CREPM brings and institutional mindset by focusing on maximizing the property potential. We utilize market analysis, risk management and implement best practices incorporating systems and processes. We can perform additional due diligence services for investors prior to acquisition. We associate with a team of experts that includes accounting, legal, engineering, architectural, government grants and incentives along with top tier construction and maintenance crews.
Property types:
- Residential Apartments – 6 units +
- Residential Single to Five Family apartment
- Retail / Mixed Use
- Office buildings
- Condominiums and associations
- Short term rentals
Landlord Services:
- Manage buildings to plan
- Monthly financial reporting/bill payments/owner distributions
- Lease negotiation and administration
- Enforce lease violations
- Process required evictions
- New investment asset identification and due diligence
- Portfolio/building valuation services
Asset Management Services:
- Inspect buildings regularly
- Scheduled preventative maintenance
- Unscheduled priority and emergency maintenance
- Planned building improvements and CAPEX
- 24/7 Emergency answering center
- Established vendor relationship and management
Tenant Services:
- Manage tenants and tenant communication
- Rent collection
- Data-driven rent pricing
- Timely vacancy fill
- In depth tenant screening
- Renew leases
- Update strong form lease
Condo Association Services:
- Inspect buildings regularly and provide advice and consultation as needed
- Monthly financial reporting/bill payments
- Enforce association rule violations
- Collect association dues
- Maintain documents including maintenance standards
- Maintain a list of current owners
- Supervise maintenance and repairs
- Prepare resale certificates and supporting documentation
- Attend board meetings
Additional Services and Expertise:
- Financial Oversight and Analysis
- Proforma profit and loss creation
- Financial modeling and cash flow projection
- Construction budget development and management
- Financial performance reporting
- Income, balance sheet and cash flow statements
- Property Development and Land Development
- Site Selection and Acquisition
- Development Planning and Zoning Compliance
- Construction Management
- Regulatory Compliance
- Project Stabilization
- Customized Consultation
- Tailored Real Estate Investment Strategies
- Property Optimization
- Real Estate Portfolio Management
- Property Valuation and Appraisals
- 24/7 Client Support
Grant Writing Services:
- Identifying Federal, State, and Local Funding Opportunities
- Grant Proposal Development
- Application Submission and Management
- Compliance and Reporting
- Maximizing Grants for Property Development
Connecticut Real Estate Property Management is committed to providing clients with clear and transparent financial reporting. These reports empower property owners and investors to make informed decisions, optimize their real estate assets, and maximize their returns. It’s essential for a property management company to offer such comprehensive reporting to build trust and maintain a successful partnership with its clients.
Financial Reporting Includes:
Monthly
Income (Profit and Loss) Statement
Rent Roll and Vacancy reports
Transaction reports, including invoices and checks copies issued
Annual
- Income (Profit and Loss) Statement
- Balance sheet
- Cash Flow
- Budget vs Actual
Ad Hoc / On Demand
- Income (Profit and Loss) Statement
- Balance sheet
- Cash Flow
- Budget vs Actual
Custom Tailored Reporting (examples include)
- Utility usage
- Security reports
- Market-specific pricing
- Expiring leases
- Cleaning and maintenance reports
- Property comparable reports
- Other customized needs
- Our software allows for landlord on-demand access
Conclusion
By choosing Connecticut Real Estate Property Management, you gain access to a team of professionals with expertise in all aspects of real estate management. Our comprehensive approach, combined with Ted Ferik’s extensive knowledge and hands-on experience, ensures that your property investments are optimized for long-term success.
Whether you’re an investor, developer, property owner or condominium association, we provide you with exceptional property management services from an institutional approach. We align with your goals and objectives, operating in a client-centric approach, aiming to meet your specific needs. CREPM maintains the highest standards of professionalism and compliance.
Contact us today to discuss how Connecticut Real Estate Property Management can help you achieve your real estate investment goals and maximize the potential of your properties.