Tenant Selection and Screening - All potential tenants are screened using select criteria to ensure that the applicant is a suitable tenant.
Property Management - Each property is managed with the intent to improve the owner's cash flow. Tenant Relations is given top priority by responding to tenant needs and concerns as quickly as possible. 5T's maintenance program includes preventative capital and structural maintenance, curb appeal, routine daily maintenance, emergency maintenance, and vacant "make readies." Unit Inspections are performed on a regular basis to ensure that the value of the property is maintained.
Financial Management - 5T utilizes Yardi Voyager (a web-based property management program) to manage its assets. Accounts Receivable - 5T has an efficient rent collection process and is also prepared and able to handle all evictions as expeditiously as possible. Accounts Payable - All invoices are paid in a timely manner. Monthly bank statements and copies of all paid invoices are provided each month. Monthly Reporting - all financial management reports are distributed monthly.
Receivership Program - 5T is well acquainted with the court proceedings involved in the forclosure process and the appointment of a receiver. Many individual property investors, as well as local and national banks have sought the expertise of 5T during this process. 5T is able to participate in the legal process with clients and attorneys ensuring a smooth transition to maintain and create value in the asset.