In real estate property management, KTN focuses on four major areas of responsibility :
We are the owner’s partner in maximizing the return on investment of the property through efficient performance of these four functional areas of responsibility. We act in the best interests of the owner to maintain the property, keep it occupied with tenants, collect rents, budget improvements and maintain records.
KTN understands the requirements, and have a good feeling about being able to accomplish them all with efficiency and enjoyment. We don’t consider it as easy as selling real estate.
Marketing and Financial KTN’s task involves understanding of operating expenses and budgeting. From this information, appropriate rental rates are set, balanced by the current market and what it will support in the way of rents. Our knowledge of the area and competitive rental properties is assured. We may recommend marketing programs, special promotions and other advertising strategies to the owner in order to maximize occupancy and rental rates. And do regular financial reporting to the owners.
Tenant and Occupancy For this function, our concern is to understand the needs of the tenants. Getting them to move in is only the beginning. We then respond to their requests, monitor their activities as regards the lease requirements, collect rent in a timely manner, and continually assess the tenants’ satisfaction as regards the property’s amenities versus those of competing rental properties in the area. The unwelcome task of eviction for violations or non-payment is part of this function also
Facility Management KTN’s function is also physical management of the structures and outdoor areas. Landscaping, electrical, plumbing, roof, walls, appliances, and much more are all part of the physical property. We do maintain relationships with contractors and repair companies, budget capital expenditures, and monitor the quality of all repairs and maintenance. This function ties in with the financial piece, as some improvements require significant capital expenditures and budgeting for them. It ties in with tenant and occupancy management because it is important to tenant retention to have well-maintained properties
Administration & Risk Management This is the files and records part of our function. Federal, state and local governments all have some jurisdiction over real estate property management activities. We do make sure that certain reporting requirements are met for all of them. Meticulous records for accounting and taxes are a must. For reasons of liability, all activities and tenant interaction are recorded and maintained for specified periods.