Asset Management Overview
Real Property Advisors, Inc. asset managers are certified by The Consortium for Housing and Asset Management. Asset management services provide commercial, multifamily and residential investment clients with a confidential, independent third party analysis of current portfolio performance and compliance with lender and regulatory agreements. We focus on listening to our clients to identify underlying issues and challenges. Our services are then custom-tailored to meet the needs identified in our client’s portfolio.
In collaboration with our clients, we then develop short, medium and long-range management plans for their real estate portfolio. By analyzing the risks and opportunities in their portfolio, we can utilize our more than 30 years of real estate experience to develop and implement a strategy to meet the needs of our client’s business.
Asset Management Services
Real Property Advisors, Inc. asset management services include analysis of
- Current Financial Statements
- Audits
- Operating and Reserve Budgets
- Vacancy & Management Reports
- Affordable Housing Lending & Regulatory Agreements
- Affordable Housing Partnership Agreements
- Affordable Housing Year 15 Limited Partnership Capital Accounts
- Capital Needs Assessments and Projects
- Comprehensive Policies & Procedures Documents
- Marketing & Lease Up
- Resident Screening & Selection Plan
- Computerized Systems Selection & Integration
Affordable Housing Specialists
Real Property Advisors, Inc. is experienced in managing and maintaining compliance with government programs that provide funding for affordable housing projects. Effective compliance is critical to avoiding fines and other penalties, including tax credit recaptures at projects funded by Section 42 low-income housing tax credits. The following address our typical regulatory compliance services:
• HUD, Tax Credit & HOME Move-in File Reviews.
• Sample HUD, Tax Credit & HOME File Review.
• 100% Resident File Reviews.
• Pre-MOR files, Tax Credit & HOME File Reviews.
• Tax Credit Recapture (8823) Issues and Solutions
• Review & Interpreting Regulatory & Loan Agreements
• Policy Development & Compliance
• Review and Implementation of Compliance Software Systems.
In addition to property management performance oversight, we can assist in establishing an in-house management team or finding a third party managing agent that is both qualified and in keeping with your company mission and values.
Moreover, we can act as an intermediary on your behalf in dealing with lenders, regulatory agencies, accountants, attorneys and other third parties with whom you must interact.
Contact Craig Saxon at 707-541-2345 or email csaxon@rpadvisors.com for more information.
