2011
מדבר עברית
PREPARED BY: JASON EKUS VOLUME REAL ESTATE
MISSION RIDGE VILLAGE PROPERTY MANAGEMENT PROPOSAL
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Scope of Services VOLUME REAL ESTATE’s property management service prides itself on managing properties under our stewardship so efficiently that our clients repeatedly experience an increase in property portfolio profitability that subsidizes the cost of our services. Our goal as property managers is to manage our client’s properties to the extent that their only involvement with their property is to receive a rental revenue check and a monthly income statement each month. Unlike most property management firms, we charge no mark up on services charged by the vendors that service any asset under our management. Our customers are also able to take advantage of discounted pricing afforded to us as a volume buyer of property related services. Our premium property management services include:
Tenant Customer Service and Issue Resolution Leasing Units and Processing Evictions Property Maintenance and Improvements Bill Payment, Bookkeeping and Financial Reporting Tenant Customer Service and Issue Resolution
There is a strong relationship between rental property profitability and the retention of responsible tenants. We minimize tenant turnover and its resulting leasing and vacancy expense by developing strong landlord tenant relationships based on expeditious response to tenant concerns and cheerful customer service.
Leasing Units and Processing Evictions Our management fee is based on rental revenue actually received (not gross rent roll) so, we have a personal incentive to make sure your units are always rented at the highest rent the market will bear and that rent collection is aggressively pursued. We periodically conduct rental market analysis to ensure your units are always rented at or above market. We operate on a strict policy that rent is due on the 1st and eviction notices go out on the 5th of the month. This policy actually minimizes the necessity to carry the eviction process to its conclusion as tenants tend to prioritize the payment of their rent over other financial obligations once they understand how strictly we enforce our delinquent rent policies. When it is necessary to completely follow through on an eviction action, we manage every step of the process, including hiring a lawyer to represent our clients in court. We take all necessary steps to ensure whenever a tenant is leaving due to either lease expiration or eviction that the unit is aggressively advertised to minimize lost revenue due to vacancy. 10220 W. CHARLESTON BLVD. #3 LAS VEGAS NEVADA 89135 (702) 853-2400 OFFICE / www.VolumeREO.com/ (702) 853-2498 FAX
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MISSION RIDGE VILLAGE PROPERTY MANAGEMENT PROPOSAL
Bill Payment, Bookkeeping and Financial Reporting VOLUME REAL ESTATE’s state-of-the-art accounting and management software allows us to be able to control costs and provide quality service; which keeps our operating expenses low. At no extra cost, we will manage the paying of bills related to clients’ properties out of their rental revenue and provide our clients a monthly income statement detailing their properties’ performance for the month. These reports, along with profit checks, are sent out by the 5th day of each month, reflecting all previous month’s activities regarding the property on a cash basis. We scrutinize bills for accuracy and handle the resolution of billing discrepancies. We also do an annual expense audit for our clients and look for ways to minimize expenses and where appropriate put services out for competitive bid. Our books are professionally kept and at year’s end we deliver a financial statement for the year to our clients’ tax filing needs.
Property Maintenance and Improvements We hire independent contractors to perform all necessary property maintenance and make recommendations to clients on making improvements to the properties when we feel doing so will enable them to raise their rents and increase the return on their investment. In addition, we provide several independent bids so you can be assured your money is being used appropriately.
Property Management Fees Our fees are based on a percentage of gross rent collected each month. Basing our fees on rent collected ensures you do not have to pay a fee based on rent that is not received as you might with other property management companies.
Property Management VOLUME REAL ESTATE maintains a permanent management team that manages the properties that are held in our portfolio. Moreover, by managing the day-to-day operations, we negotiate the most favorable sales and purchase prices on every facet of the asset. Therefore, we are able to better control the costs and quality of the properties we manage.
10220 W. CHARLESTON BLVD. #3 LAS VEGAS NEVADA 89135 (702) 853-2400 OFFICE / www.VolumeREO.com/ (702) 853-2498 FAX
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MISSION RIDGE VILLAGE PROPERTY MANAGEMENT PROPOSAL
Portfolio Sales VOLUME REAL ESTATE is America’s Most Successful Real Estate Brokerage and through our network of investors we can procure the highest value for our principals when the time comes to sell.
Summary of Services
Property Management Fee Bookkeeping Marketing & Advertising Monthly Statements Quarterly Statements Year End Statements Rent Billing & Collections Application Credit Screening Tenant Calls & Follow Up
5% of Gross Rents Included Included Included Included Included Included Included Included
Included Accounts Payable HOA, Insurance, Property Taxes, etc. Included Property Inspections Included Overseeing Project Expenses Included Document Storage Included Delinquency Monitoring Included Negotiate Leases Included Security Deposit Trust Accounts Included Emergency Calls
Thank you for considering VOLUME REAL ESTATE! If you have any questions please feel free to contact us at your convenience.
Regards,
Jason Jason Ekus Broker / Owner
www.VolumeRE.com
VOLUME REAL ESTATE PROPERTY MANAGEMENT DIVISION
America's Most Successful Real Estate Company.
10220 W. CHARLESTON BLVD. #3 LAS VEGAS NEVADA 89135 (702) 853-2400 OFFICE / www.VolumeREO.com/ (702) 853-2498 FAX
MISSION RIDGE VILLAGE PROPERTY MANAGEMENT PROPOSAL
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Unit Data - 30 Units UNIT MIX AND CURRENT RENTS QTY 0
One Bedroom 0 0
QTY 30
Two Bedroom 876 sq. ft. $700 - $775
QTY 0
Three Bedrooms 0 0
FEES Cleaning Fees (Non-Refundable) 2x2 $150
Security Deposit 50% of Market Rent (Waived O.A.C.) On Approved Credit
TENANT UTILITIES
Pet Fee (Non-Refundable) $300 Per Pet (2 Pet Max, 25lbs. limit)
TENANT UTILITIES
INCLUDED Landscape H2O Sewer Trash
Application Per App $75.00
UNIT UPDATES
** NOT INCLUDED ** Electric Cable T.V.
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Remodel Complete
RENTER’S INSURANCE
All residents are required to have renter’s Insurance. Will provide Renters Legal Liability Insurance for $45.00/month
ONSITE STAFF 1. N/A 3. N/A
2. N/A 4. N/A
ADDITIONAL DETAILS
No construction defect RMI Management Company 256 Total Units
10220 W. CHARLESTON BLVD. #3 LAS VEGAS NEVADA 89135 (702) 853-2400 OFFICE / www.VolumeREO.com/ (702) 853-2498 FAX