warning: the wrong property management company can cost you thousands $$$ of dollars!
There are critical "must-haves" if you are going to retain a property management company. Do you know what they are? Read On! <<Check out Our Blog!>>
- you must have a manager that understands the market you operate in...
- With all of the instability in the current housing market, rising costs, and the challenges associated with handling tenant requests and owner's concerns, it is important that a manager be cognizant of the market that these issues exist within.
- How are you managing capital improvements?
- One of the most frustrating aspects of property management is knowing when and what needs to be incurred in order to maintain compliance, and also keep expenses within a reasonable line. We conduct, or provide for, the periodic inspection of buildings. Those inspections result in our making appropriate recommendations to the owner for repairs, improvements, and energy conservation. When capital expenditures are required, we manage the construction repairs, and as well ensure that there is appropriate modernization to keep pace and compete with other properties on the market.
- Financial accounting is more complicated than some realize
- We handle all aspects of necessary disbursements for expenses related to the property, and deduct the same from collections made for the owner, simplifying the process for the owner.
What does the rental market in Denver look like right now? Do you understand what the market will bear - and, how it impacts your profitability?
-
1. Complete set of accounting books
-
2. Control of checking and savings accounts
-
3. Handling of deposits and receipts
-
4. Preparation of monthly operating statements and financial reports
-
5. Accounts receivable control on a Tenany-by-Tenant basis
-
6. Banking relationships and negotiations
7. File maintenance for accounts payable and accounts receivable
We furnish the property owner with itemized monthly cash flow operating statement of all rents and other income collected, disbursements made, remittances, monies collected, subtraction of disbursements, and subtraction of the management fee. In short, everything necessary to provide an accurate Profit & Loss statement (P&L).
property management is not for the faint of heart... nor for the weak ... it is a challenge!
Our Philosophy is focused on delivering quality performance
The philosophy of Performance Property Management, Inc. (PPM) is to implement a management plan designed to achieve the goals and objectives of your ownership.
In today's market, those goals and objectives are structured around the need for positive cash flow and asset value maximization. This requires experience and savvy.
PPM believes that the Tenant is the key to achieving our mutual goal. Therefore, our loyalty is to the property. Each property represents the unique centerpiece to the dual clients that each property carries. It is the keystone to be a comfortable and quality home for the tenant, while at the same time providing excellent returns to the owner.
important Documents
Property management agreement
Broker Duties Addendum
Lead-Based Paint Agreement
How Do I Choose the Best Property Management Company in Denver? <<CLICK HERE>>
Property Owners Beware!
management Structure
operations Department
The daily management of a property is handled by a qualified Property Manager. The manager works within the owner's guidelines to ensure that the property is given the appropriate and effective care.
Administration Department
Administration services at PPM are automated and flexibility is the key to our computerized accounting programs. Operating statements, budgets, cash flow projections, bank reconciliations, and other financial reports are tailored to meet the requirements of each individual owner. All reports are generated monthly and presented to the owner between the 10th and 15th of each month for the previous month's operations.
objectives & Responsiblities
To operate the property economically to ensure maximum income potential and grow property value for the owner, consistent with the operational guidelines and standards established by the owner.
To relieve the owner of the day-to-day operation and management of the property.
To anticipate operational challenges and management issues and serve as a coordinating liaision between the owner, vendors and contractors.
To maintain the quality and integrity of the building through proper maintenance and overall service to the owner.
Choose the Best Property Manager!