INCREASING ASSET VALUE FOR OUR CLIENTS
Our innovative and rigorous commercial property management strategies help real estate owners reduce their operating costs and enhance property values—all while maintaining a superior work environment for tenants.
In addition to traditional property management services, Friedman also provides many higher-level property and asset management services that are designed to enhance the performance and value of our clients’ real estate holdings. These services include such things as debt analysis, cost reduction analysis relating to real estate taxes, insurance utilities, energy management, contract and lease administration and strategic portfolio reviews.
Friedman provides top quality physical property and asset management and prides itself on timely, consistent and comprehensive communication with both clients and tenants in the following ways:
Property Review and Inventory
A complete review of the property will be performed, including an evaluation of the property’s physical condition and appearance, in order to provide you with a checklist of recommendations that may enhance the appearance and value of your asset.
Service Contract Management
We ensure that contractors perform both effectively and economically. We service contracts that ensure the fees charged and services provided fulfill the requirements of the property. We leverage our size and our long-standing relationships to obtain the best prices from our vendors and suppliers. All vendors use our standardized vendor contracts, which have been specifically tailored to protect the client as much as possible.
In addition to our regularly scheduled maintenance, we provide a dedicated, 24-hour service department for all non-scheduled maintenance items, including HVAC, electrical and plumbing repairs. After our service coordinator receives a request, the service is scheduled, the tenant is contacted with the time and date of service, and a follow up call is made to confirm that the appropriate action was taken and the problem rectified. We work closely with our client to make sure that you are kept apprised of all maintenance issues on a timely basis.
Tenant relations drive our approach to management. Our property managers meet regularly with our tenants, at least once every ninety days. Our goal is to obtain feedback on our performance and to determine how we may better serve our tenants’ changing interests. This helps us maintain our 95% tenant retention ratio. In addition to traditional property management services, Friedman also provides many higher-level asset management services that are designed to enhance the performance and value our clients’ real estate holdings.
To learn more about how Friedman can provide property and asset management services to your asset, call us today at 248.324.2030. To get a better idea of our experience range, view our online portfolio.