Services We Provide
Leasing & Property Management
Service is the most important aspect in property management – we strive to keep both our Clients and Tenants satisfied. Our knowledgeable staff will insure that your property receives the highest quality of service. We, as a company, have devised an efficient process that will quickly provide you results. Our leasing services begin once we have a vacancy or future vacancy to fill and our Leasing Department (leasing@newagerealtygroup.com) steps in. We lease for clients who only want that particular service as well as for our property management clients.
Advertising is obviously an important element in leasing; the more a vacancy is exposed or displayed to the public, the more calls it generates; the more calls create more potential showings; the more showings lead to a quicker rental.
To generate leasing demand, we use a variety of advertising venues: craigslist and other web sites; various rental services free of charge to us; our database integrated website; listings with all the local university off-campus housing departments (electronic and manual); newspaper ads where necessary; and of course a rental sign on the property.
In addition, our office is well known and well located which invites a large number of walk-ins who generally will avail themselves of our rental listing handouts which are available for pick-up 24-7 or to make an appointment then and there.
Once an appointment is made (and often without an appointment) our leasing staff takes over. We maintain a leasing office staff of between 3 and 6 people depending on the season. This staff shows the apartments, helps prospects complete the application, takes deposits, answers questions, prepares lease agreements and does prospect screening.
If we are managing your property, we do lease renewals approximately 110 days prior to lease expiration so we have a 90 day lead time to re-rent the apartment if a tenant decides to not renew. This insures that vacancies are kept to a minimum (if any at all). We understand that vacancies are the worst enemy of investment real estate and we do everything possible to eliminate them.
Once an applicant is found, New Age Realty requires them to complete a company application. The application is screened by a service that investigates the financial and housing background of the applicant. This acts as an aid in our tenant selection process (we also check the employers and previous landlords). After we screen the prospects and have approved them, we collect all the required move-in funds, prepare lease agreements and deliver possession of the units to the tenants. Once the tenants are residing in the unit, our Property Management Department takes over.
All of the necessities of property management are provided in a full-service capacity: rent collection, miscellaneous invoicing, paying of tax bills, placing insurance and paying associated insurance premiums, and other required income or expenses related activity (accounting@newagerealtygroup.com). New Age Realty also provides maintenance services and is dedicated to maintaining and increasing property value by increasing the rent roll annually and performing maintenance as needed. We coordinate the necessary repairs and maintenance needs of the property. To assure your asset is protected, we provide a routine inspection of your rental property and discuss our findings with you. The key to our process is organization and documentation. We use a property management and accounting system that enables our staff to oversee income and expenses on a real-time basis. Cash-flow statements are easily accessible and promptly delivered with Owner distributions before the end of the month. The reports describe in detail all of the transactions that took place during the current month. We always encourage our clients to contact us (propertymanagement@newagerealtygroup.com) any time if they have any questions regarding their real estate!
If you are interested in our Leasing and Property Management Services, feel free to contact us and we will be happy to discuss your particular needs and portfolio in greater detail!
Sales
In addition to our Leasing and Property Management Departments, New Age Realty also offers Sales services to our Clients and to all those who are interested in getting involved in real estate. We specialize in the brokerage of investment-type real estate; that is, real estate that generates income. Even though we specialize in investment-type real estate, we are also involved in the sales of all other types of real estate, including commercial and residential. The properties that we typically work with are residential, multi-family investment properties. We sell this type of real estate all of the time and we have a fairly extensive list of clients who are always looking for this type of real estate to purchase. In addition, we are licensed REALTORS and members of TReND, the multiple listing service for Philadelphia and the eight surrounding counties, so if you are a Seller your property will get maximum exposure. If you are a Buyer looking for a type of property in a particular neighborhood, we can use TReND to find that property for you! Feel free to contact us (sales@newagerealtygroup.com) and a Sales Agent will contact you promptly!
