Property Management Services
We take great pride in our boutique style approach to servicing clients and tenants. In addition, we offer the most competitive management rates in the industry
Full Property Management Service
- Property Inspections
- Contractor Liaison
- Preventative Maintenance
- Capital Improvements
- Bid Review
- Financial Management Services
- Collections and Deposits
- Payables
- Monthly Billing
- Financial Reporting
- Delinquency Reports
- Tax Preparation Assistance
- Property Tax Review and Appeal Assistance
- Loan Application Assistance
Bookkeeping Services Only
- Collect the monthly rents
- Send out delinquent notices
- Pay all Expenses
- Maintain a bank management account
- Reconcile monthly bank statements
- Prepare and distribute monthly financial reports
- Prepare and distribute annual financial reports
- Prepare end of year tenant reconciliations and billings
- Work with owner's accountant in providing information for tax returns
Administrative Support Service
- Lease Audits
- Lease Renewal and Tracking
- Insurance Review
- Tenant Response
- Mailings
- Document Maintenance
- Policy Implementation
- Maintain Tenant Rosters
- Government Liaison
- Legal Liaison
- Banking Liaison
Extra Services Available
The following extra services are available on a fee basis
- Construction Management
- Receiverships
- Troubled Assets/Turn Around
Professional Services
R.G. Nieto Co.
R.G. Nieto Co. acts as the owner's partner when it comes to managing your property. We always have your best interest in mind. Our services as a property management company can be classified into the following four categories:
- Financial and Marketing
- Occupancy and Tenants
- Facility Management
- Risk Management and Administrator
Financial and Marketing
Property owners hire property management companies because they want an in-depth understanding of operating expenses and budgeting. We provide financial reports on a regular basis; such as rent rolls, profit/loss statements, general expense ledgers, check registers, etc.
Property Managers also have to know what the competitive rates are in the particular area the property is located. Based on our study of each area we manage, we set the appropriate rental rate. This knowledge, coupled with the hiring of competent leasing agents, where necessary, will ensure to maximize your property's occupancy and rental rates.
Occupancy and Tenants
One of the main functions of property management is to look after the tenants. Our job is to ensure that your property is made up of good tenants, as well as a proper tenant mix. We screen each tenant by checking credit, income, rental references, and requiring a co-signer when necessary.
Once the tenant moves in, we respond in a timely manner to their requests and continually assess their satisfaction. Furthermore, we collect rents, resolve non-payment issues and handle evictions.
Facility Management
Property Management Companies have to ensure the physical maintenance of the properties under their care. This means looking after the landscaping, parking lot, walls, roof, electrical fittings, appliances, plumbing, heating and cooling systems, and everything else that involves the maintenance of the physical structure.
We properly carry out these functions by maintaining relationships with repair companies and contractors, and ensuring that the repair companies and contractors, who work on your property, are qualified and the best in their field and offer highly competitive pricing. We also look into the budget capital expenditures and monitor the quality of all maintenance and repair work completed throughout your property.
Lease Review
One of the most important and financially beneficial reasons to hire a professional management company is for a comprehensive lease analysis. We break down each lease to expose how a Landlord can maximize his or her best returns. In many cases, after taking over a property we have found that many Landlords who have managed the property themselves or have employed less than experienced management have left large sums of money on the table because the lease was never properly interpreted.
Risk Management and Administration
Property Managers have to maintain files and records in order to meet the federal, state and local government requirements. We maintain records relating to accounting and taxes. We also maintain records of tenant activities and interaction for a certain period to ensure that they have the records to back their claim, if in the future there is any legal issue. We work closely with your accountant and lender in providing timely records such as rent rolls, profit/loss statements, property pro-formas, etc.
Geographic Service Area
Shopping centers we currently manage, located in the State of Ohio
- Brooklyn
- Cleveland
- Canton
- Mentor
- Mentor-on-the-Lake
- Orrville
- Parma
- Parma Heights
- Painesville
- Rittman
- Rocky River
- Lyndhurst
- North Randall
- Strongsville
Servicing the following counties in Northeast Ohio:
- Cuyahoga County
- Lake County
- Stark County
- Wayne County