Property Management

Nick Myerhoff has been managing his own investment properties for over 15 years and now, in 2014, is taking on select new clients. Dissatisfied with typical property management strategies, Nick is employing a different approach. After careful consideration Nick called on his background in technology to implement protocols that save time and money and make the tenants feel appreciated. The first step in taking over management of a new building involves a unit-by-unit inspection for health and safety issues. This also allows Nick to personally meet each and every tenant.

HAPPY

Using technology to manage properties – It’s all available but we have to put it together:

  • EVERNOTE – Maintenance punch lists shared across workers, updated weekly
  • QUICKBOOKS – (modified) Tenants as jobs, units as customers, monthly reporting and invoicing
  • DROPBOX – Leases and tenant files all in one place backed up and shared
  • BANKING – New bank account for each property with M&A as signer, electronic download of transactions into QuickBooks
  • ELECTRONIC PAYMENTS – Bill & Pay for rent collections
  • GMAIL – We collect tenant contact information for each building in one place. With one click, we can communicate with the entire building population

Nick takes on no more than 3 new apartment buildings per year and is very careful in selecting his clients. “I look for clients who have similar values and ideals to my own,” says Nick. “The goal is to run the property like a business but still give tenants a level of service they don’t normally find. This reduces turnover and keeps costs down which makes everybody happy.”
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Owners living locally versus outside of the Bay Area have different requirements and Myerhoff & Associates can customize the property management solution to the needs of each property owner. We invite you to call a couple of our references, call us so we can put you in touch with them.

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Basic Services:

  • Rent collections
  • Manage and pay vendor bills incurred on behalf of the property
  • Renting Activities – Vacancy preparation, marketing, showings, screening, lease and addenda execution
  • 24/7 maintenance response to calls
  • Enforcement of apartment rules
  • Property Monitoring – Coordinate & supervise all property maintenance
  • Conduct move-out inspection of vacated units to evaluate renovation scheduling
  • Record keeping of all maintenance performed on property
  • Monthly reports of all collections and disbursements

Additional Services:

  • Notices & eviction services
  • Special invoicing or additional utility billing
  • Quickbooks set up fee
  • Year-end statement of all income and expenses for your tax record

General Pricing:

  • 5-8% for property management of 8-20 units in good locations
  • 60%-80% lease up fee for renting apartments when managed by M&A
  • 10% for acting as general contractor for major renovations
  • $40/hr. for bookkeeping at approximately 2 hours per month
  • Pricing may increase for rough locations and/or the property is in major disrepair

Features:

  • Weekly inspections and on site visits by Nick or someone from his team
  • Spotless entry ways and main common areas – We hate dirty buildings
  • Improved tenant relationships – No more hostile tenants!
  • Fewer headaches – We take care of all the details
  • Reduced expenses – We examine all the bills and reduce them whenever possible

Our goal is to develop the highest possible net operating income while enhancing & protecting the property’s value. Schedule a time to discuss your property management needs by contacting bayapartmentbroker@gmail.com or call us now at 415-812-4450 for an initial meeting.

CONTACT Address — 909 Marina Village Parkway #182 Alameda, CA 94501
Nick Myerhoff Broker/Owner — Lic. #: R01866318
Phone — 415-812-4450
Email — BayApartmentBroker@gmail.com
Twitter — @Hooverhoff
Facebook — BayApartmentBroker

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