LEASE MANAGEMENT SOLUTIONS
Before there was ever web based software, there was Property Works. We performed lease administration and portfolio management services for restaurant and retail tenants long before there were web based tools to help. That means that we’ve had well over a decade of experiences to draw from. We’ve learned from our mistakes and built on our successes to develop rock solid lease management practices that have generated positive results for our client base. If you’re looking to grow your portfolio without growing your staff and overhead, Property Works’ lease management services are a perfect option.
Once a lease is signed, many companies simply file it away. Property Works constantly monitors your lease portfolio, performing ultra-comprehensive lease abstracts, updating all data as leases are amended, and as landlords change. We monitor not only standard dates, but landlord compliance, termination rights and purchase options. We provide a proactive mindset, so you'll never miss a critical date or opportunity.
Occupancy Cost Management
Property Works closely examines all invoices received from landlords including CAM, insurance, taxes and other pass-thru charges, as well as percentage rent, rent increases, utilities. We turn over every stone and make sure that you’re not paying a penny more than you’re supposed to. Our Property A/P file seamlessly uploads into your accounting system with no complicated and costly “integration” process. Check out some of our recent occupancy cost recoveries.
Not sure who is responsible for what? Property Works will enter and maintain that data so that it is available to you 24/7, but our property managers are also available to help interpret complex maintenance and repair language and alert you to possible “gray areas” in the lease. And if the issue at hand is the landlord’s responsibility, Property Works will work directly with the landlord to resolve the issue – freeing up your time to do other things.
Real Estate Tax Management
Property Works’ REport ms has the ability to not only track tax bills and assessments received, but also those that are anticipated. This means no missed payments dates or appeal windows. And of course we make sure that the tax info and amounts are correct and reasonable.
Lease Renewals and Restructuring
Because Property Works is continuously monitoring your real estate data, we are perfectly positioned to manage your lease renewals and renegotiations. Our seasoned negotiators will work with landlords to get the most favorable terms consistent with your goals and objectives. And because we’re portfolio managers and not brokers working on commission, we look beyond base rent and identify opportunities to reduce other occupancy costs, increase tenant flexibility, and remove onerous lease clauses.