Asset Management, Dane County, WI

Highly profitable 36-unit warehouse building. Owners sought to increase revenue b $50,000.00 to cover future capital expenses. Vy increased revenue by193,000.00 over a 12-month implementation period.

• Comprehensive market analysis determined property rent was under market and revealed new developments in the area which would impact their ability to remain competitive
• Ethical rent increase schedule put in place
• Implemented CAM fees to lower $20,000.00 utility costs
• Parking infrastructure established, leading to less chaos, fewer unauthorized vehicles, revenue increase of 20,000.00 and higher tenant satisfaction.  
• Implemented non-renewal policy for late rent payments, strengthening resident compliance and respect for ownership.
• Created formal notices for management to use at their discretion.
• Drafted annual budget 
• Removed delinquent tenant
• Created new NNN lease for renewals, establishing CAM fees
• Modernized rent payment options
• Created company website
• Planned & supervised capital improvement project (New parking lor lighting and fencing)
• Landlord law and policy coaching