Management

123 Property Management is one of the top ranking building management firms in the world. Dedicated to servicing its global clientele with properties throughout the world. Serving multi-family, affordable housing, retail and commercial properties, we have earned our reputation as the full service property management company of choice among building owners and investors through our hands-on approach and commitment to excellence. Our dedication is on meeting your objectives from value-add, retrofits and divestitures, refinancing, or long-term cash flow stability. We have tremendous knowledge in repositioning troubled assets into stable cash-flow producing properties!
123 Management provides a variety of management services from property management to REO asset management specifically targeted for financial institutions and loan servicing companies.

Property Management

123 provides REO asset management services. Our account executives have the expertise to protect and improve assets with knowledge in budgeting capital improvements to increasing revenue to preserve the value of the asset. These services include weekly or monthly financial reporting, budget variance analysis, routine maintenance, collections, tenant evictions, violation removals, and building registration.

In Property Management we will assist you in following aspects :
•    Monthly billing and rent collections.
•    Review and payment of bills.
•    Review and payment of bills.
•    Fidelity insured.
•    In-house apartment rentals & commercial leasing.
•    Lease renewals, negotiations and escalations.
•    Supervision of building employees and daily building maintenance.
•    Generation of detailed monthly financial reports.
•    Review and maintenance of all building files and information.
•    Initiation of legal actions and appearance in landlord-tenant court.
•    Obtain contractor bids and supervision of all renovations.
•    Monitor tenant compliance with lease terms.
•    Negotiate and obtain all building contracts.
•    Prepare and update all reporting requirements.
•    Weekly building inspections.
•    Preparation of monthly preventative maintenance report.
•    Execute violation dismissals.
•    Negotiation of competitive pricing and volume discounts with vendors.
•    Attendance at monthly and annual arranged meetings.
•    Conduct correct assessment of following property documets:
       - Building permits.
       - Registrations.
       - Licenses.
•    Collaborate with Insurance Broker to ensure proper coverage.
•    Assist lawyer in the application and processing of Tax Certiorari.

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