Service Strategies

Our aim is to build long-term partnerships with our customers and to maximize the potential of traditional business through a combination of competitive pricing, cost effectiveness, and enhanced quality of service to guarantee customer satisfaction.

Residential

  • Broker value option of your home
  • Leasing (Landlord/Tenant)
  • Purchase and sale

Commercial

  • Leasing (Landlord/Tenant)
  • Purchase and sale
  • New development

Accounting Services

  • Accurate and timely day-to-day A/P and A/R
  • Regularly published financial reports
  • Maintain commercial tenants, vendors, contractors, and financial accounting files
  • Manage property taxes and insurance coverage

Property Management

  • Professional systematic property management
  • In-house maintenance crew
  • Monthly property report
  • Annual property summarize report, NNN reconciliation & budget review
  • Complete lease administration
  • Built-out project management

Property Tax Protest Consult

  • Property tax protest - informal and formal hearings
  • Property tax litigation
  • Abatements & Exemptions
  • Business personal property compliance
  • Tax bill review

Our Offerings

We are dedicated to providing excellent customer service. Each customer is treated on an individual basis, and we will work with the customer to tailor our services to match their specific needs.

Commercial Real Estate Investment Sale

Retail, Office, and Industrial Property Leasing and Management

Residential Real Estate Brokerage and Management

Our Investment Strategies

1

Source Deal

  • Source deals through reputable brokers
  • Workforce housing with value add
  • Analytics driven acquisition criteria
  • Adherence to established criteria
  • Quality assets in decent neighborhoods
  • Underwriting based on historic averages
  • Consult industry experts in target market
  • Emphasis on location & environmental issues
  • 12% - 20% investor IRR and 1.5X - 2.0X equity multiple

2

Acquire Property

  • Checklist driven detailed property tour
  • Checklist driven detailed manger interview
  • Market survey before LOI
  • Budget & proforma rents before LOI
  • Negotiate early access to mitigate risk
  • Aggressive terms versus price
  • Thorough due diligence with 2 vendors
  • 10/12 year long-term agency debt – 3-5 year hold
  • Up to 75% LTC non-recourse loans
  • Non-recourse bank loan – deep value-add deals
  • Vendors from exterior upgrades
  • In-house for interior upgrades

3

Stabilize & Add Value

  • Stabilize with operational efficiency
  • Address safety & deferred maintenance items
  • Upgrade to increase rental income
  • $1K to $10K/unit rehab budget
  • Optimize expenses & push other income
  • Aggressive conservation (water/electric)
  • Traffic monitoring & improve marketing
  • Performance-based incentive for on-site staff
  • Extend quality customer care to tenants
  • Distribute cash flow quarterly
  • Sell / refinance in 3-5 years

We Manage Residential Real Estates, Too.

Professional. Efficient. Responsible. Service-Oriented.

PropNex Realty team is dedicated to helping every single customer find the home of dreams. Whether you are buying, selling or leasing a home, our agents are able to guide you through local market and offer full support and service throughout the process. We work hard to make sure your experience is memorable.

Contact Us