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Property Management

Property Owners
Today’s property owner faces the continuous challenge of meeting new requirements and responsibilities in managing their valuable investment profitability.
South Bay Associates ( SBA) can provide the expert management your property deserves. As experienced professionals, we can ensure you the maximum net return from your property, based on its highest and best use.

Services Offered by South Bay Associates
Here at SBA we provide monthly services for our owners to receive thorough and competent service. Listed below are some of the management services SBA provides:
Financial Responsibilities
• Monitor all income and debit activity from your account, explaining amount received; explanation of debit and income and maintain a monthly running balance.
• Create and maintain a computerized summary of your account, displaying incomes and expenses in detail.
• Send out computerized monthly statement to all owners displaying monthly activities and owner funds.
• Owners have the option of automatically deducting from their accounts mortgage payments, property taxes, insurance, repairs and owner funds.

Property Maintenance and Upkeep
• Coordinate and dispense all repair work to quality contractors. Work in close connection to all contractors for quality control and efficient follow through. For repairs, monies are deducted from the owners account. For repairs exceeding $500-$1000 owners will be notified to receive authorization.
• When property is vacated, all repairs and necessary cleaning is coordinated through SBA.
• All rents are collected on a monthly basis by the 5th day of each month. Timely payment is recorded and supervised by the property manager. If needed, our company works in collaboration with eviction services that has an attorney on staff.
• Owners have the option of automatically deducting from their accounts mortgage payments, property taxes, insurance, repairs and owner funds.
• SBA schedules utilities to be turned on and off for coordinating maintenance and viewing of the property.

What is Property Management?
Our objectives in Property Management are:
• To preserve and safeguard the capital asset.
• To secure and maintain the greatest net return possible at minimal cost over the life of the asset.
• To maintain good working relationships between management, clients and tenants.
• To enhance the value of the property through skillful management and well considered improvement.
The activities that SBA undertakes to accomplish these broad goals are many and diversified.
Listed below are a few services available.
• Handle tenant relations and communications
• Coordinate written rental\lease agreements and determine appropriate method and terms of such agreements.
• Screen and qualify perspective tenants
• Evaluate property periodically to determine rental value through market surveys.
• Review the physical condition of the property and develop maintenance programs.
• Rent collection and security deposits.
• Disburse expense with vouchers through trust account and provide monthly computer generated accounting statements.
• Resolve delinquent accounts, including EVICTIONS.
• Provide real estate services at our option should property be for sale or exchange.
• Control and interface maintenance problems with tenant and maintenance person(s).
• Consultations

Fees charged are among the most competitive available and will vary depending on the amount of services you request or require for the Management Program you feel best suite your needs.
We look forward to introducing you to our complete property management services; each diversified enough to best serve your individual needs.

Teamwork is the foundation that enables SBA to deliver market-leading asset performance. Through an experienced team of professionals with varied expertise, SBA offers clients the vast knowledge required to effectively manage and broker multi-family real estate assets.