We welcome the opportunity to give you a proposal and show you how Management Twenty Six has the resources and expertise to benefit your property.
To request a proposal, please contact us at (347) 948 4975
A Full Range of Services
Among the standard services provided to property owners are rent collections, bookkeeping, bill paying, monthly I&E reporting, court appearances, violation removal, and employee supervision. All back-office operations are fully computerized.
Property Management
Our management portfolio includes a variety of multi-family property types that fall under the umbrella of “affordable housing”, including 100% LIHTC, project-based Section 8, supportive housing, and HUD 202 (PRAC and 202/8).
Our staff is trained in the proper screening of applicants, as well as all aspects of City and State rental subsidy programs and compliance. We have successfully completed several lotteries and rent-ups, in addition to the ordinary course filling of vacancies and ongoing compliance. We are well versed in all aspects of IRC Section 42; and HDC, HPD, and HUD requirements, including initial certifications, as well as ongoing interim and/or annual re-certifications.
Reports
A comprehensive set of standard monthly and quarterly reports allows an owner to review all the details of their property’s status at a quick glance. In addition, we provide customized reports that are required by many of the larger syndicators and investors of Low Income Housing Tax Credit (LIHTC) programs.
Controlling Costs
- Supervision of Real Estate Taxes payable, negotiating and appealing assessments where possible.
- Supervision of insurance to assure proper coverage at lowest rates, and bids are obtained from all interested insurance companies.
- All Building Employees including Resident Manager, Superintendent, Assistant Maintenance Personnel, and Security Staff are hired under the direct supervision of the Property Manager. Personnel salaries are carefully controlled, in line with budgetary requirements.
- Utility Costs including fuel, electricity, water, sewer and telephone are continuously checked to insure efficient use at controllable savings. Rates and meters are checked.
- Contracted Services, including extermination, garbage & snow removal, elevator service, heating plant maintenance, plumbing, roof and electrical maintenance are put out on a competitive bid basis, whenever possible to ensure lowest costs. Preventative maintenance schedules are instituted.
- Supplies are purchased at discounts. Inventories of same are taken on a regular basis and carefully supervised.
- Maintenance, both preventive and corrective is focused on maintaining economic use of all parts and properties of the building for the longest possible time including the common areas, landscaping, walkways, parking lot and halls.
Operation Control
- Practical, acceptable, and reasonable Tenant Building Rules are formulated, distributed, and enforced.
- Vacancy Inspection, cleaning and repair.
- Rent Collections and policies for late payments, evictions, etc., with associated record keeping are set up and controlled.
- Apartment-by-apartment service and repair requests are logged so that habitual problems or problem tenants are controlled.
- Bill Payments are doubled checked. No bill is paid unless accompanied by a work order or purchase order showing the scope of work, and approval by the job supervisor. Controls are very stringent; all discounts are passed through to the owners.
- Maintenance of Security Accounts are per state law.
- Budgetary Control, Mortgage payment and coordination of mortgage requirements.
- Preparation of regular Monthly Statements for owners and filing of obligatory State and Federal forms.
