Cromwell Property Management

CROMWELL MANAGEMENT
2235 B Renaissance Dr. Las Vegas, NV 89119

Types of Properties We Manage:
- Home/condo (up to $300K)
- Home/condo ($300 to $500K)
- Home/condo ($500K to $1M)
- HOA (100+ units) - COA (100+ units)
- Multi-Family (100+ units)
- Retail (Up to 9,999 sqft)
- Retail (10K -100K sqft)
- Office (10K -100K sqft)

Cromwell Property Management seeks to provide the most efficient, cost effective commercial and residential property management in the Las Vegas area. Our years of experience has taught us how to manage properties from an owner's perspective and have instilled in us the importance of maintaining excellent tenant relationships.

It is our goal to provide superior service to each tenant because we are client-oriented and believe in developing long-term client relationships.
We monitor closely the costs associated with keeping the property at its best, without sacrificing class "A" condition.
Therefore, each project operates at it's best level, each tenant continues to enjoy the best service available, which is consistent with owner's objectives of maximizing the property's economic value.
SERVICE HIGHLIGHTS
Maintain Property as a "1st" Class Facility
Maximize Gross Rental Income
Review and Enforce Tenant Leases
Collect All Rents and Other Charges
Inspections of the Property
Tenant Visitations
Hire, Supervise Sub-Contractors
Monitor all Maintenance Contracts Re: Cost
Tenant Requests
Monitor all Insurance
Prepare and Monitor Annual Budgets
Maintain Records
Comprehensive Monthly Financials
No Set-up Fees

Tentative comparison criteria

I will start summarizing their setup fees etc. to compare them.


The houses are already rented, so no initial tenant finder fees/advertising.

Acct setup fee: since multiple houses, should be no more than one setup for you. or negotiate to waive this part.


Several at 8%, esp. multiple house discount.


Some are smaller scale PM. limited number, limited area.


Some have maint people on staff. Others use home warranties for repairs.

One is very large-- HOAs.

A few are younger folks.

6 Affordable Property Management

Affordable Property Management http://www.affordablepropertymanagement.net/index.php
5001 E. Bonanza STE 166
Las Vegas, NV 89110

http://www.affordablepropertymanagement.net/Owners_Landlords.php
http://www.affordablepropertymanagement.net/InquiringOwners/faq_index.htm

Location http://www.affordablepropertymanagement.net/contact_info.php

Rates Our rate is 8% depending on several factors... property type, scheduled rents, services requested, location etc. Below is a generalized estimation of our rates. They are subject to change without notice and will vary with other factors taken into consideration that may or may not be listed here. The average property is usually managed at a 8% commission.
8%
Single Family Homes.
8%
Single Family Homes
8%
Condos, Townhomes, Duplexs, Tri-Plexs, and Four-Plexs

Rates and fees on all property types are subject to change without notice.
FeesStart-Up -We do not charge a an account startup fee.
feeRenewal -We have No Annual renewal fees.
Monthly -We only charge our fees based on collected rents.
Placement –We do not charge a placement or a leasing fee.

Advertising -All advertising costs are passed through to the owner. We attempt to customize each advertising program to each owners wishes and property type. Some owners want constant newspaper advertising, while others do not want any at all. Most owners want some. We have found that serious tenants look for affordable housing seven days a week, not just on the weekends. Initial advertising funds will need to be placed into an Owners account prior to an ad being placed. Deductions are made from the funds in their respective accounts. Owners can place the ads themselv, however, the Nevada Real Estate Division requires that our name and phone number be placed in the ad. Otherwise it could be conceived as "bait and switch". Some tenants, because of their rental history, do not want to deal with a property management company. They know their only chance at getting a property is through an individual that probably does not have the resources to research their history or is out of state and would have trouble evicting them. We attempt to use free advertising when possible. When a generic ad that covers several properties can be used those charges are shared by all of the vacant properties to which the ad applies.

Repairs - New Property On occasion, an owner will call us and need our office to manage, handle, and complete thousands of dollars in repairs and clean-up of a property BEFORE we ever manage it, or make it available for the first time to the renting public. In this specific instance we charge 15% of the repairs made for handling these repairs.