Asset Management

Asset Management

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