The property management division of AMERICAN PROPERTY ENTERPRISES specializes in the aggressive marketing and proactive management of rental apartments and commercial space including office, retail, manufacturing, assembly, research and development, distribution and warehouse. Our portfolio currently consists of multi-tenant office, retail, and industrial real estate throughout San Diego County, from Carlsbad to the Miramar area and to East County. The Company also has more than a decade’s worth of experience in managing rental apartments but has none in its management portfolio at present. The management team prides itself on a successful track record of maximizing the operating performance of every property and maintaining excellent relationships with our tenants, vendors, owners, and investors. Value creation & enhancement are the principal goals of our property management operations.
AMERICAN PROPERTY ENTERPRISES focuses on meeting the needs of our owners, equity partners and 3rd party clients in the asset management of their real estate assets. With decades of property management experience, we provide accurate and timely budgeting and reporting, a pro-active management style and a history of excellent tenant retention and satisfaction. In addition to a record of exceeding financial goals, we take pride in our ability to increase the value of each property we manage through excellent maintenance, creating an optimal tenant mix, and envisioning and executing a plan to maximize aesthetic appeal and desirability of the asset. The value of each property is further enhanced by constant monitoring of market conditions and implementation of reasonable rental increases in response to market rent growth patterns. We also recognize the vital necessity for excellent “asset” management which takes property management up to the next level.
Good asset management means thorough screening of prospective tenants through credit reports, financial statement analysis, checking landlord references, and even inspecting current or former business locations. It means negotiating favorable leases with market rent levels, appropriate terms and escalation clauses, and limited renewal rights. It also means selecting tenants whose uses are compatible with others and do not annoy neighbors with noxious odors, loud noises, or burdensome parking needs. Excellent asset management is a hallmark of AMERICAN PROPERTY ENTERPRISES and a responsibility which our professional staff takes very seriously.
The executives and staff of AMERICAN PROPERTY ENTERPRISES are committed to the proposition that excellent property management is vital to enhancing the value of a property (i.e. improving the quality, quantity and durability of rental revenues). Beginning with careful tenant screening practices for creditworthiness, responsible business practices, appropriate business uses, and continuing with regular inspections of tenant premises and common areas, as well as swift but practical responsiveness to delayed payment or non-payment of rent by a tenant, our standards for property management are very, very high.
Attentive and responsive customer service is another hallmark of our property management practices. This is especially true during the owner’s installation of improvements. Tenants expect and deserve adequate advance notice when the landlord plans common area improvements which will inconvenience them; we ensure this advance notice is given. Our management staff also makes it a high priority to avoid inconvenience to our tenants by planning improvements during non-business hours or on weekends when possible.
By providing clean, well-maintained common areas and attractive buildings, and by providing excellent customer service to our tenants, we recognize that we can attract higher quality tenants and minimize turnover. And, by providing “value” to our tenants in the form of excellent property management, we are able to keep rents at, or even above, market levels. All of these standard operating procedures at AMERICAN PROPERTY ENTERPRISES translate into maximizing returns for our owners and investors.
AMERICAN PROPERTY ENTERPRISES’ full-service, in-house capabilities in asset and property management, accounting, and construction management, uniquely position the Company to expertly manage each project from conception to completion, stabilization and, finally, disposition. With a track record of numerous successful ventures, the AMERICAN PROPERTY ENTERPRISES team has continually shown the skills to effectively manage value-added and new development projects with the ultimate goal of creating value for the owner and investor.
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