CRRE Properties LLC provides any and all of the following services: financial, administrative, homeowner, physical property, and customized services including websites newsletters, event planning, custom reports, payroll, and litigation/court appearances.
As a landlord for residential and/or commercial property, you have the responsibility to give its tenants the best living experience as possible. We want to share in that responsibility while protecting your asset with our expertise in property management.
Tenant Services
Recommend or hire, manage and evaluate on-site personnel, either directly or through others.
Participate in identifying, developing and/or monitoring staffing requirements, job descriptions, human resource policies, training and development plans, and diversity outreach initiatives.
Recommend or decide which items or services are to be purchased for the property, solicit, negotiate or approve contracts for services; monitor contractor performance; and approve payment of invoices.
Perform routine property inspections and take appropriate action in accordance with established policies and procedures.
Accounting
Establish, monitor and/or maintain the property’s record-keeping system. We use Appfolio, Yardi or QuickBooks Online (Windows or Mac).
Process and/or monitor, or approve, property payables.
Process and/or monitor, or supervise, property collections, including the handling of property receipts and bank deposits.
Prepare, implement, and monitor, annual property budgets.
Determine goals and objectives of the property owner.
Identify and recommend other sources of income for the property and implement programs accordingly.
Prepare a management plan for the property.
Prepare, analyze, and/or approve, the property’s financial and operating statements and variance reports.
Establish or maintain management controls and analyze the property’s performance.
Identify and analyze the property’s financial requirements and financing options, and/or replacement reserve requirements, and recommend funding sources to the owner.
Fulfill the company’s contractual obligations to clients and take direction from clients and appointed officers as assigned.
Marketing and/or Contract Compliance
Develop, implement, and monitor, or assist in developing, implementing, and monitoring a marketing plan and/or leasing plan for the property.
Administer the leasing and lease renewal process and/or negotiate, approve and/or execute leases, including assessing the financial impact of the lease.
Prepare, market, and show leasable space.
Analyze market conditions and recommend or approve the property’s rental rates.
Develop and/or implement a risk management program for the property to mitigate the property’s insurable risk.
Participate in designing, or implementing and/or monitoring life-safety and emergency preparedness programs for the property.
Ensure the property’s compliance with government and environmental regulations.
Recommend and/or initiate legal actions for violations of leases, contracts or governing documents , including but not limited to evictions and filing of liens.
Operations
Establish or assist in maintaining, reviewing, updating, and enforcing the property’s operating policies and procedures and occupancy/usage guidelines.
Identify and/or oversee operation of building systems, supervise employees or monitor contractors who perform routine maintenance and repair work, and/or oversee or monitor planning and construction of tenant improvements, capital improvements, and/or amenity enhancements.
Schedule and monitor, or approve, routine and preventive maintenance programs for the property.
Identify, implement, and monitor, or approve sustainable practices; including but not limited to energy use/conservation programs for the property.
Design, implement or approve tenant retention, orientation, and property familiarization programs.
Communicate routinely with tenants of the property concerning level of service and other management matters and investigate and resolve tenant complaints.
Commercial Real Estate (CRE) Analyst services
We analyze credit data and financial statements of your portfolio to determine the risks involved in owning commercial property. We focus on the following areas to create Proforma Cash Flow Statement and Return and Risk Assessment on your portfolio and/or property:
Proforma Statements areas: purchase, operating, sales, and financing. Here are some of our duties:
- Assembling complex financial models that project the potential financial performance of a real estate asset as well as underwriting risks associated with market demand, supply, net effective rents, expenses, capitalization rates, and tenant quality
- Researching specific real estate markets and assessing market data and trends affecting demand generators, risk presented by new supply, and comparable properties
- Identifying credit issues early in the underwriting process and recommending ways to reduce exposure
- Preparing borrower/guarantor financial reviews as well as writing memorandums focused on a borrower’s and guarantor’s adjusted net worth, leverage, liquidity, and other key risk factors, including cash flows and ability to service debt
- Partnering with Portfolio Managers and Coverage Bankers to structure multi-million dollar transactions
- Reviewing and assisting in the development of loan documents related to the closing of a transaction
- Participating in property tours and site visits to develop a deeper understanding of the viability of the real estate and the related transaction
- Engaging vendors to facilitate ordering and analyzing third-party reports, including appraisals, property condition reports, environmental reports, and construction costing analyses
We development assessments using Financial Modeling in Excel or Power BI to give your the best data to make an informed decision on your portfolio or property.