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Scope Of Services

Client Services

01 / Scope Of Services

Management Portfolio & Unit Mix

New York City managed property

Maintenance & Operational Efficiency

  1. 01Tenant Relations
  2. 0224 hour customer care
  3. 03Rent/Maintenance Collection
  4. 04Coordinate maintenance requests from tenants
  5. 05Organize general maintenance and labor
  6. 06Maintenance Contracts
  7. 07Maintenance staff performance reviews and education
  8. 08Volume discounts on general supplies and hardware
  9. 09Elevator and boiler efficiency testing and inspection
  10. 10Expedite job completion times

Lower Utility Rates

  1. 01Save up to 13% on electricity and gas – Energy aggregation purchase program.

Contract Optimization

  1. 01Competitive Insurance Pricing/Terms
  2. 02Superior Rates on Banking Service
  3. 03Discount Tax Certiorari Services

Seamless Online Maintenance Tracking

  1. 01Tenants submit support requests from any device to easily include images.
  2. 02Payment and bill automatically posted to ledger
  3. 03Manage inventory and post inspections

Management Software — Tenant Portal

  1. 01Secure – Online payments are more secure than mailing a check.
  2. 02Convenient – Easily view your balance, and make payments online using your preferred method.
  3. 03Effortless – Set up automatic payments and never worry about paying late fees.
  4. 04Fast – Quickly file and track maintenance requests directly through the Online Portal.
  5. 05Up to date – Keep your contact information and insurance details current with your property manager.

Owner Portal

  1. 01Easily access financial information/collections in real time from any device
  2. 02Save all records online in the cloud
  3. 03Submit / Check On a Maintenance Request
  4. 04Association Board Approvals

Project Management

  1. 01Purchasing Oversight
  2. 02Cost-Savings Analysis
  3. 03Frequent Check-Ins

Compliance and Filings

  1. 01Violation resolution and certification
  2. 02Reduced fees on dues and Local Law commissioning services
  3. 03Property registration, permit renewals

Legal Action

  1. 01Engage tenants while maintaining all compliance standards to manage eviction cases.
  2. 02Favorable terms from Attorney services

Leasing & Marketing

  1. 01Superior rates with brokerage to procure tenants for rentals.
  2. 02Online lease and renewal process
  3. 03Minimize time between move in/outs
  4. 04Marketing signage, newspapers posts
  5. 05Online features – Search engine optimization.

Real estate brokerage and tenant-procurement services are provided through J M Weber Real Estate Inc

Cost Savings on Contracts

  1. 01Competitive Insurance Pricing/Terms
  2. 02Superior Rates on Banking Service
  3. 03Discount Tax Certiorari Services
  4. 04Workers Comp discounts and Dividends
02 / Scope Of Services

Financial Services

New York City managed property

Operating Budget

  1. 01Operating Budget Model forecasts income/costs with a 30+ year outlook. Automatically factor in rate increases/reductions and amortize debt over time. Create various capital structures to insightfully forecast performance.
  2. 02Yearly comparisons and data analysis
  3. 03Track an asset's success and viability.
  4. 04Prepare and present the annual operating budget to landlords before the year starts.

Monthly Financial Report (Owner's Portal – Customize Reporting Parameters)

  1. 01Balance Sheet
  2. 02Monthly income and expense statement
  3. 03Cash Flow
  4. 04Accounts Payable report
  5. 05Charge detail
  6. 06Expense Distribution
  7. 07Tenant receivables and prepaid report
  8. 08Copy of monthly bank statements with bank reconciliations

Insure and Allocate Reserves

  1. 01Distinguish and account for capital reserves, revenue reserves, and replacement reserves.
  2. 02Reserves 70 percent funded or more.
  3. 03Reserve rate calculations based on historical data analytics and all projected expenses related to major repairs and replacements expected in the future.
  4. 04Banking and Insurance Partners leverage financial products to help build capital.

Accounts Payable & Accounts Receivable

  1. 01Receivables are direct to bank, or via remote systems
  2. 02Automatically send past due invoices for missed rent to tenants
  3. 03Manage timing differences between collections and accruals
  4. 04Inform vendors of any changes required in their invoice submission
  5. 05Month-end close for accounts payable. Checks trials and runs finals of the outstanding checks.
  6. 06Upload appropriate documents into AppFolio (service tickets/contracts/other).

Assumed Increases for Costs, Payroll, etc — Changes in Operating Expense Growth Rate Calculated by Weighing

  1. 01Historical property data and trends
  2. 02Inflation & price indexes tracking overall real estate operating costs
  3. 03Expected gradual increases to dues, subscriptions and taxes
  4. 04Forecast tax and insurance premiums.

Annual Increases Associated with Payroll

  1. 01Employer portion of Social Security tax
  2. 02Employer portion of Medicare tax
  3. 03State unemployment tax
  4. 04Federal unemployment tax
  5. 05Worker compensation insurance
  6. 06Employer portion of insurance (health, dental, vision, life, disability).
New York City architecture

Maintenance & Operational Efficiency

  1. 01Tenant Relations
  2. 0224 hour customer care
  3. 03Rent/Maintenance Collection
  4. 04Coordinate maintenance requests from tenants
  5. 05Organize general maintenance and labor
  6. 06Maintenance Contracts
  7. 07Maintenance staff performance reviews and education
  8. 08Volume discounts on general supplies and hardware
  9. 09Elevator and boiler efficiency testing and inspection
  10. 10Expedite job completion times

Lower Utility Rates

  1. 01Save up to 13% on electricity and gas – Energy aggregation purchase program.

Contract Optimization

  1. 01Competitive Insurance Pricing/Terms
  2. 02Superior Rates on Banking Service
  3. 03Discount Tax Certiorari Services

Seamless Online Maintenance Tracking

  1. 01Tenants submit support requests from any device to easily include images.
  2. 02Payment and bill automatically posted to ledger
  3. 03Manage inventory and post inspections

Management Software — Tenant Portal

  1. 01Secure – Online payments are more secure than mailing a check.
  2. 02Convenient – Easily view your balance, and make payments online using your preferred method.
  3. 03Effortless – Set up automatic payments and never worry about paying late fees.
  4. 04Fast – Quickly file and track maintenance requests directly through the Online Portal.
  5. 05Up to date – Keep your contact information and insurance details current with your property manager.

Owner Portal

  1. 01Easily access financial information/collections in real time from any device
  2. 02Save all records online in the cloud
  3. 03Submit / Check On a Maintenance Request
  4. 04Association Board Approvals

Project Management

  1. 01Purchasing Oversight
  2. 02Cost-Savings Analysis
  3. 03Frequent Check-Ins

Compliance and Filings

  1. 01Violation resolution and certification
  2. 02Reduced fees on dues and Local Law commissioning services
  3. 03Property registration, permit renewals

Legal Action

  1. 01Engage tenants while maintaining all compliance standards to manage eviction cases.
  2. 02Favorable terms from Attorney services

Leasing & Marketing

  1. 01Superior rates with brokerage to procure tenants for rentals.
  2. 02Online lease and renewal process
  3. 03Minimize time between move in/outs
  4. 04Marketing signage, newspapers posts
  5. 05Online features – Search engine optimization.

Real estate brokerage and tenant-procurement services are provided through J M Weber Real Estate Inc

Cost Savings on Contracts

  1. 01Competitive Insurance Pricing/Terms
  2. 02Superior Rates on Banking Service
  3. 03Discount Tax Certiorari Services
  4. 04Workers Comp discounts and Dividends
Request Proposal
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Call646.386.1301
Emailsupport@weberrealty.com
Visit146 W. 29th Street, #10. New York, NY 10001