What We Do-
Owners of a property have a great deal of
time and money in their investment. To assure a long-term quality return
from their investment they employ the services of a professional property
manager. A property manager can be thought of as an investment
advisor. In order to make certain your real estate investment is
achieving the highest and best returns use the skills and knowledge
of a person trained in the many facets of property management.
ACRES Real Estate Services, Inc. is much more
than your experienced professional property manager. We think of ourselves as a real estate asset
portfolio manager that is a part of your group of professional advisors in
helping you with wealth accumulation and preservation. We do this by providing education and
consulting services, financial analysis and planning of your real estate
investments, identifying opportunities:
when to dispose and when to acquire real estate investments and current
portfolio management.
Management Plan-
ACRES Real Estate Services, Inc.
develops and implements a detailed asset management plan for each client and
for each property. Each property’s strategies are tailored to integrate a
proactive management approach which focuses on asset preservation, marketing
& leasing and tenant retention to achieve our clients’ goals and
objectives. We service many types of properties from Class ‘A’ office to
retail, industrial and multi & single-family residential real estate.
Our clients range for single property ownership to large portfolio’s and
corporate entities.
Level of Service-
We have learned the owner of a property may
desire to perform a level of management themselves as they feel
comfortable. We can develop a flexible plan that includes certain
services provided by the owner. In respect, we also have different levels
of our fee structure respective of the level of service provided.
Some of Our Services
Offered-We offer many types of services, which
include but are not limited to:
- Provide property owners with a level of anonymity from their tenants and the day-to-day operations
- Establish
a rental schedule that will bring the highest market yield
- Merchandise
the space and collect rents
- Create
and supervise maintenance programs, schedules and repairs
- Set-up
payroll system for employees
- Develop
a tenant relations and retention program
- Develop
employee/contractor policies and supervise their operations
- Maintain
proper accounting records and bill paying
- Disburse
(or receive) funds to (from) owner and provide financial statements
- Qualify
and investigate prospective tenant’s credit
- Analyze current leases to determine where you could be losing income
- Prepare and execute leases, renewals and options
- Provide
project management for tenant improvements, capital improvements and common
area renovations
- Hire,
instruct and maintain satisfactory personnel, contractors and 24 hour emergency
contact list
- Handle annual filing of vendor 1099s as required by the IRS
- Audit
and pay bills, taxes and insurance premiums
- Prepare
and market vacancies through broker operations
- Develop
branding and marketing presence of property within the marketplace
- Recommend
alterations, modernization and value-added improvements
- Review
risk management coverage for enhancement and cost-savings potential
- Inspect
property as required
- Keep
abreast of current market conditions
- Cash
flow analysis, expense budgeting, proforma analysis, and financial modeling
- Due
diligence
- Disposition,
1031 exchange implementation and investment repositioning
- Establish
NNN expense and CAM schedules and
reconciliation
- Periodic
review of debt structure and analyze potential savings in restructuring
- Portfolio owner’s
funds kept in owner-specific, interest-bearing management trust account
- We
charge a flat-rate fee based on the level of services requested and offer additional
services that can be purchased on an á la carte fee schedule
- We
offer the ability for property owners to access all information in real-time on their properties including
bookkeeping, financial reports, tenant information, lease documents and copies of bills via
website
- Tenants
have the ability to view their account ledger and to pay their rent using
online electronic funds transfers. This
allows for continuity of rent payments as well as convenience for the tenant
- Property
owners, tenants and vendor access for maintenance requests and status via
website
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