Responsibilities of Residential Management Groups

Residential management services can take many forms with specialized management groups focused on the various aspects of management.  Generally, leasing and property management services are sourced together, but it is always an owner’s option to retain control over some of the related process.  For example, a residential building that experiences low turnover and is leased to full occupancy would have little need for leasing services, but may have a heavy workload dealing with building repairs, tenant communications, rent collection, etc.  The realities of managing the needs of the tenants and maintaining the physical structure of a fully occupied building may be a logical place to focus the efforts of a residential management group and the professional managers they employ.
Regardless of your management needs as an owner of residential real estate, it is important to choose your partner thoughtfully.  Experience in multi-family and residential property management is unique, and a professional team dedicated to residential properties and tenant related processes will help ensure success.  Choose a firm, like Ciminelli, with experience in similar property types and with a service footprint that ensures efficient coverage of your real estate.  An established residential management group will provide invaluable insights into existing processes and improvements that will save time and increase value for an owner almost immediately.

Strategic Partnerships

Owning and managing residential real estate don’t have to go hand-in-hand.  Creating a partnership with our residential management group can empower real estate owners to focus on acquisition, disposition, and value creation strategies while a thoughtfully selected management partner works to create value through the day-to-day operations and management.  Ciminelli Real Estate Corporation’s dedicated team of residential real estate professionals work with a diverse group of owners that utilize our full property management and leasing services to complement their ownership strategy and achieve results.