| 1. |
Ability
to Listen. Communication is crucial to
any management relationship. We pride ourselves on really
listening to our clients. We integrate their objectives
into our performance strategies to accomplish those
goals. Bernard/Allison takes a pro-active approach and
searches out solutions rather than a reactive approach
that would imply we only work on new ideas when told
to do so. We are always accessible and we return phone
calls and e-mails promptly. |
| 2. |
Results-oriented. Our focus
is to maximize collections and minimize operating expenses.
We become extremely knowledgeable in each sub-market,
we track and evaluate trends and check feedback from
our residents. From this information, we develop strategies
that achieve the best possible performance from each
community we manage. |
| 3. |
Accurate
and Complete Reporting. Review of our
monthly operating reports enables an owner to analyze
the site's performance very easily. We thoroughly
review the same information and refine our strategies
to effect further improvement. |
| 4. |
Emphasis on Asset Management. We
take an asset management approach to each apartment
community entrusted to us. We do not take a caretaker
approach, but rather have the experience and ability
to determine what it will take to maximize a particular
site's value. |
| 5. |
We
Are a People Business. The residents
at our communities represent a wide cross-section
of cultures. We realize that each resident comes with
a different set of needs. It is our goal to employ
site staff who enjoy working with that diversity and
we hire District Managers and other key management
personnel who excel in training and motivating our
on-site staff. |
| 6. |
Experience.
Our firm has 25 key executives with over
100 years of experience in apartment property management.
We only do one thing. It has enabled us to consistently
outperform the competition. |
| 7. |
Expense
Reduction. Through our tax appeal program,
insurance bidding, training, safety program, purchasing
program and media buying program we reduce expenses
wherever possible to do so. Due to our buying power,
we can negotiate better prices than most management
companies. |
| 8. |
Feedback. We know it is extremely
important to communicate with our owners and inform
them of current market conditions. During our operating
meetings with each client, we discuss detailed strategies.
We also publish a quarterly market trends report and
have sale market data available quarterly for review.
|
| 9. |
Site
Staff Selection. We thoroughly believe
that the property's performance is very dependent upon
the strength of our on-site team. To ensure top performers,
our pre-employment procedures include a rigorous background
check. Each employee also receives Bernard/Allison specialized
training including operating manuals with Bernard/Allison
policies and procedures. Our recruiting and benefits
programs enable Bernard/Allison to attract and keep
quality employees. |
| 10. |
Support Services. Our purchasing,
training, marketing, human resources, accounting, information
systems, administration, insurance, tax appeal and due
diligence groups are able to support the needs of each
site. |
| 11. |
Government
Compliance. We realize there is major exposure
if we are not meeting the requirements of regulatory
agencies. We analyze each regulation, determine what
needs to be done to be in compliance and set checks
and balances in place to ensure continued compliance.
|
| 12. |
Standards.
We operate each site at the highest standard
practical. We develop operating plans to eliminate deferred
maintenance that could impact the long-term value of
the property. |
| 13. |
Due Diligence. Our due diligence
team is dedicated to investigating the physical and
market aspects of properties our clients are negotiating
to buy. The due diligence fee includes a thorough inspection
of the site including unit interiors, a complete market
study, a rent roll analysis, a status report complete
with costs to repair or improve the property, a marketing
strategy to increase collection of operating revenue
and a first-year budget. |
14. |
Renovation/Remodeling.
We have completed over $40 million of renovation
work in the past 10 years. Our staff has the ability
to oversee the bidding process, construction draw system
and supervision of the improvement work. We pride ourselves
on coming in on or under budget and have never had an
unplanned overrun. |
15. |
Conflict of Interest. We are
a 100% fee-based management company and have no conflicts
with property we own versus property we manage for others.
We do not receive kick-backs or other consideration
for the awarding of contracts. |
16. |
Size.
Bernard/Allison has the organizational
ability and staff to assume management of multiple apartment
sites on any given day. We were very successful in taking
over 2,200 units for Great American Bank all on the
same day, with 3 sites located in Phoenix and 3 in Tucson
. We have also taken over 10 sites located in Dallas
, Austin and San Antonio all on the same day.
|
17. |
Receiverships. Bernard/Allison
has been appointed receiver on over 20 different sites
representing over 5,000 units. Our reporting system
to the courts, debtors and lenders has enabled us to
relieve the anxiety created when those parties have
felt the site was not being managed to its full potential.
We are able to obtain receivership bonding within 24
hours. We have improved the occupancy, reduced operating
expenses and therefore increased the value for the benefit
of all in each receivership we have managed. |