Asset Management

Engstrom Properties Asset ManagementAt Engstrom Properties, Inc., understanding the important role proficient asset management plays in an investment property is essential for ownership of each investment.  We apply a thorough, proactive approach to the commercial properties we manage, integrating financial support services, tenant retention strategies, and onsite maintenance to maximize investment return.

Financial Services

  • Preparation and presentation of monthly financial reports
  • Creation of annual operating budgets
  • Monitoring cash management activity
  • Distributing funds
  • Rent and Triple Net collections
  • Lease supervision and administration
  • Proforma comparison of lease proposals
  • Support in refinancing
  • Lease management
  • Preparation of year end figures for clients’ tax accountants
  • 1099 record keeping and reporting
  • Property tax appeals if applicable

Tenant Retention Strategies

  • Prompt and professional response to tenant concerns and requests
  • Available for customer services 24 hours a day, seven days a week
  • Coordination of tenant move-in process
  • Assisting in tenant improvements if necessary

Onsite Maintenance

  • Routine site visits and maintenance inspections
  • Supervision of property maintenance staff
  • Bidding, awarding, and monitoring repair and improvement work
  • Contracting with and overseeing third-party service providers