tenants, including rental and credit history, prior bankruptcies, foreclosures, or nationwide evictions and judgments, verification of income and employment, references, etc. We then review the results of the screening process with you to assist with your tenant final selection. As the owner, you always make the final decision on the selection of a tenant. Our goal is to make that decision easier.
Owner Portal Services
Conrad Property Management offers all owner clients our owner portal service, providing each with secure access through a private login to the interactive owner section of the Conrad Property Management website 24 hours a day, to get financial information or arrange for assistance regarding their property.
Handling of Agreements and Documentation
We prepare the lease agreements and any associated forms, including required California disclosures, and a Move-In report, to be executed by the new tenant. We provide the tenant with copies of rules and regulations regarding occupancy of the property, maintenance, etc. A copy of this lease and other corresponding documents are then digitized, and always accessible in the owner/tenant portal 24/7.
Collection and Disbursement of Rental Charges and Fees
We handle collecting rents on your behalf, depositing it into your trust account where it remains until disbursed to you. We also handle delinquencies in accordance with your policies and at your direction, including coordinating with debt collection agencies if necessary.
Payment of Monthly Expenses
We also handle payment of various fixed and recurring expenses on your behalf, such as mortgage, property taxes, insurance, utilities, maintenance, and any contracted regular services, such as janitorial, landscaping & elevator maintenance.
Property Maintenance and Repairs
Maintaining your rental property is important to protecting your investment. We coordinate all normal maintenance and repairs, such as plumbing, painting, janitorial, flooring, drywall, etc. We promptly advise you of any damage or excessive wear & tear, or the need for more substantial repairs, such as roof or window replacement.
Monthly Accounting Reports
We provide each client with detailed, fully customizable monthly statements itemizing all income and expenses, as well as year-to-date totals. As our client, you have access to hundreds of additional reports to be added to your statement. We also provide year-end summary reports suitable for use in preparing your tax return, along with any applicable IRS Form 1099.
In conclusion, Conrad Property Management is not your typical management company. We offer full service property management and we strive to give you and your tenants the best experience possible while making you a profitable return on your investment. We cover everything from inspecting and evaluating your property to screening your prospective tenants, all to make your life as a landlord easier. We take care of all the small details while you sit back, relax and know that your property is in good hands. So if you’re ready to minimize your hassles and maximize your cash flow, feel free to reach out to us for your competitive quote today. We look forward to speaking with you about this great opportunity soon.