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A property consultant assists Owners in effectively managing income property. In San Francisco, with older buildings and a history of pro-tenant regulation, this requires a strategic finesse far beyond a simple "cash in - cash out" approach. |
Property Administration
Administration should not be confused with management, although the efficient and
conscientious management of income property is a desired
consequence. We are not a
property management firm, although our advice and recommendations come
from years of experience managing apartment
buildings, garden
communities, and home owner's associations.
These services are designed for the Owner who may not be trained as a property manager, but wishes to supervise and care for their property in an informed and responsible manner. Property Specialists can assist a little, or a lot, depending on your particular circumstances, and your level of knowledge.
Management Issues
- develop workable management policy and procedures
- ensure thorough maintenance of management information
- make recommendations on the application and consequences of Rent Board policy and regulations
- provide information on required forms and notifications, and define the responsibilities required by local and state property regulations
- assist Owner in preparing a realistic property budget, including a budget forecast for the coming years
Marketing Issues
- analyze "comparable" rental rates and trends
- recommend appropriate advertising methods and cost return
- conduct a "technology" review and make recommendations
Capital Improvements
- analyze property and establish reserve requirements
- prepare a proposed schedule and cost review for capital improvement
- prepare a long-term budget for capital items
Preventative Maintenance
- development a progressive maintenance program and determine base facility requirements
- develop a work schedule compatible with cash flow
- make cosmetic improvement recommendations
Insurance Issues
- conduct a site inspection and review policy coverage
- determine job costs and indirect costs for potential claims
- manage settlement negotiations with underwriter