Property Management and Optimization
Reliable - Hassle Free - Piece of Mind
Are you a property owner looking to maximize the potential of your multi-unit apartment building? Discover the peace of mind that comes with a dedicated management team taking care of your investment. Let us transform your buildings into a thriving, hassle-free asset.
At Highmark, we believe in the infinite potential of each property. We identify opportunities to improve your property's revenues, costs, tenants and overall valuation.
Property Management Services
- Tenant Relations:
- Advertising and marketing vacant properties to attract tenants.
- Screening and selecting tenants, which may include conducting background checks and verifying rental history.
- Drafting and enforcing lease agreements.
- Rent Collection:
- Collecting rent from tenants on time.
- Managing late payments and pursuing evictions if necessary.
- Setting rental rates to maximize income while remaining competitive.
- Property Maintenance:
- Regularly inspecting the property for necessary repairs and maintenance.
- Coordinating repairs, renovations, and upgrades as needed.
- Responding to tenant maintenance requests promptly.
- Financial and Bookkeeping Management:
- Maintaining detailed financial records and budgets.
- Handling property expenses, including utilities, taxes, and insurance.
- Preparing monthly or annual financial statements for property owners.
- Tenant Communication:
- Serving as the main point of contact for tenants.
- Addressing tenant inquiries, concerns, and complaints.
- Mediating conflicts between tenants when necessary.
- Legal Compliance:
- Ensuring that the property complies with local, state, and federal housing laws and regulations.
- Keeping up with changes in relevant laws and regulations.
- Initiating legal proceedings, such as evictions, when required.
- Property Inspections:
- Conducting regular property inspections to identify issues and ensure compliance with lease terms.
- Record-Keeping:
- Maintaining organized records of leases, repairs, and financial transactions.
- Keeping track of important property-related documents.
- Tenant Turnover:
- Managing the process of tenant turnover, including cleaning, repairs, and finding new tenants.
- Reporting to Property Owners:
- Providing property owners with regular updates on the property's performance and financial status.
- Making recommendations for improvements or changes to increase property value.
- Risk Management:
- Managing insurance policies and mitigating potential risks to the property.
- Developing and implementing safety protocols.
- Marketing and Promotion:
- Developing marketing strategies to attract and retain tenants.
- Keeping the property well-maintained and attractive to potential renters.
- Security:
- Implementing security measures to protect the property and its tenants.
- Handling emergency situations, such as fires or break-ins.
Property Optimization and Value Creation
- Improving Revenues: Staying on top of market trends is at the core of our expertise. We will help you expand leases and increase revenues.
- Reducing Costs: prudent cost-cutting measures.
- Value Creation: renovation and property improvement planning and execution.
- Innovative financial restructuring and repositioning: We position your asset in a way that will demand the highest possible value. For example, among our many restructuring strategies, even if net income were to remain the same we could significantly increase the value of an asset by changing its perceived use or zoning.
Free Consultation
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