The management philosophy of Lemle & Wolff prescribes operating properties in an economically sound manner, consistent with proper, ethical and evenhanded practices.

At Lemle & Wolff, we care about improving neighborhoods, buildings, and the quality of living for our tenants. Long term affordability and economic viability of the buildings in our portfolio is sought through managing and operating them efficiently. We currently manage properties in upper-Manhattan and the Bronx and our portfolio contains thousands of residential units. Many of our properties were developed utilizing one or more government programs and we are conversant with the compliance requirements of the Low Income Housing Tax Credit Program, Section 8 subsidy programs, and buildings developed under the NYS Housing Trust Fund, as well as those of the NYC Department of Housing Preservation & Development and the NYC Housing Development Corporation.

The firm has the knowledge of the requisites essential to rehabilitate, maintain and operate older buildings successfully and manages for both private sector owners and not-for-profit groups. We are a hands-on organization and consider it our responsibility to administer to all aspects of running properties in a well-maintained manner that enhances their profitability. We endeavor to render services tailored to the needs of our clients and strive to provide them with the levels of service and expertise to which they are entitled.

Some of our Areas of Expertise Include:

• Residential rentals and renewals;
• Commercial lease negotiations and rentals;
• Union negotiations;
• Violation tracking and clearance;
• Filing for Major Capital Improvement (MCI) rent increases;
• Filing for J-51 Real Estate Tax Abatement and Exemption Program benefits;
• Preventative maintenance programs;
• Placement of property and liability insurance;
• Real estate tax assessment protest filings and certiorari actions;
• Assistance with mortgage refinancing;
• Initial certification and annual recertification of households in buildings developed under the Low Income Housing Tax Credit or other government assisted programs;
• Project budgeting;
• Bulk purchasing arrangements;
• Comprehensive monthly reporting package wherein we track the asset and liabilities of the ownership entity as well as its profitability;
• Back office management related functions and computer database tie-in for owners who desire to manage their own field operations.
• Yardi Property Management Software is used by us and it allows our clients to painlessly tie into our Management System. This allows real time viewing of selected financial and tenant data

As the real estate industry has changed, Lemle & Wolff has kept pace through continuous staff training and a state of the art management/accounting system. Contact us and let our experience and economies of scale work for you.