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ASSET/PROPERTY MANAGEMENT
LRES is recognized as a leader in real estate management. Preserving and enhancing the value of a real estate asset is our fundamental business principle.

Jeffrey Dunman holds the prestigious CPM designation. CPM stands for Certified Property Manager, and those who hold the designation are recognized as experts in real estate management.

Each assignment requires a strategic, market-driven perspective. Our team implements a comprehensive set of services, analyses and reporting for each property under management. Our experienced staff of highly motivated professionals, backed by information and communication systems, provides the needed support and resources required to maximize the potential of investment real estate and properly serve the strategic investor.

Management begins with the development of a long-range strategic plan to position and manage the asset and carefully balance the owner's goals, the physical and financial status of the facility, and the realities of the marketplace. A full-service team of professionals in property management, marketing, engineering, financial analysis, market analysis, development, accounting, and valuation then implement this plan. Under the guidelines of the strategic plan, the team maintains day-to-day operations while maximizing value over the long term.

Each client receives timely, detailed perspectives on operational and strategic aspects of the investment. These include monthly reports of operating performance and periodic insights on valuation, market conditions, competition, maintenance activity, tenant and leasing activity, occupancy and an annual re-evaluation of the strategic plan.

The LRES plan allocates cost efficiently and effectively to maximize cash flow. Further, strategic planning maximizes returns on employed capital and optimizes value of the assets over the client's investment time frame.


MANAGEMENT & FINANCIAL REPORTING

MANAGEMENT REPORTING
Our monthly management report provides narrative and statistical information regarding the operations and activities of the previous period. In addition, we provide a rolling variance report of the financial activity year-to-date and an explanation of any past due collection activity. This information can be combined with any other specific information or reports as desired by the client.

PROPERTY RENT ROLL
Our property rent-roll is much more than a list of tenants. The rent roll provides additional information such as project occupancy & vacancy, scheduled rent increases, comparison of current rates with market rates, renewal options, tenant's percentage of project, and leasing agent information.

TENANT AGED RECEIVABLES
Tenant Receivables are monitored weekly by accounts receivable operations and each property manager to ensure action is taken promptly on all delinquent accounts. Personal contact and/or past due notices are sent to all delinquent tenants on the 5th of the month.

LEASE EXPIRATION PROJECTIONS
Expiring leases are monitored well in advance of actual expiration. To minimize vacancy and increase tenant retention, lease renewal and the leasing of vacant space follows a specifically designed marketing plan for every property and is monitored closely by the property managers.

CLIENT DEFINED REPORTS
We provide financial and property management reports to meet any client's specific needs. These reports can be provided upon special request or along with the regular periodic project reporting.

Expiring leases are monitored well in advance of actual expiration. To minimize vacancy and increase tenant retention, lease renewal and the leasing of vacant space follows a specifically designed marketing plan for every property and is monitored closely by the property managers.

We provide financial and property management reports to meet any client's specific needs. These reports can be provided upon special request or along with the regular periodic project reporting.