Property Management

Overview

Capital Asset Management handles all aspects of property management on behalf of our clients.  Some of our services include:

  • Managing tenants
  • Collecting rents
  • Contracting vendors
  • Paying expenses
  • Property inspections
  • CAM reconciliations
  • Overseeing improvements
  • Appealing property taxes

You only have to go to one place for all of your property needs.   As property managers, we strive to develop strong, mutually beneficial relationships with our clients built on trust and continuous communication and information.

Tenant Relationship Management

The most challenging and often rewarding part of our property management service is managing tenant relationships. At its core, tenant relationship management is about retaining quality tenants you already have and creating a positive environment that attracts new ones, increasing property value.

Its Your Money

It is your property and you control where the money goes. Monthly reports will keep you abreast of all financial activity.  You approve the expenses and monthly distributions are done to put the money where it belongs, your bank account.

Your Budget and Monthly Reporting

Narrative Reporting

Every monthly report includes notes on monthly property activities, collections and variances.  The variance reports that explain how the property is tracking to the budget and, if there is a variance, why it occurred. Expenses outside of the budget must be approved by the property owner first and we use sophisticated systems to track and approve expenses through well-defined workflows.  

  • Variance notes that explain monthly deviations
  • A receivable aging report with comments on collection activities
  • Significant events that occurred at the property that month
  • Monthly inspections and comments on vendor performance
  • Updates on tenant move-ins, TI work, and other property projects      

The Property Budget

The budget is the centerpiece of our work, outlining all contracted and expected expenses over the coming year as well as anticipated income that we will collect. We analyze expenses to make sure they are in line with industry standards and evaluate vendors for their quality of work. Accurate budgets give our clients meaningful information on revenues, services and the bottom line.

Financial Reporting

Our team at Capital Asset Management produces accurate and timely operating budgets and financial reports in formats tailored to specific client requirements. Our standard monthly report includes a  full range of information including but not limited to:

  • Full bookkeeping of receipts, expenses, assets and liabilities 
  • Monthly income statements, balance sheets and property performance reports 
  • Receivable and collections reports
  • Bank reconciliation reports 
  • Monthly statements to tenants
  • Annual CAM reconciliations 
  • Export data to client systems  

Legal Assistance

We save our clients significant legal charges by offering the following optional services:

  • Estoppel Certificates
  • UCC filing research
  • Tax Appeals
  • Legal Collections / Judgments
  • Bankruptcy plan workouts
  • Expert witness testimony
  • Receiverships