In today’s environment, Asset Management will generally apply to a portfolio of commercial real estate properties accumulated through foreclosure activities.  Its focus is to take a holistic approach on each property to discover its highest and best potential within the constraints of the lenders requirements (time, investment, etc). 

• Each property is carefully reviewed in light of its physical, income, operational and financial status to determine a range of values for different scenarios.
   

• Each property will have an Asset Management Disposition Plan (AMDP) prepared in writing which, once approved, serves as the guiding document for management and disposition activities.  An AMDP is a detailed and comprehensive property investigation and plan targeted toward the sale of the asset and all management, brokerage, and analytical efforts necessary to reach that desired result.
   

• All assets are then managed or supervised in accordance with the AMDP and reported monthly (individually and/or as a portfolio) until disposition of the asset(s) is complete.

Professional Property Services has completed hundreds of sale and lease transactions. Whether is office, retail, warehouse, land, investment, or multifamily our experience will make the transaction easy and successful. We have all the legal forms and "know how" to see that you get what you bargained for.

We provide comprehensive management services designed to relieve the owner of daily management services related to rent collections, property supervision, expense payments and comprehensive monthly and annual reporting activities.

Professional Property Services provides a superior level of professional property management acquired from years of experience while relieving the owner from the frustrations, irritations, and responsibility of managing their properties.  Real estate, like any business, requires a certain knowledge base to effectively and profitably run a business.  Whether it’s dealing with marketing or leasing issuers, tenant issues, property issues, or contractor issues; having experience in dealing with these matters can save the owner thousands of dollars in repairs, legal, occupancy, and rent collection losses.

• Prepare Annual Budgets
• ASTM Base Line Property Inspections
• Complete bi-annual marketing audits
• Collect Rents
• Rent Default Activities & Notices
• Prepare rental space for showing (unit “make-ready” work)
• Tenant relations

• Lease management
• Lease Abstracts
• Handle work order requests
• Supervise all property maintenance and repairs
• Verify all expenses and pay all bills
• Competitively bid contractor work
• Contractor relations

Accounting:  At Professional Property Services we take care of all the accounting.  We will account for all income, expenses and handle all payments.  At the end of each month and at the end the year, we provide you with an accurate and detailed report for your accountant to use along with all your non-real estate reporting requirements.  What could be easier than that!!!

Reporting:  At Professional Property Services we believe the property owners are most satisfied when they know how their properties are performing.  We provide a transparent reporting policy whereby the owner gets a formal report each month which includes:

• Cover letter
• Property Narrative (Tenant & Property Review)
• Balance Sheet Statement
• Monthly & Year-to-Date Profit and Loss Statement
• Bank Reconciliation

• Tenant Report
• Expense Report
• Copies of all paid invoices
• Over 100 reports available

Professional Property Services, Inc. (PPS) provides advisory services for individuals with real estate portfolios and institutional investors. As CCIM and CPM candidates we have gone through rigorous training and testing as well as fulfilled experience requirements to earn these prestigious designations. I have worked with and for lending institutions, pension funds, and large investors whose portfolios required strategic management and financial analysis to meet their specific investment goals. Whether it is management, cash flow, diversification, development, allocation, or divestiture strategies PPS has the tools and know how to get the job done.