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Management Plan and OperationsManagement Plan and Operations
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The exact management plan for your specific property will be determined by your financial needs, desires, objectives, and short and long term goals. Other determining factors include the size, age, condition and location of the physical structure, and tenant profile. Once the management plan is in effect, Ernst & Haas Management Co. functions as a professional managing agent by devoting management expertise to:
Marketing
- Advertising
- Internet listings
- Ernst and Haas Website
- Newspaper
- Sign/flyers
- Green sheet
- Rental agencies
- Local Real Estate offices
Application Screening
- Credit Bureaus
- Public record search
- Previous tenancies
- Employment
- Eviction Search
Appearance of Property and Staff
- Training staff to properly prepare,
show and lease property.
- Establishing curb appeal
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Resident relations
- Responding to tenant requests
- Renewing leases
- Minimizing turnover ratio
- Handling delinquencies,
Returned checks and coordinate with eviction attorney
Budget
- Controlling cost of expenditures
- Maximizing income
Property maintenance
- Performing preventative maintenance
- Handling vendor contracts
- Coordinating emergency situations
- Monthly site inspection
Financial Reports
- Creating computerized operating reports
- Statements with receipts to owner of all expenses
- Preparing year end reports
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