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We take the concerns out of
owning investment property
SERVICES WE PROVIDE
Innovative Property Management, LLC is a full service property
management company. We specialize in the management and leasing of
both residential and commercial property.
Our services
are designed to free property owners from tasks and responsibilities
beyond their desired level of involvement. The retention of
existing tenants, aggressive marketing, and challenging vendors to
provide superior s ervice
at competitive rates are the major keys to improving our
effectiveness and the bottom line for our owners.
Our services are
designed to take care of the everyday needs of your property. This
gives you the adequate time to govern the affairs of your individual
properties, make decisions, and then allow us to take care of all
the work for you. After all, your time is valuable, and it is our
desire to assist you as much as possible and keep the affairs of
your property running smoothly.
CLIENT DRIVEN ORGANIZATION
Innovative Property Management has developed its services to insure
the satisfaction of our clients. All suggestions and comments are
welcomed and considered for refinement and possible implementation.
We pride ourselves in our ability to provide custom professional
property management services to match the particular needs of your
property while facilitating and maintaining the communication link
between the management company and the tenant.
 RENTAL/LEASING
SERVICES
Innovative Property Management undertakes all renting of client’s
properties at a reduced cost. We advertise using local newspapers,
internet, and our website. Our database is updated regularly. We
also offer third party and/or one time rental service. If your
tenant is looking to rent a house, condo, apartment, duplex…call our
expert property managers to see what we have available.
LEASE PAYMENT COLLECTION
Monthly lease payment collection includes verification of payment,
follow-up on any delinquencies and working with attorneys on the
eviction of tenants as needed. Prompt lease payments are expected
and monitored closely. All lease payments are independently
confirmed and reconciled monthly by Innovative Property Management
employees to ensure that all potential income is properly accounted
for.
GENERAL FINANCIAL CONTROLS
Innovative Property Management uses extensive financial control
systems to safeguard the funds of each client and provides complete
and accurate accounting systems. All books and records are
available for auditing any time during the year by professional
auditing firms or by you, the property owner.
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A complete and separate bank
account and set of books are maintained for each
property in accordance with state approved accounting principles.
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Each bank account is reconciled
monthly and statements are provided to the owner
for review.
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Multi-tiered process of
expenditure approval is monitored and approved as desired by each
owner
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Separation of authority to
disperse funds - no single individual has both the ability to
process and approve expenditures.
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Excellent audit trails and
record-keeping to meet the needs of all clients.
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Complete financial statements
and detailed expense registers.
OPERATING BUDGETS
Operating budgets are prepared annually, at your request, in order
to forecast the operating performance and cash flow, plan for any
major maintenance expenditures and provide a month-by-month
operating plan for the ensuing fiscal year. Any significant
variances from this operating budget are reported and explained to
the owner as part of our regular monthly financial reports.
MAINTENANCE
The goal of our professional property management team is to maximize
the long-term return on investment from each property. In our
experience, expenses incurred in maintaining property in superior
condition are more than compensated for by higher property values.
Each property is different, however, and determining that level of
maintenance which is appropriate must be done on an individual basis
and approved by you, the owner.
To maximize service
standards and response time, Innovative Property Management retains
an in-house maintenance department that is readily available to
resolve minor maintenance and repair issues, assist with bid
solicitation, and supervise third party vendors while on the
property.
We are capable of handling all repairs, maintenance and emergencies
as needed due to our complete staff. We can handle upgrades and
renovations as well.
Because of the
volume and constant business that we are able to provide to our
vendors, Innovative Property Management is able to obtain
substantial discounts on services provided for each property.
However, many property owners have good qualified vendors or
contractors that perform quality services. We are happy to continue
utilizing those services as desired by the property owner.
MAINTENANCE SERVICES INCLUDED
- Provide
on-site inspections as needed or requested by the owner.
- Maintain the
interior and exterior of the property
- Receive
process and follow up on all concerns, complaints, questions,
and/or maintenance problems received and facilitate repairs.
- Obtain
competitive bids for contracted services for the best price
possible.
- Provide
24-hour answering service for emergencies after hours.
- Coordinate
and follow up on all insurance claims and work with adjuster and
repair persons.
- Coordinate
with local towing companies for the removal of vehicles in
violation.
- Supervise
grounds and maintenance upkeep.
MAINTENANCE FEES
Innovative Property Management does not charge a service call fee.
Instead, we have set hourly rates and our clients enjoy considerable
repair/expense savings as a result. Our phones are answered 24
hours a day for maintenance emergencies.
Major maintenance and renovation programs such as
asphalt work, exterior painting, roofing, exterior remodeling, and
landscape renovations are typically coordinated by Innovative
Property Management in conjunction with the owner. Such projects
are initiated only after discussion and approvals are given.
Contracts are awarded on the basis of multiple competitive bids and
administered under the direct supervision of Innovative Property
Management and the owner.
If it is property management services
you are seeking, please contact us so we can provide you with all
the information necessary to help you choose a competent management
professional.
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