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Services
We take a simple, hands-on approach to property management that starts with understanding the property owners we serve. It’s a philosophy that is embraced by everyone at Lurie & Associates – from those at the principal and management levels to each member of our support staff. Over the years, we have enjoyed low turnover among our employees. This has allowed us to nurture strong relationships and develop a deep understanding of our clients’ needs. With Lurie & Associates, you can rest assured our associates will know your business, your property and the tenants you serve.
Third-party management is our exclusive business and it demands our full attention. We pride ourselves on expertise in financial accuracy and timely reporting. We understand the resulting cash flows from the properties we manage and ensure that the work we do is tailored to suit each owner’s current and future needs.
Specific management services include:
Preparation of Annual Budget, subject to owners approval
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Negotiation of all vendor and service contracts
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Consistent property visitation
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Weekly property inspections
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Monthly inspection reports
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Monthly financial reports, including any other reports as owner may request
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All reports to loan facilities required under any existing or future loan documents
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Negotiation and supervision of construction contracts
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Negotiation of maintenance and repair contracts as needed
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Administration of all lease requirements to include collection of insurance certificates, gross sales reports, and other requirements where applicable
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Receiving and depositing funds as requested by owner
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Disbursement of funds to vendors as they are due and payable
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Coordination with legal counsel regarding resolution of delinquencies and any other defaults under the terms of the leases
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Coordination with tax consultant to appeal any new assessments including regular progress reports
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Year-end expense reconciliation and invoicing