Nick Myerhoff has been managing investment properties for over 20 years and works with a small select group of property owners. Dissatisfied with typical property management strategies, Myerhoff & Associates employs a technology-based approach that leverages several of the latest tools available to property managers. This strategy saves time and money and is designed to 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 the Myerhoff & Associates team to personally meet each and every tenant.

Happy Tenants = Happy Landlords - Bay Apartment Brokers

Examples of tech solutions:

  • EVERNOTE – Maintenance punch lists shared across workers, updated weekly
  • QUICKBOOKS – 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 & electronic download of transactions into QuickBooks
  • ELECTRONIC PAYMENTS – For rent collections
  • GMAIL – Tenant contact information is collected for each building in one place. With one click, we can communicate with the entire building population.

“Myerhoff & Associates takes on no more than 3 new apartment buildings per year. 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.”

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.

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 entryways 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 us now at 415-812-4450 or clicking here to schedule a conversation.

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