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Commercial Property Management Services

Management Services:

Our commercial portfolio is comprised of retail, office and industrial properties. Unlike residential property, commercial properties typically operate under long term leases. Astute negotiations are required to ensure that a lease signed today will still make economic sense two, three or even five years down the road. We know the market, we anticipate the trends, and we act decisively.

Omega Realty & Associates, Inc. provides a full range of property management services that typically include:

  • Leasing and marketing
  • Space planning and construction
  • Financial Management
    1. • Rent collection
      • Financial performance reporting
      • Bill Paying
  • Facility maintenance

Financial Management Services:

Collection of rents: Omega Realty & Associates collects all of the rents from your tenants. On the 10th of the month, we review the payment status of all tenants and send a letter to any tenants that are delinquent. On the 20th of the month, a second letter is sent giving the tenant a deadline to pay. By the end of the month, we will discuss options with you on whether we should use legal means to obtain restitution of the premises or to encourage payment.

Financial Performance Reporting: Omega Realty & Associates provides full accounting services for your property with experienced staff that correctly account for all funds and maintain complete and accurate records. All funds are deposited into a Federally insured financial institution trust account.

Reports you will receive: We will send you a monthly detailed report. This report shows all rents received and expenses paid for the prior month. With it, you will receive a transaction register so that you will be able to further track income and expenses as well as rent roll.

Bill Paying: We will make all monthly payments on the property that you would like us to make - from mortgage payments to custodial maintenance.


 

 

   

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