Property Management
A balanced program consisting of financial reporting, leasing, property maintenance and tenant retention includes:
- Monthly accounting and reporting utilizing the state-of-the-art Yardi Management Software
- Rent collection
- Tenant relations, retention and leasing
- Negotiation and coordination of contract and service personnel
- Oversight of maintenance activities
Management will maintain oversight of all daily property management services and contract with third party vendors to perform emergency repairs and oversee preventive maintenance, cleaning, security, landscaping, construction, and other essential services. All service calls and emergency repairs will be monitored to ensure timely completion of repairs.
All vendor services will be evaluated against established performance standards and insurance requirements for the protection of our clients and visitors to the property.
To ensure that goods and services are purchased at market rates, contracts will be submitted to a competitive bid process. Because Westmont places a premium on quality of goods and services, and values longevity in contractual relationships, these considerations may ultimately be weighted more highly than a low bid in evaluating potential vendors.
This successful combination of marketing, reporting, and maintenance, together with client communication, is the reason so many owners and investors choose Westmont Development to handle their real estate needs.
Property Accounting
We recognize that the goal of income producing property is to produce income. Timely and accurate monthly financial reports with descriptive narratives and detailed spreadsheets are made available so investors always know exactly how their properties are performing.
Yardi Property Management software generates customized reports in a variety of formats to accommodate client preferences. All reports conform to generally accepted accounting standards. We provide comprehensive informative reports including but not limited to:
- Profit & Loss Statements
- General Ledger
- Balance Sheet
- Accounts Receivable
- Property Rent Rolls
Construction Management
Whether performing a minor face-lift or a major transformation of property, Westmont Development has the expertise from start to finish. We are experienced at helping customers generate a better return on their investments by directing their renovation dollars where they will have the greatest impact on income stream and property value. With a team of seasoned construction experts Westmont Development successfully links and coordinates construction, architecture and engineering firms, handles permitting, zoning and community issues, carefully implementing and managing construction plans, schedules and costs.
Real Estate Investment Opportunities
Our investment services have been representing and advising buyers and sellers on acquisitions, dispositions, and 1031 tax deferred exchanges, of single family homes, multi-family developments, restaurants, retail shopping centers and industrial buildings. We cooperate with experienced brokers and stay attuned to the ever-changing market and submarket conditions by utilizing current sales comparables and analysis to determine a property’s true value and investment potential.
Real Estate Development
As a developer...we facilitate the development of your property through a joint venture or limited partnership. In such an arrangement, in the event of ultimate sale, the client receives their equity back before Westmont participates in the profit. We can facilitate your build-to-suit needs or arrange financing. We offer our clients the alternatives they need for successful long-term relationships.
