Shook Realty Group - Indianapolis, Indiana | Property Management Services
15829
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Property Management Services

 

With nearly 30 years of property & asset management experience, Shook Management Company’s commitment to outside owners and investors seeking professional property management services is to manage their investments exactly as we do our own: with integrity and a keen eye on minimizing financial risk and maximizing asset values.

 

Shook Management has successfully managed retail, office, industrial and development projects by maintaining high tenant occupancy, pro-actively managing maintenance & improvements, controlling costs and strengthening cash flows. Quite simply, we make a personal investment in every property we manage by ensuring timely & accurate accounting, open communication, and solid asset performance.

 

A critical component of Shook Management’s expertise is its understanding of and experience with managing existing real estate debt, both conventional bank financing and institutional products such as CMBS and private equity. By building strong, open relationships with lenders, we proactively manage loan covenants ensuring that all loans remain in compliance.

 

Services provided in our typical engagement with our clients include:

 

ACCOUNTING & REPORTING

  • Annual budgets & monthly variance reports
  • Capital projects budgeting
  • Monthly financial & operations reports
  • Lease abstracting
  • Accounts payable management
  • Accounts receivable & collections
  • Tenant reconciliations
  • Retail sales/percentage rent reporting
  • Tax & expense reconciliations
  • Cash management
  • Customized reporting available

 

FINANCIAL SERVICES

  • Borrower compliance
  • Debt management
  • Construction
  • Conventional 1st mortgage
  • Institutional debt (CMBS)
  • Institutional servicer relations
  • Quarterly reporting
  • Reserve account management

 

TENANT SERVICES

  • Dedicated Tenant Relations Manager
  • Regularly scheduled site/tenant visits
  • Tenant on-boarding services
  • Utility expense & maintenance management
  • HVAC maintenance/Insurance contracts assistance
  • CAM, tax & insurance reconciliation
  • Renewal, escalation & expiration reminders
  • 24-hr emergency call service

 

ASSET MAINTENANCE

  • Annual service contract reviews & negotiations
  • Utility surveys for cost saving opportunities
  • Dedicated asset maintenance engineer
  • Evaluate & hire contractors for capital expenditures
  • Project management
  • Annual COI management
  • Regular site visits & asset evaluations

 

ASSET OWNER SERVICES

  • Dedicated asset manager/tenant relations coordinator
  • Local market & community interaction
  • Collaboration with leasing team
  • Creation of marketing/leasing materials
  • Proactively manage tenant retention