Management

Management

Property Management Services

Hold Thyssen provides comprehensive property management services that go beyond the traditional model by focusing its people, systems and technology to meet the specific needs and objectives of its individual clients. Although investment strategies differ with each asset based on the objectives of the investor and the economy, our goal is always the same – To maximize the return on investment and create value for our clients.

In our more than 45 years experience, countless owner managed properties have been observed and are often seen as underperforming, costing the owner money rather than providing a steady stream of income as these investments should do. Nearly every property can see improved performance after hiring an experienced and professional management company, as it prevents many of the common issues those properties encounter.

As property managers with experience in office, industrial, retail and multi-family property management, we understand the need to protect and enhance our client’s assets. Our management services are based on a commitment to cash flow discipline and accountability to our clients. In addition to full facilities management, our services can also include the following.

Lease Administration

Hold Thyssen handles all lease administration for each client’s property, ensuring that both tenant and landlord are fulfilling their lease obligations. Additional tasks taken on by the property manager include:

  • Creating and sending out monthly rent invoices in order to minimize the occurrence of tenants missing a payment
  • Quickly and clearly providing tenants with a full ledger of their past and current charges and payments
  • Both the property management and leasing team ensuring that the appropriate parties are aware of and understand the lease terms and options (renewal, right of first offer, right of first refusal, expansion options, insurance requirements, and notice time frame required)
  • Handling monthly CAM collection as well as annual reconciliations

Hiring and Supervising

Certain properties require on-site employees. In these cases, hold Thyssen searches for quality individuals to provide the highest level of service. Full background checks are performed after each initial interview.

After the hiring process, hold Thyssen provides ongoing supervision of all on-site employees and additional training and support when necessary.

Service Contract Negotiation and Vendor Administration

Allowing a property management company to handle all service contract negotiations and vendor administration before, during, and after each service term ensures the following:

  • Insurance requirements for each vendor and type of service are met
  • Access to high quality vendors, including those who offer bulk discount rates, guaranteeing the client receives the best service in the most cost-effective way
  • The property is consistently maintained and vendors are meeting their contractual obligations

Accounting

All accounting services are performed out of our corporate office in Winter Park, Florida. using the industry standard Yardi accounting software, combined with years of experience, Hold Thyssen is able to create easily customizable and audit-ready reporting to fit the needs of each client. In addition to handling all accounts receivable and accounts payable, detailed below are reporting processes that are available at any time for review.

  • Monthly Narrative – Clients will receive a complete narrative that will include a summation of the financial activity for the current month and will highlight any issues of importance
  • Cash Flow Statement – Details all income and expenses based on Month To Date actuals, compared to Month To Date budgets with a resulting monthly variance. Also available in a Year To Date format
  • Balance Sheet – Covers current assets including cash on hand in operating, lock-box, and security accounts with security liabilities
  • General Ledger – Reflects all income from tenants and all expenses, which are recorded with each vendor clearly delineated with invoice numbers and balances
  • Journal Register – Details credits and debits to all accounts inclusive of mortgage payments, bank charges, escrow reserves, and insurance
  • Receivable Detail – Breaks down individual tenant activity and payment history with control numbers, transaction date, monthly postings, and balances or credits to each account
  • Rent Roll – Includes name of each tenant, lease type, area leased, lease dates, term, monthly rent, and rent per square foot
  • Bank Reconciliation Report – Reports beginning and ending balances on all bank accounts as well as all check numbers, dates and amounts, wire transfers, daily balances, and any fees

Construction Management

When taking on any type of construction project, a significant amount of time is required in order to properly manage the process. Hold Thyssen offers full construction management services, taking on the task of overseeing the project. This service includes:

  • Client protection from liens
  • Continuous oversight of work being done to guarantee high quality workmanship
  • Past experience with a number of high quality vendors, many of which may provide volume discounts and will ultimately save money on the project
  • Specified insurance requirements are met throughout the project
  • Effective communication of construction costs to the tenant and client, in addition to keeping current tenants aware of the project schedule and timeline in order to minimize any inconvenience to their business

Asset Management

The Hold Thyssen companies assist their clients with the development and implementation of Asset Management strategies that maximize the value of their real estate portfolios, while managing current cash flow. By integrating proven property management procedures with leasing and tenant retention programs, Hold Thyssen can meet the most complex real estate challenges and provide the objective advice sought by its clients.

At Hold Thyssen, Inc. we keep our clients well informed, allowing them to focus on their core business while they achieve their desired real estate investment goals.

Real Estate Market Assessments
Strategic Planning
Property Management
Acquisition/Sales Coordination
Project Financing
Tax Analysis/Administration
Due Diligence Services

Property/Asset Managers