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Lease Administration

LEASE ADMINISTRATION

 
The Lease Administration Department at Neyer Management offers another layer of service to our clients, supporting both property management and accounting. The department maintains a centralized, consistent data base of all tenant records.

Services include lease document storage and information management, lease abstracting by professionals with both accounting and property management experience, monitoring of critical dates, operating expense estimates and reconciliations, tenant charges and compliance.

As with most services provided by Neyer Management, lease administration can also be set-up in a boutique style. Consulting services are also available

Case Studies

Case Study #1

Neyer Management began consulting services with a new client that is self-managing multiple small retail properties. Abstracting services were performed and through this process, approximately $30,000 in additional annual revenue was discovered that was not currently being billed.

Case Study #2

A property management agreement signed with a new client for a multiple property portfolio that was being self-managed. Through data collection, lease abstracting and charges set-up, the owner now has a thorough, detailed record of each tenant, term and charges (some of which were being missed).  Accounts are now monitored for delinquency and collection processes are in place. It is anticipated that through this service, the client is collecting rents in a timelier manner and the NOI for the various properties will increase 10-25%.
 

Case Study #3

An existing, long term client requested that lease details be accessible in an easy to manage database. Abstracting of all leases, pulling pertinent information as needed by the client, was performed and the client now has reports readily available in various formats with the detail needed for asset planning and projections.

Support Services

SPECIAL SERVICES

  • Real Estate Tax Appeal Services
  • Institutional Quality Financial Reporting
  • Construction Management
  • Research & Consulting Specialists
  • Leasing & Brokerage Management Services
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3927 BROTHERTON ROAD, SUITE 200, CINCINNATI, OHIO 45209   •   PHONE: (513) 618-6000   •   FAX: (513) 618-6010
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