Property Management

Robert's involvement in the management of my rental properties has been critical to its success.

N Sahlani - R/E Developer

We stayed at Hampshire an extra year because Robert made it simple. We were used to being ignored by landlords, but when we called here he responded.

M Iannacone - Tenant

Real Estate Investment
Multi-family real estate is a very under appreciated investment vehicle. It can offer:
  • Real cash income
  • Inflationary protection
  • Attractive tax advantages which can shield other income from taxation.

However, multi-family real estate is an investment that needs active management. The properties need to be improved or maintained, tenant's needs need to be attended to, and the property needs to be marketed properly to maintain its full investment potential.

Many investors severely under-estimate the amount of time and skill it takes to make investment real estate a winning success. They fail to realize that while location plays a substantial role in determining resale value, investment return (N.O.I.) plays an even greater role.

Heights Enterprises can provide the active involvement in the property that leads to maximizing your investment return. Our property management programs include:

  • Property maintenance and Marketing
  • Repair services
  • Tenant management and services
 HE makes a BIG Difference
CHALLENGE:   A 7 unit three story multi-family in the trendy Coventry area of Cleveland Heights. The owner was a local businessman with principle operations less than 1 mile away.

RESULTS:    In year 1 the property was only 45% occupied (which it had been for several years) and was NOT generating proforma profits when Heights Enterprises became involved.

Within 6 months - the property was fully occupied and gross rental revenues had almost tripled! The increase in gross rentals was a combination of improved occupancy AND an overall rent increase.

Year 2 - brought intense competition for occupancy from other owners and historically low interest rates. The property stayed occupied at the 99.9% level.

Year 3 - 45% of the tenants moved in one month. The property lost 2 weeks of gross rental income as we returned to fully occupied within weeks of notification. It is projected to remain fully occupied unit.

Year 4 - The property occupancy remained above 96%.