Asset & Property Management
Durand & Associates Property Management, Inc. is a team of highly trained and skilled professionals dedicated to providing professional asset and property management services for real estate developers, owners and investors in multi-family, and commercial real estate. Its objectives are to maximize operating revenue and to minimize operating expenses, providing the highest value of return on investment for the client.
The firm's asset and property management experience includes over 12,000 residential units and several office and commercial properties at over 100 separate sites. Current real estate assets under management are valued in excess of $120,000,000.
The company excels in returning "problem properties" to profitability. Its record includes examples of dramatic increases in occupancy, reduction of expenses, significant increases in cash flow and substantial market value appreciation in such properties. Close supervision and implementation of long-range management plans have been essential in these accomplishments. The company has also managed several luxury properties, improving them well beyond their status at the time of takeover.
The firm produces long-range management plans including operating and capital budgets for each property in its portfolio. A proven purchasing, maintenance and internal control system monitors all sales, employee management, maintenance and accounting activities. A special system is used to record and monitor energy conservation. Durand's investment clients benefit from a unique blend of experience, stability, enthusiasm and a determination to maximize the profitability of their properties.
The following Asset Management services are offered to clients on a fee basis and include:
- Determination and implementation of management policies.
- The preparation and review of budgets, replacement reserve schedules, economic surveys, cash flow and income or loss projections, and working capital requirements.
- Arranging financing or refinancing of the property and determination of property disposition.
- Supervision of accounting, audits and owner's tax returns.
- Supervision of professionals employed by the owner in connection with the foregoing including project managers, attorneys, accountants and appraisers.
