|
Management
The firms current management portfolio consists of 286
buildings which contain 8,000 residential dwelling units. Over
1,000 units in the portfolio were developed utilizing the Low
Income Housing Tax Credit Program. In addition to managing buildings
for private sector clients and those in which the principals of the
firm have an interest, the firm manages for a number of
not-for-profit entities and community groups, and have assisted in their
efforts to rehabilitate their properties. Lemle & Wolff, Inc.
is the recipient of an award for national excellence under the
Department of Housing & Urban Development's National Recognition
Program for Community Development Partnerships.
Our approach to management is such that
we have designed and maintain a fully computerized in-house
management/accounting system which we developed to be responsive to
the needs of owners of housing for low & moderate income tenancies.
We continually strive to make our system better, and are constantly
upgrading it to adapt to changing needs. We are a full service
organization, and consider it our responsibility to administer to
all aspects of running a property. Our size is such is
such that we are able to provide our clients with prompt, personal
service while affording the economies of scale that enhance their
buildings' profitability. We are an organization that cares
about providing good housing and making it successful. We
stand behind each and every building with which we are associated,
and are confident that we can provide our clients with the levels of
service and expertise that they expect.
 |
Some of our managerial services include:
- Project budgeting
- Residential rentals
- Commercial lease negotiations and rentals
- Union negotiations
- Preventive maintenance programs
- Violation tracking & clearance
- Placement of property & liability insurance
- Annual boiler inspections & filings
- Assistance with mortgage refinancing
- Development of rehabilitation scopes & obtaining financing
- Perform and/or supervise building
construction/rehabilitation
- Filing for Major Capital Improvement (MCI) rent
increases
- Filing for J-51 real estate tax abatement &
exemption benefits
- Monthly accrual based financial reporting
- Low Income Housing Tax Credit compliance
|
|
