Property Management...
Moving out state or out of the country / transfer from your job / just want to rent your house?
- Move-in/move-out coordination
- Enforcement of lease terms
- Timely rent collections
- Timely disbursement of funds to owner
- Tenant public relations
- Funds managed by trust account
- Detailed Monthly statements
- CPA-ready annual consolidated statements
- Scheduled property surveys
- Compliance with applicable local, state, and federal laws
Maintenance
- Access to PRS property repair service, a Subsidiary Corporation
- 24 hour on-call service for emergency repairs
- Repair "help line" service for tenants at no cost
- Reputable maintenance personnel
- Spring A/C, fall furnace and annual lawn service at owner's option
- Updating, decorating and refurbishing if desired
- Installation of locks and security devices as required by Connecticut law
Current Services Offered
Core Management Services are offered in three basic configurations:
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Full-Service (Traditional) Management Solutions
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Elective Service Management Solutions
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Transitional Management Solutions
Specialty Services available independent of Management Services:
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Property Accounting Services
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Property Maintenance Services
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Capital Project Management Services
Our Full-service management solutions offer comprehensive asset and property management services on one agreement. With a variety of service durations available, this service allows the owner / ownership entity freedom from being involved in day-to-day operations. It also eliminates running a property and dealing with resident / tenant issues, employee issues and accounting. The owner receives twice monthly funding transfers (based upon the availability of funds) as well as a comprehensive accounting report package each month. A full-service management solution allows for separation from day-to-day property operations to the degree desired and allows for the attainment of goals through the incorporation of personnel with backgrounds in delivering results.
Advantages
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Maximum value, offering the most management services in one package.
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A comprehensive solution, one management agreement does it all.
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Multiple service durations offered in 6, 12, and 24 month periods.
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Below Market Rates based upon the asset type and actual asset to be managed.
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A “walk away” solution with all management issues addressed.
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Implementation of services may be completed in as little as ten business days.
Elective-Service Management Solutions
A custom designed management solution incorporating current components of operations which have proven to be effective.
Description
Our Elective-Service Solutions offer highly configurable asset and property management services on one agreement. This allows the owner to utilize current accounting or other preferred accounting, personnel and or vendor services favored by the owner. This service can maintain current systems currently in place and add the desired components as desired.
Custom property management packages may be tailored to meet individual investor goals. This includes adding, deleting or altering individual service parameters such as accounting services, marketing services and/or employee services. This allows for separation from day-to-day property operations to the degree desired and allows for the attainment of goals through the incorporation of personnel with background in delivering results.
Advantages
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Offers the ability to custom design a management package around specific needs.
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A scaleable and configurable solution with individually selectable services.
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Multiple service durations offered, in 6, 12, and 24 month periods.
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Ability to add additional services during the term of a current service period.
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Incorporate services for a single asset or multiple assets on one agreement.
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Implementation of services may be completed in as little as ten business days.
Transitional Management Services
We offer transitional management services to assist with on-site property operations in periods of transition (with or without a sale). We can audit, stabilize, and prepare for a successful transition to a new management company of the owner's choosing, even if it is not ours.
Advantages
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Offers management services for property sales or management agent changes.
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Provides for an un-biased, third party evaluation of operations as requested.
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Multiple service durations offered, in 30-Day, 60-Day and 90-Day periods.
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Provides for smooth changes between other management services.
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Incorporate services for a single asset or multiple assets on one agreement.
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Implementation of services may be completed in as little as ten business days.
Property Accounting Services
All property accounting services are rendered under a the direction of our CPA.
Description
We offer scalable and highly configurable accounting services independent of a comprehensive full-service management contract. Components of an accounting package may include; budgeting, A/R, A/P, monthly wire transmittal of funds and include a pre-determined set of monthly reports.
Advantages
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Offers accounting services on a independent basis.
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Provides controlled, predictable accounting costs per month.
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Establishes a set accounting package delivered on a specified day each month.
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Standardizes systems to promote uniform reporting.
Maintenance Services
Description
We offer maintenance services independent of our asset management services to assure the timely completion of work orders placed through our centralized system.
Our service personnel include members with HVAC Type I, Type II and Universal Certifications. We can provide maintenance services on an on-going basis, for shorter periods of time or to handle brief periods of time when additional maintenance staffing is needed.
Services are billed based on your individual needs and may be: hourly, weekly, or monthly rates. We also can bill a flat rate (if requested) or by the individual assignment.
Advantages
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Offers maintenance services without unnecessary overhead costs.
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Provides maintenance services at a low hourly rate, plus materials.
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Flexible scheduling to accommodate service interruptions with short notice.
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Incorporate services for a single asset or multiple assets on one agreement.
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Services are available within days after a maintenance agreement is completed.
Capital Project Management Services
Description
We offer capital project management services to assure the timely completion of capital projects within pre-stated budget parameters. These services are especially helpful when current on-site management does not have the resources to oversee the completion of such projects or needs to focus instead on other income producing activities. We manage the entire project including: budgeting, scheduling, permitting, coordination of multiple vendors, detailed progress reporting, loan draw requests (if requested), payment of vendors and follow-up to assure satisfaction.
Advantages
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Offers independent management of capital improvement projects
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Provides complete supervision and coordination of employees and vendors
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Facilitates the timely completion of capital projects, within budget parameters
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Provides for detailed progress reports and communication throughout the project
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Detailed vendor selection and management to meet critical project deadlines
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Independent inspections and loan draw requests are available, if requested
Summary of Management Services
We invite your inquiry. Please call us at (203) 384-6000 (select option 1) or email us at info@ViminiAssociates.com to receive a no obligation inquiry regarding your potential needs.
Our management rates are often referred to as “below market” due to our low overhead structure. This allows us to provide a high level of service at low management rates which increase income to the owner or ownership entity.
Our rates vary, and are partially determined by the following factors:
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Type of service solution requested
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Components of the service solution to be provided
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Asset Size (or Portfolio Size)
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Asset Type (or Portfolio Type)
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Condition of Asset(s)
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Location of Asset(s)
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Pre-stated goals of the investor(s)