Studio 1112 Housing Concepts Asset Management services are comprehensive and assure that your portfolio of property is being managed in the most efficient and financially effective manner possible. Our asset management team is prepared to analyze your property and provide the services that enhance the overall value of your portfolio. Our asset management services include but are not limited to the following:
Measuring Property Performance
Property is meeting its financial objectives
Measuring and maintaining occupancy standards
Spatial utilization designed to generate maximum value
Insure that managers are responding appropriately to under-performing assets and/or staff
Insure that property is in compliance with applicable city and state laws and regulations
Improving Resident Satisfaction
Portfolio Administration
Supervision, oversight and administration of the portfolio and its managers
Keeping managers accountable and implementing policies and procedures for maximum performance and transparency
Portfolio is performing at or above expectations set forth in agreements, annual budgets and business plans.
Bring under-performing properties up to expectations and keep strong performing assets on track
Recommend and implement operational efficiencies and financial results
Financial Management Services
Accounts Receivable and Accounts Payable Tracking System
Billings for Common Area Charges, Taxes, Insurance and Other Related Charges
Provide Monthly Detailed Management Reports
Secure Bids for insurance or Other Financial Services
Prepare Required 1099’s for Year-End Accounting
File All Personal Property Reports and Other Related Reports
Invoice Tenants for Rent Increase, Tax Reconciliations and CAM Reconciliations
Waivers of Liens from Contractors
Track Certificates of Insurance for Tenant’s and Contractors