Property Management

Why is it that some properties perform better than others?

One reason is effective "hands-on" property management.  We manage our client's properties with the same intensity and pride as if we owned them.

Tenant's no longer view leased space exclusively as a commodity.  A building's amenities and services are major factors for tenants looking to move their operations.   A keen awareness of this trend helps us to better understand and respond to the needs of tenants.

Our continuous effort to apply new technology to property management has also helped us retain tenants.  Many tasks and operations have been automated so that there is more time to spend with the tenants.

The computerization process has helped make it possible for us to more promptly and accurately report to our clients the properties monthly, quarterly, and annual operating results.

The annual business plan is another tool we use to improve the bottom line and create value.  We start each year with a new plan that is designed to maximize the income potential of the property.

We include an 11-year cash flow forecast which helps us to monitor long-term value creation. It also helps us to determine the impact that the current plan will have on the asset's value.

Highlights of the plan include:

• Controlling expenses
• Effective preventive maintenance.
• Strategic capital improvements aimed at increasing value.
• A leasing strategy to retain existing tenants and selectively target new prospects.
• Environmental and energy programs that keep the building efficient and clean.
• Strict accounts receivable policies.
• Monthly revisions to closely monitor cash levels

The ultimate objective of the annual business plan is to increase the value of the asset.  Using a team approach to management, we are driven and always strive to meet these objectives.

All of our reports are designed to give the owner critical, in-depth information on a timely basis.  Our systems are designed for maximum flexibility and can be adapted to any property or portfolio of properties.

There is little margin for error in today's real estate business.  Unfavorable results and potentially disastrous situations can occur unless every decision is on the mark.  In achieving success, we combine expertise with flexibility to find new methods for solving problems.

An overly cautious approach is also not practical because it takes away from the primary goal of creating value.  The formula we use for this is sound decision making with vision and creativity.

Becker Real Estate Services, Inc. specializes in the leasing and management of commercial and residential property.  We have expanded to include appraisal and feasibility studies;  leasing and brokerage;  and construction management.

The goals are to provide quality, personalized service, and profitable results to our clientele.  In doing so, we constantly strive for the highest level of professional and ethical standards.

The main focus in all of our work is to improve the bottom line of our client's investments.  We do this in two ways:

• Saving money by controlling expenses.
• Creating new revenue sources

While this is a simplification of the total process, following this basic approach has helped us to achieve success even in the most difficult situations.  We have found on a consistent basis that our bottom line improves when our client's bottom line improve.