“Effective Apartment Building Management is essential to the success of a Real Estate Investment”.
Our goal at Real Estate Management Advisors, LLC, is to provide the properties we manage, the greatest possible Net Operating Income (N.O.I.) which has a direct effect on the value of a Real Estate Investment.
Below is a list of the full-range of services that Real Estate Management Advisors
offers for Apartment Building Management:
Tenant Showings, Screening & Placement – Our experienced team will advertise units in as many as 25 different places; including newspapers, internet rental sources, referral programs, government programs, and other proprietary media. Our screening process includes full background, credit, criminal, eviction & income to expense ratio checks. Tenant approval depends on a point system determined by REMA (All screenings are compliant with Fair Housing laws.) We conduct lease signings to educate tenants on the lease terms, collection procedures, home systems, emergency procedures, and other elements related to the lease. We will determine rents based on current market value.
Rent Collections – Collection of monthly rents from tenants are payable to Real Estate Management Advisors, and tenants are provided with a written receipt for cash payments. Owners can access any rent delinquencies with REMA’s web-based management system.
Accounting – REMA maintains detailed and accurate records of all receipts and expenditures for each unit. These records are available for review by the Owner or his representatives at any time. We are also responsible for the day-to-day accounting and banking for each client.
Reporting – To access information about your apartment building management, REMA has online reporting available to all clients. A detailed, itemized statement of all property rent collected and expense receipts incurred during the month are sent to Owners on or before the fifteenth day of each month.
Maintenance – Our primary maintenance goal is to reduce overall maintenance costs, complete repairs in a more cost-effective way, and ensure that a tenant is billed for any damages which they incur. We will adhere to maintenance limits set by the Owner during ordinary monthly maintenance. In the event of an emergency, we supply 24-hour emergency maintenance services to protect the property.
Maintenance Inspections – At the Owner’s request, we will offer monthly or quarterly inspections to ensure the well-being of properties. We will dispatch maintenance personnel throughout the property and note any repair issues, missing smoke detectors, plumbing and/or mechanical issues. If any issues are found, we will remedy them (if within the predetermined limits) or notify the Owner or tenant if they are deemed responsible for such repairs.
Record Management and Backup – It is our goal to keep systems paperless. All records are stored electronically with off-site backup to ensure compliance and safeguards against data loss. Records are made available upon request at any time.
It’s our focus on excellence, leadership, professionalism, and quality that we believe sets us apart as the premier Apartment Building Management Services in the Philadelphia area. If you would like more information about Real Estate Management Advisors, LLC and our apartment building management please feel free to contact us.