Asset Management, Commercial/Office Space, Dane County, WI.

When Vy was hired, owners had just purchased the building, commercial leases were month to month, rent was under market, occupancy needed to increase, and residents were non-compliant with leases, low cam fees, parking lot chaos, high maintenance costs, unit offices needed upgrades.

• Generated brand new comprehensive commercial lease contracts with comprehensive rules and regulations and legal protections
• Renegotiated long term leases contracts removing month to month leases, locking in higher rent prices
• Comprehensive market and reginal analysis leading to higher rent renewals, increasing revenue
• Assigned and enforced parking spaces to eliminate chaos, charged for extra parking, increased revenue
• Towed abandoned vehicles, improving curb appeal, opening more parking spaces for rent
• 5-day notices for all lease violations were posted regularly and strictly enforced leading to compliance and lowering delinquency
• CAM fees implemented removing utility and water overhead lowering yearly expenses
• Security system put in place to resolve dumpster violations, abandoned vehicles, trash, broken glass, lowering dumpster and maintenance costs
• Tenant chargebacks for maintenance requests lowering overhead
• Tenant chargebacks to curb violations such as glass in parking lots and dumpster
• Notice for delinquent tenants,
• Stricter approval process in place to avoid delinquencies
• New marketing materials were made for effective advertising
• Regular inspections for unit upkeep to curb poor housekeeping, effectively avoiding any city violations
• Cost-effective unit upgrades made possible by vendor negotiations and relationships, lowering costs
• Billed tenants for electronic garage door installation
• New company marketing campaign put in place increased occupancy
• Generated record revenue