Full Service Property Management
March 4, 2021
Buy it right, manage it right, sell it right.
Purchasing the property:
LRS will help you identify a property, inspect the asset, and help you with your due diligence. We can help you determine if this property is not only a good investment, but is it the right kind of property for your portfolio. We can help you determine current and future values and expenses needed to create value. We will work tirelessly to determine the rental values, and what improvements are needed to create additional income. We will get you bids from reliable professional long term vendors to help you achieve your goals. LRS will help you determine the current value through inspections, knowledge of both the sales and leasing markets.
Management:
LRS will collect all rents, lease all properties, pay all bills, inspect the exterior of the property, do thorough interior inspections each year, take pictures at inspections, provide repair suggestions and bids. You will receive a monthly operating statement, a dedicated and licensed Property Supervisor, Portfolio Manager, and a maintenance contact person. The LRS property management team meets each week to discuss all issues, from leasing to maintenance, and potential problems.
LRS ownership “chairs” these meetings with personnel involvement in most issues. We work daily keeping up with the latest Covid related obligations of ownership as well as the residents that live at the properties. You can rest easy knowing that our 24 hour emergency service is second to none. Since 1988 LRS has been creating value in any market. Rents will vary, especially in trying times. Our marketing team, with our attention to detail and with over 40
years experience, will help guide you through these “special times.” The creativity and knowledge of what we call the “real market,” will establish more money in your account, and the equity that is needed to sell the property.
Selling the asset:
LRS will help you to determine the value of the property through inspections, comps, and experience. We often hear, “What do I need to do to get the highest possible return on my home, apartment building, commercial property?” We will work with your team to achieve this. Our property managers will do the inspections, establish value, and place your real estate investment in the best possible situation to reach your goals. LRS can represent you in the transaction or work with your agent in any capacity you feel will help achieve the maximum outcome.
Final point:
As with most economic ventures in life timing is everything, and the decades of experience has taught us to constantly move forward, but only if the time is right.
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We live in a fast moving and changing world. LRS has been in the property management, and sales business since 1988. What was once, is no longer, and what is today will soon change by tomorrow. Between the pandemic and our changing values with regard to many cultural issues we seek to find our balance. As society changes, and all businesses try to conform to existing "norms" property managers and real estate agents must do as well.
Over the past 4 decades the property management has changed in so many ways, from rent control, evictions, tenants rights, the definition of quality, and hiring and using vendors. 40 years ago you had "your handyman...
The price of real estate continues to increase, the prices for both single family homes and multifamily have skyrocketed. Rents are at an all time high, as we slowly recover from the Pandemic. Prices for real estate have increased throughout the United States and the world.
