PROPERTY MANAGEMENT

 

We are a one stop source to all real estate needs including property management. Property management is a key factor in Real Estate. If your investment portfolio is getting too large to handle or you are tired of the constant head aches associated with property management, consider an alternative. As a property owner or investor, market value retention of a property is essential, you must strive to maintain and improve the property on an ongoing basis. Klaus Investments can assist you in achieving that perfect balance of positive cash flow from an income producing property. 

We have the expertise of professional property managers; we provide a reasonable cost, personalized service of the highest quality so as to meet the individual needs of your property. Our services are divided into the following:

Financial:

We act as liaison between the landlord and tenant. Our duties as a property management company include accepting rent, responding to and addressing maintenance issues, advertising vacancies for landlords, and running credit and background checks on tenants.

 

FINANCIAL:

  • Preparation of monthly financial statements

  • Rents Collected and Summary of Arrears

  • Monthly Disbursements

  • Bank Balances

  • Pay all valid accounts incurred

  • Taking advantage of all available discounts

ADMINISTRATIVE:

There are many facets to this profession, including participating in and/or initiating litigation with tenants, contractors and insurance agencies. Special attention is given to Landlord/Tenant law and most commonly evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance are legal subjects that gain the most amount of attention from property managers. Therefore, it is a necessity that a property manager be current with new laws and practices in their given localities, cities and states.

Administrative:

  • Monitoring and enforce annual legal rent increases.

  • Preparation of necessary notices to Tenants.

  • Updating Tenant records on an ongoing basis.

  • Arrange for Insurance, including building, liability, boiler, etc.

  • Respond to concerns and inquiires of Tenants.

Operational

In addition to managing income and expense related activity, we also manage construction, development, repair and maintenance on a property. Property manager relations with Tenants give a face to the Landlord and provide them the necessary buffer servicing their desire to profit and distance themselves from their tenant constituency.

OPERATIONAL:

  • Property Efficiency Analysis

  • Schedule on-site inspections and report any suggestions to the Owner.

  • Supervise repairs and/or maintenance work in the common areas.

  • Hire and supervise on-site staff, superintendent and all contractors, where required.

  • Establish preventive maintenance procedures for common areas.

  • Tender and recommend suitable contractors.

  • Enforce safety precautions.