Management Services

With over 50 years of experience, Leeds Associates has fine tuned their management skills to produce the best return on your investment while maintaining a standard of excellence.

ADMINISTRATION & FINANCIAL SERVICES

Tenant Relations

  • Billing, collection and posting of all rent and escalations to tenant accounts
  • Issue late notices and follow up on each tenant
  • Initiation of all Landlord-Tenant actions, including appearances in court on Non-Payment and Holdover proceedings (including illegal sublets, non-primary residence, breach of lease etc.)
  • Negotiate all stipulations and attorney’s fees
  • Lease renewals and negotiations for residential and commercial leases
  • Correspond with tenants regarding all requests – repairs, collections, terminations etc.

Banking

  • Monthly management reports, income and expense statements, general ledger and disbursement reports
  • Monthly reconciliations
  • Maintain tenant security accounts

General

  • Work with tax attorney to challenge property taxes on annual basis for reductions in assessments
  • Guaranteed low vendor pricing through our enormous purchasing power
  • Analyze, apply and implement all J-51 tax abatements and Major Capital Improvements
  • File all MBRs, Fuel Passalongs, RPIEs and Local Law’s 11 and 62/91, DHCR Rent Registrations
  • Compliance with DHCR, HPD, ECB, and DOB regulations
  • Well connected with various law firms, brokerages, architects and other real estate professionals
PROPERTY MANAGEMENT SERVICES

Leasing

  • Work with brokers to appropriately market vacancies both residential and commercial
  • Review and verbal verification of all prospective tenant applications, financials etc.
  • Preparation of all leases and related documents

Building Services

  • Hire all building staff—porters, superintendents, handy-persons, and outside contractors
  • Construction Management – secure various bids, negotiate discount pricing and supervise all renovations
  • Well connected with various law firms, brokerages, architects and other real estate professionals
  • Maintain all building systems
  • In-house maintenance staff keeps small repair costs down
  • Scheduled and unscheduled site visits
  • 24 hour emergency service
  • Evaluate Vacancies to determine if units should be updated to demand higher rents