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What We Do

Services

Summary of Services

  • Responsive Management Team with Focus on Enhancing Asset Performance
  • Comprehensive Monthly Financial Reporting Annual Budget Preparation
  • Review and Planning of Deferred Maintenance
  • Tenant Improvement & Capital Improvement Planning
  • Annual CAM Estimates and Reconciliation Preparation
  • Vendor Bid and Contract Negotiations and Comparisons
  • Routine Property Inspections and Communication to Ownership
  • Team Emphasis on Tenant Relations to Minimize Turnover and Promote Increased Occupancy

Our Approach

Since we invest in real estate ourselves, we understand the importance of having an ownership’s perspective and always looking for ways to add value.

We believe always attempting to approach everything that we do in a proactive manner. In doing so, this allows for proper logistical and fiscal planning.

We pride ourselves in always being responsive with detailed follow-up. We understand the importance of our clients and the clients that they serve.

As fiduciary for the assets we manage, we understand and uphold ourselves to the strictest standards of confidence and know the importance of transparency throughout the entire process.

Comprehensive Solutions, Seamless Execution

One of the key characteristics of quality property management is to have the appropriate preventative maintenance services in place for individual building systems. Acting in this manner lowers the risk of requiring high expense repairs, while extending the life of each system and increasing value.

Conducting routine site walks results in enhanced communication with tenants and contracted vendors, mitigating liabilities, confirmation of lease compliance are among other key aspects.

  • Fostering strong vendor relationships are the cornerstones of success in properly managing and caring for real estate
  • Review and negotiating contracts – we have established relationships with existing vendors as well as experience in locating and/or working with already established vendors
  • We understand the importance of relationships and creating partnerships working towards the same goal and facilitating mutual success for both tenants and landlords
  • Team Emphasis on Tenant Relations to Minimize Turnover and Promote Increased Occupancy
  • Projects large or small require many sets of eyes. While at the client’s discretion to hire project managers, but often important for keeping track of approved change orders, preliminary and finalized schedules, etc. which result in less waste, clear communication with tenants, and efficiencies.
  • Proper oversight of Capital/Tenant Improvement projects results in less waste, clear communication, and overall project efficiency.

Our system and knowledgeable team allow us to properly account and plan for all the various asset management aspects

  • Detailed below are items included in the monthly financial reporting package: 
    • Account Receivable Aging 
    • Balance Sheet 
    • Bank Reconciliation & Statements 
    • Check Register 
    • General Ledger 
    • Income Statement 
    • Receipt Register 
    • Rent Roll  
  • MRI provides industry leading software necessary to accurately manage real estate assets. At the core of MRI’s innumerable functions, this software provides the customizations necessary for individualized financial reporting, tracking of tenants and critical lease dates, insurance expirations, and tenant/vendor payments. 
  • Sample Reports (click here)

Concise, accurate budgeting and reconciling of expenses is necessary to understand the asset’s overall health. There are many aspects to creating the annual property budgets and reconciliations, a few of which include bidding out maintenance, reviewing lease language, and staying in touch with the leasing team. These aspects aid in ensuring the asset is being utilized to its fullest capacity.

  • Upon request, fulfillment of lender reporting compliance can be provided by property management.
  • Insurance tracking is an integral part of managing property. Whether corporate, tenant, or vendor related, it is imperative for management to confirm insurance is in compliance with the management agreement, ownership’s requests, and state requirements.