http://www.dermodyproperties.com/asset_management/services/ Mon, 06 Sep 2010 20:50:30 +0100 WebGen + FeedCreator 1.7.2-ppt Fri, 19 Jun 2009 15:45:49 +0100 http://www.dermodyproperties.com/asset_management/services/ ServicesFINANCE & ACCOUNTINGCapital & Operating BudgetsAccounting is an essential process that provides a good tool for estimating an asset's value. We strive to maximize cash flow today and value for tomorrow. Financial planning is central to this mission.  The budget documents the property's anticipated revenue and expenses and resulting net operating income (NOI). As NOI drives market value, it is very important for us to closely monitor the property's performance compared to budget on a monthly basis. These financial documents are integral in the appraisal process, securing financing, refinancing and selling an asset. BudgetingThe budget is one of the most important tools available to property owners and managers. It is a primary focus of communication with the Owner and serves as a basis for evaluating the property's performance. Lease AdministrationLease administration is a comprehensive management function that is set in motion when a tenant executes a lease and concludes only when the lease expires or terminates and all contractual obligations are satisfied.EXPENSE ADMINSTRATIONExpense Control and ReductionWith DP's experience of almost 50 years we know that an approved budget is the best tool for administering the routine expenses of the property.  DP competitively bids vendor contracts and has a combined benchmark of expenses for 50 M square feet to ensure we are getting the most value for the service.  These expenses are administered through a contract called a Service Agreement.  Proactive Maintenance & OperationAlong with a strong management and financial plan, DP uses a proactive approach by developing and implementing a Preventative Maintenance & Operations Plan that serves both the short and long term objectives of the property.  This approach contributes significantly to maintaining the value of the asset. Capital ImprovementsAs an owner and a developer, our experience provides us the tools to develop a capital improvement plan that prioritizes and analyzes which capital improvements are going to provide value to the asset while being responsive to the needs and demands of the tenant, while keeping with the long and short range goals of the Owner.Monthly Financial Statements & Management ReportsDP is committed to investing and maintaining a state-of-the-art information system.  DP is flexible and capable to report on software that is proprietary to a client. Our team is fully trained and utilizes the following property management software systems: Timberline, CTI, MRI, and YARDI.It is our objective to provide the highest quality information to our clients in a timely manner.  DP as an owner understands that providing reporting and financial operating results, on a timely and accurate basis is a vital element of being effective in property management. TENANT RETENTION PROGRAMSOver the last 50 years, DP has developed a successful equation for retaining tenants this is evidenced by it s 90% tenant retention.  We realized long ago that obtaining and keeping tenants was the key to financial success of all investment real estate assets. It requires our team to recognize tenants as their primary customer and demonstrate an outstanding customer service ethic in the delivery of all property management services.Tenant Improvement AdministrationDP frequently manages the construction of tenant improvements on behalf of our clients. Not only does this protect the owner's interests, it also increases long-term tenant satisfaction.  However, tenants may also choose to manage their own construction. DP still plays in active role this process to ensure that the scope of work meets with the owner's approval along with the compliance of the lease.  EXPERIENCE, KNOWLEDGE & RESOURCESRegional ResourcesDP has five regional offices across the United States that provide a breadth of experience when it comes to understanding the local economic and business environments. These offices are staffed with entrepreneurial individuals who not only think like owners but are customer-centric. Management of Distressed PropertiesDP offers its services to fill the needs of lenders and banks when a commercial real estate asset is in the foreclosure or bankruptcy process. Across our regions, DP has the resources and the experience required to manage commercial property while in receivership or whether it is real estate owned or under the control of a bankruptcy trustee. Risk ManagementProperty and liability insurance protects the owner from financial loss. Because of the magnitude of potential losses and their effect on the financial viability of an investment, DP pays special attention to the placing of insurance coverage. We work either with major agencies and carriers from whom we get volume pricing, or with your own risk managers to insure thorough and timely acquisition and administration of insurance policies. Fri, 19 Jun 2009 15:45:49 +0100 en_365_304_0