Property Management
Colony Development Partners offers full-service property management through The Confident Client Solution. Our clients benefit from our comprehensive management program and our ability to customize our services to ensure each client achieves their income and value objectives.
The Income Maximizer
Lease Administration
Benefit: Increased profitability
• Ensure competitive lease terms and income maximization by handling lease renewals and lease amendments and provide advanced coordination with our leasing team
• Maintain timely and accurate lease records
• Diligent collections of rent and other income
• Invoicing of rent and any other required charges
The Management Formula
Property Management Services
Benefit: Protection of asset, competitive pricing for services
• Achieve best pricing through Request for Proposal (RFP) process for third party contracts
• Diligent site inspections to check maintenance issues
• Monitor vendor performance making sure third party service providers are performing services as required
• Annual budgeting and long-term forecasting
• Maintain insurance compliance with third party providers
The Tenant Retention Plan
Customer/Tenant Services
Benefit: Personal attention for tenants
• Ensure high tenant satisfaction with frequent face-to-face contact during site visits
• In-house customer service work order system monitored by our staff
• Newsletters, tenant appreciation activities, tenant surveys
• 24/7 emergency support
• Close coordination with tenants during upfit and move-in process
The Reporting Method
Reporting
Benefit: Informative, accurate, customized reports
• Customized reports to meet each client's needs
• Provide the client with quarterly or monthly reports, year-end reports, and annual budgets
• Ability to post reports on our web site, send electronically or send via mail
• Complete routine lender reporting for loan compliance
The Maintenance Advantage
In-House Maintenance Services
Benefit: Quick response times, cost-effective, reliable, experienced
• In-house maintenance staff with expertise across multiple trades, including licensed HVAC
technicians and a licensed electrician
• Company-owned vans, trucks and equipment
• Provide efficient, cost effective, safe and reliable maintenance to our clients and tenants with prompt response times
• Facility Coordinator receives and responds to tenant service requests and coordinates scheduling with our maintenance team and third party providers
The Project Navigator
Project Management
Benefit: Single point-of-contact for owners and tenants
• Oversee capital projects from design through construction to ensure quality performance and budget compliance
• Provide client a single point-of-contact with ability to monitor project for owners and tenants
• Add value to asset by ensuring finishes and workmanship meet the highest standards
• Capital improvement assessment, budgeting, pricing, and coordination of work
• Annual assessments of market value and financing with long term goal to maximize asset value and owner returns
The Accounting Practice
In-House Accounting
Benefit: Accuracy, consistency
• In-house CPAs and property accountants process bills and rents, compile year-end tax packages, prepare monthly statements, cash flows and distributions, liaison with lenders, and maintain record keeping and document storage