Services

Property Management Services Include:

Operations and Building Management

• Building Services Contracts Administration - Preston-Lee develops specifications for all service contracts and investigates the track record of all potential contractors. Preston-Lee recommends and negotiates the most beneficial contract for the owner.
• Property Inspections - Preston-Lee inspects each property and its surrounding grounds regularly to insure cleanliness and proper maintenance as well as for identification of potential liabilities, compliance with Title 24 and American Disability Act requirements, property security, recommendations for repair and maintenance and suggestions for further capital outlay.
• Budgeting and Accounting - Preston-Lee prepares and submits an operating budget as required by ownership. This budget includes a projection of gross revenue, an analysis of each expense category based on history, and recommendation for capital improvements. The budget process also allows the firm to review current methods of operation, recommend ways to decrease operating expenses, and explore avenues that will increase revenues.
• Tenant Relations - Preston-Lee recognizes the importance of good tenant relations. Owners appreciate lower operating expenses and escape finding replacement tenants by the firm’s efforts to maintain cooperation and satisfaction among clients.
• Merchant Assistance Program - Preston-Lee addresses tough times with the Merchant Assistance Program- a tailor-made marketing program to meet the needs of the individual shopping center. Merchants are instructed in proper advertising, effective sales techniques and creative display merchandising. These programs help reduce tenant turnover, limit owner expense, and help attract to the center other retailers who wish to be associated with successful merchants.

Tenant Representation

Prospective tenants experience a service-oriented process in their search for the fitting commercial space. Preston-Lee manages the prospective tenant’s needs, qualifies the client’s credit and prepares a credit report before negotiations with the property owner. Clear communication and easier negotiation is the result for both the prospective tenant and owner... Prospective tenants are benefited by Preston-Lee management’s superior knowledge of properties and excellent rapport with outside leasing/management teams in the region.

Additional Services provided by Preston Lee Include:

• Court Approved Receiverships
• Construction Management
• Lease Negotiations and Preparations
• Property Financing
• Marketing